Kia Motors likely to halt three plants in South Korea

Source: Dukascopy Bank SA
Kia Motors Corp is considering to suspend its operations at three South Korean plants as the COVID-19 virus crisis hit the carmaker's exports to the United States and Europe.
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Mon, 13 Apr 2020 17:47:47 GMT

Ford sees $600M quarterly loss amid coronavirus

On Monday, Ford Motor said it was expecting a $600M pre-tax loss for the Q1 after the coronavirus outbreak affected its sales and shut vehicle assembly factories, causing a 21% fall in car sales to dealers compared to the same quarter last year.

Mon, 13 Apr 2020 15:41:41 GMT

Siemens has no plans for job cuts over coronavirus

Siemens CEO Joe Kaser said the tech giant would not cut its workforce due to the economic downturn caused by the coronavirus outbreak, although some working measures could potentially be prolonged in Germany.

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