Fiat Chrysler Automobiles (NYSE: FCAU) has told its salaried workers that 20% of their pay from April through June will be deferred until later, as the company conserves cash to deal with the effects of the coronavirus pandemic.
(RTTNews) - Ford Motor Co. and GE Healthcare announced a plan to produce 50,000 ventilators in Michigan within the next 100 days, in its efforts to support the fight against coronavirus or Covid-19. The companies would use the FDA-cleared ventilator design of Florida-based Airon
Ford Motor Company (NYSE: F) said that it will make 50,000 ventilators in the next 100 days, in Michigan, in a collaboration with the healthcare division of General Electric (NYSE: GE).
The coronavirus pandemic has become a global health crisis, affecting people in dozens of countries around the world. It's also had massive economic impacts, and many see the effects of the coronavirus lingering on for months or even years. With some of the biggest companies in
(RTTNews) - The 2020 North American International Auto Show, known as Detroit auto show, has been canceled as the venue is being converted into a field hospital to treat coronavirus or COVID-19 patients. The auto show, which was scheduled in June this year, will now be held on J
Ford Motor (NYSE: F) has been preparing for a downturn for years. But not too many auto executives -- or auto investors -- ever expected to see what we've seen in the last few weeks: Factories shut down and employees sent home to wait out a virus pandemic.
General Motors (NYSE: GM) and hospital ventilator maker Ventec Life Systems said today that GM is preparing to mass-produce Ventec-designed ventilators at a factory in Kokomo, Indiana, and the GM-built ventilators could begin shipping in April.
Tesla (NASDAQ: TSLA) ran into a major roadblock this week as it yielded to authorities and closed its factory in Fremont, California, due to the coronavirus pandemic. The company's woes, however, extend beyond the Golden State and into the Silver State, as Tesla plans on reducin
What happened
Shares of the three Detroit automakers were trading down on Friday morning, as auto investors turned pessimistic after Ford Motor Company (NYSE: F) and General Motors (NYSE: GM) announced cost cuts.
Two Tesla (NASDAQ: TSLA) employees have tested positive for COVID-19, according to an email sent to company employees on Thursday morning and reported on by various outlets.
On Wednesday, credit rating agency S&P Global cut its rating of automaker Ford (NYSE: F) to junk status. That followed a similar downgrade from Moody's in September.
In this episode of MarketFoolery, Mac Greer and Motley Fool contributor Dan Kline discuss the recent uptick on Wall Street and Congress closing in on a stimulus package and how it could impact various industries. Learn how the private sector is working together to manufacture f
In this episode of MarketFoolery, Mac Greer and Motley Fool contributor Dan Kline discuss the recent uptick on Wall Street and Congress closing in on a stimulus package and how it could impact various industries. Learn how the private sector is working together to manufacture f
What happened
Shares of General Motors (NYSE: GM) were moving higher on Wednesday, up 8.9% as of 1:30 p.m. EDT, after U.S. lawmakers reached tentative agreement on a $2 trillion economic-rescue package.