BizLizzy Reporter, Author at Business, Science & Industry News - Page 1098 of 1807

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Hertz in talks with banks for new financing amid travel bans, report says
Auto March 27, 2020 , by BizLizzy Reporter
Among the options being discussed by the company and banks led by Barclays Plc are a first-lien loan, […]
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VW is burning through $2.2B a week as virus halts output
Auto March 27, 2020 , by BizLizzy Reporter
VW is not generating sales or revenue outside of China and may have to cut jobs if […]
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Automakers warned of coming 'credit shock'
Auto March 27, 2020 , by BizLizzy Reporter
BMW, Ford, Toyota, Nissan and Honda had their credit ratings downgraded by Moody’s while GM, VW, Daimler, […]
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Kia names Song as global president to lead new mid-term plan
Auto March 27, 2020 , by BizLizzy Reporter
The Korean automaker said Ho-sung Song’s first task will be to steer a shift toward electric and […]
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Tesla to cut on-site staff at U.S. battery factory by 75%
Auto March 27, 2020 , by BizLizzy Reporter
The move comes after its battery partner Panasonic said it would scale down operations at the Nevada […]
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Toyota seeks $9 billion credit line, reports say
Auto March 27, 2020 , by BizLizzy Reporter
Japan’s biggest automaker has the strongest credit profile among the country’s car manufacturers but its cost of […]
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Magna withdraws forecast amid pandemic, looks to reassure investors
Auto March 27, 2020 , by BizLizzy Reporter
The Canadian supplier said it has $1 billion in cash and $3 billion in readily available credit […]
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FCA Transport worker dies of COVID-19
Auto March 27, 2020 , by BizLizzy Reporter
The death of a man employed by FCA Transport in Sterling Heights, Mich., marks the fourth coronavirus-related […]
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UAW open to meeting with prosecutors amid federal corruption probe
Auto March 27, 2020 , by BizLizzy Reporter
The willingness to meet marks the latest effort by UAW President Rory Gamble to stave off potential […]
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Mexico's auto industry seeks delay of USMCA content rules
Auto March 27, 2020 , by BizLizzy Reporter
Mexico’s automakers and parts suppliers, citing a lack of clarity about content rules that would allow companies to […]
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Fiat Chrysler secures new $3.8 billion credit line with 2 banks
Auto March 26, 2020 , by BizLizzy Reporter
Fiat Chrysler said the new credit, negotiated at a time when carmakers are idling plants, losing revenue […]
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Seating supplier Adient cuts non-plant employee salaries by 20%
Auto March 26, 2020 , by BizLizzy Reporter
The company did not respond to inquiries concerning how many employees face the cut. The company employed […]