Toyota keeps China plant output stopped through February 16 as virus hits supply, logistics
Toyota Motor Corp on Friday said production at all of its China plants would remain suspended through Feb. 16, joining a growing number of automakers facing stoppages due to supply chain issues as the coronavirus spreads.
Majority of U.S. firms in China see revenue hit from coronavirus: AmCham survey
The majority of U.S. firms with operations in China expect a virus outbreak to cut revenue this year, and some are accelerating plans to shift their supply chains out of the country, according to a poll by Shanghai’s American Chamber of Commerce.
Hyundai Motor, Kia Motors to keep Chinese factories idled until February 16
Hyundai Motor and affiliate Kia Motors plan to restart production at their Chinese factories on Feb. 17, a spokesperson said on Friday.
Lifeblood of Amazon merchants threatened as coronavirus infects Chinese workers
Amazon.com Inc sellers are bracing for product shortages as Chinese workers – worried about the fast-spreading coronavirus – may be unable or unwilling to return to idled factories.
Lifeblood of Amazon merchants threatened as coronavirus infects Chinese workers
Amazon.com Inc sellers are bracing for product shortages as Chinese workers – worried about the fast-spreading coronavirus – may be unable or unwilling to return to idled factories.
Japan telecom SoftBank Corp CEO sees Elliott investment as ‘positive’
Japanese telecom SoftBank Corp’s CEO Ken Miyauchi on Friday welcomed hedge fund Elliott Management’s investment in parent SoftBank Group Corp saying the activist investor’s assessment of the stock as undervalued was “positive”.
Japan telecom SoftBank Corp CEO sees Elliott investment as ‘positive’
Japanese telecom SoftBank Corp’s CEO Ken Miyauchi on Friday welcomed hedge fund Elliott Management’s investment in parent SoftBank Group Corp saying the activist investor’s assessment of the stock as undervalued was “positive”.
Carmakers close Chinese factories because of coronavirus
Automakers and parts suppliers have shut factories in China, in line with government guidelines, or have flagged a hit to profits following the coronavirus outbreak.
Carmakers close Chinese factories because of coronavirus
Automakers and parts suppliers have shut factories in China, in line with government guidelines, or have flagged a hit to profits following the coronavirus outbreak.
BP’s downstream boss Erginbilgic to leave next month
BP’s head of downstream Tufan Erginbilgic will step down next month after six years in the job, the energy company said in a statement, becoming the latest top executive to leave as CEO Bernard Looney takes over.
