Governments scramble to prop up airlines as virus forces more flight, job cuts
Australia and Taiwan joined governments offering financial aid to airlines, while authorities in Europe rushed on Wednesday to agree steps to rescue carriers which have had to park planes and cut jobs as the coronavirus puts the brake on travel.
Toymaker Lego shuts all stores outside of China due to virus
Danish toymaker Lego said on Wednesday it would close all of its stores, except for those in China, until at least March 27 due to the spread of coronavirus.
Nissan to stop producing cars in Indonesia as part of reorganization plan
Nissan Motor Co said on Wednesday it would stop producing vehicles in Indonesia, consolidating its global production in the face of falling sales which have pummeled its profitability.
Factbox: Airlines count mounting costs of the coronavirus shock
Airlines across the globe are feeling the pain as travel demand withers because of the coronavirus outbreak, scrapping flights and ditching financial forecasts.
IKEA closes all U.S. stores, China back up except for Wuhan store
IKEA, the world’s biggest furniture brand, is temporarily closing more stores as the coronavirus spreads, including all 50 in its second-biggest market the United States.
Rolls-Royce motor cars suspend production in UK over coronavirus
Rolls-Royce motor cars said it would suspend production at its British plant for two weeks to ensure the health of its employees.
EasyJet launches winter sale in coronavirus rebooking push
EasyJet launched an early sale on cut-price winter 2020-21 flights, even as the airline industry heads into a deepening coronavirus crisis that threatens to ground most of the British low-cost carrier’s planes.
Belgian government holds talks with airline and travel sectors
The Belgian government held talks with representatives from the country’s airline and travel industries on Wednesday as they seek state support to help with their fight for survival in the face of the coronavirus pandemic.
Chinese EV maker Nio raises going concern doubts
Cash-strapped Chinese electric vehicle (EV) maker Nio Inc said on Wednesday there was substantial doubt in its ability to continue as a going concern.
Japan’s Sharp sues Tesla for patent infringement over network gear: source
Sharp Corp has filed a patent infringement lawsuit against the Japanese unit of Tesla Inc, seeking an injunction to halt imports of some electric vehicles (EV) to Japan, a source familiar with the matter said on Wednesday.
