Coronavirus
Wabash Announces Temporary Idling, Furlough
Wabash National Corp. announced plans to implement a two-week idling of operations and companywide furlough from April 20 to May 3.
April 20, 2020GM, Ford Credit Arms May Lose Billions on Used-Car Price Plunge
General Motors Co.’s and Ford Motor Co.’s finance arms likely face multibillion-dollar losses linked to the dramatic drop in used vehicle prices, JPMorgan Chase & Co. analysts said.
Greenbrier Suspends Railcar Operations at Oregon Facility
The Greenbrier Cos. is cutting hundreds from its workforce and suspending railcar production at its Portland, Ore., facility due to the economic impact of the coronavirus, the company announced April 16.
April 20, 2020Stocks Sink Under Weight of Another Collapse in Oil Prices
Stocks have fallen in early trading on Wall Street April 20, as energy stocks get hammered by the latest collapse in the price of oil.
Navistar Extends Stoppage at Springfield, Ohio, Truck Plant
Navistar International Corp. extended the stoppage at its medium-duty truck assembly plant in Springfield, Ohio, through early May due to component supplier constraints.
April 20, 2020Dana Reduces Operating Costs Due to Lower Demand
Dana Inc. announced it significantly reduced operating costs, secured $500 million of incremental liquidity and temporarily suspended its quarterly dividend due to lower customer demand.
April 20, 2020Trump, Congress Near Deal on Small Business, Hospital Aid
The Trump administration and Congress expect an agreement April 20 on an aid package of up to $450 billion to boost a small-business loan program that has run out of money and add funds for hospitals and COVID-19 testing.
Georgia Company Builds Hospital Rooms From Shipping Containers
A company is adding more hospital beds for Georgia coronavirus patients one shipping container at a time.
UPS Shipping First Ventilators From GM Facility to Hospitals
UPS is shipping ventilators made in a General Motors facility to hospitals in the Chicago area.
Amazon Nudges Customers Away From Nonessential Items
The pandemic has many of us acting in unusual ways, and the world’s largest e-commerce company is no exception: Amazon.com has begun discouraging users from buying things they don’t need.