With the coronavirus-induced COVID-19 pandemic bring the global travel to a stop, British engineering company Rolls-Royce downgraded its yearly cash outflow forecast underscoring the challenges it faces in its financial outlook even as the air travel continues to be disrupted… Read More ›
In a significant development, France’s Labour Ministry stated, the French government plans on making wearing a mask compulsory in the vast majority of workplaces from September 1, 2020, as one of the measures to mitigate the resurgence of the COVID-19… Read More ›
According to a report from the Wall Street Journal, General Motors Co, Ford Motor Co and Fiat Chrysler Automobiles NV are slated to to resume some production at their U.S. factories from May 18. Their U.S. plants were shutdown in… Read More ›
Italian Prime Minister Giuseppe Conte stated, starting from May 4, factories and building sites will re-open on May 4 and in the weeks to come more businesses will be allowed to conduct business. The development comes as Italy prepares to… Read More ›
On Monday, Toyota Motor Corp said, it will be extending a suspension of production at its factories in Europe with the exception of Russia until further notice. A restart of operations could potentially start after April 20. Following the Wuhan… Read More ›
Late on Thursday, as a measure to stop the spread of the Wuhan coronavirus, Jaguar Land Rover said it will temporarily halt production at its UK manufacturing facilities from next week. Production is likely to resume in the week of… Read More ›
On Friday, China’s vice industry minister Xin Guobin stated, the majority of factories which are located outside of Hubei province, which has China’s only level 4 bio safety lab which is also the epicenter of the coronavirus outbreak, have resumed… Read More ›
In a statement, Toyota Motor Corp disclosed, it plans on resuming output at three of its four main auto plants in China this week. Toyota had earlier wanted to resume the production at its plants on February 3 after the… Read More ›
On Monday, in a statement Kia Motors said, production at three car plants in South Korea have come to a grinding halt due to a shortage of auto parts. Production at Kia Motors’ Gwangju and Sohari plants will be suspended… Read More ›
On Wednesday, big air cargo carriers stated, they dont have any immediate plans to add flights to China to replace the capacity lost midst steep cuts to passenger travel due to the coronavirus, with many factories choosing to remain closed… Read More ›
