In a statement He Xiaopeng, the CEO of Chinese electric-car maker Xpeng said, automakers in China may have to suspend production in May if suppliers from Shanghai and surrounding areas do not resume work. China’s zero tolerance policy towards COVID-19 have… Read More ›
On Thursday, in a statement Australian copper miner MMG said, after December 18, it would shut production at its Las Bambas copper mine in Peru. The development comes after it failed to reach an agreement with a Peruvian community which… Read More ›
On Friday, Domino’s Pizza Group said, Neil Smith, its CFO will be leaving the company to join Fuller, Smith & Turner, a pubs and hotels chain, as its finance director. Smith is expected to join Fuller, Smith & Turner by… Read More ›
In a statement, Vietnam’s People’s Committee of the northern province of Bac Giang ordered four industrial parks, including three which house the production facilities of Taiwan’s Foxconn to temporarily shut down because of a COVID-19 outbreak. The People’s Committee said these… Read More ›
In a statement Apple Inc said, Wistron Corp, one of its suppliers, will restart its operations at its southern Indian factory, which was shutdown late last year. Apple uses Wistron to assemble its second-generation iPhone SEs in the plant; it… Read More ›
In a statement Rolls-Royce said, it plans on raising $2.6 billion (2 billion pounds) from shareholders, 1 billion pounds from the bond market and secure loans to rebuild its balance sheet. The coronavirus pandemic has ravaged Rolls Royce’s finances after… Read More ›
In the first such development, in a blog post, burger chain Shake Shack Inc stated, it will return the business loan that it took from the U.S. government which was meant to help businesses ride out the impact of the… Read More ›
Smithfield Foods, the world’s biggest pork processor stated, it will shutdown a U.S. plant indefinitely following a hike in the number of coronavirus cases among employees. It also warned that the country is moving “perilously close to the edge” in… Read More ›
In a statement, General Motors Co disclosed, it will extend the shutdown of its North American plants beyond March 30. It did not set a restart date. In an e-mail to suppliers, General Motors said, “given the unprecedented circumstances, exactly… Read More ›
With restaurants and bars shutting down across the United States to stop the Wuhan coronavirus shutting from increasing its footprint in the country, America’s service culture is moving online. Consumers who frequent their favorite restaurants and bars can now tip… Read More ›
manageria.biz 