Uber Technologies is set to slash about 600 job positions in India, looking to trim 23% of the ride-hailing firm'a global workforce, as lockdowns hit the company's business in the country.
The UK low-cost airline easyJet confirmed that Andrew Findlay, its chief financial officer, would step down from his role in the carrier in May 2021, adding it had started to search for a successor.
On Tuesday, Latin America's biggest carrier LATAM Airlines Group announced the firm and its affiliates based in Peru, Colombia, Chile, Ecuador and the United States have filed for the US bankruptcy protection.
On Tuesday, Uber's rival Bolt announced it had raised €100M from Naya Capital Management, the London-based investment firm, in a deal that valued the European ride-hailing service at €1.7B.
The Prime Minister Boris Johnson announced Britain would reopen thousands of shopping centres, department stores and high street shops in June, as the country is easing the coronavirus lockdown.
Renault and Nissan have shelved their merger plans, looking to repair their troubled alliance instead and try to recover from the consequences of the coronavirus outbreak.
Toyota Motor's unit in Mexico is getting ready to gradually restart its operations, saying it would include implementation of health security measures, production tests and training activities.
France's Renault is likely to unveil plant closures and job cuts this Thursday amid the carmaker's intention to save $2.2B in costs, a CGT representative said.
China's Great Wall Motor is expecting mild domestic auto sales growth in the current year's second half, as the Chinese car market recovers from the coronavirus impact.
The CEO of Aston Martin, Andy Palmer, is set to resign on the back of the management shake-up, with Tobias Moers, the head of Mercedes-AMG, to succeed him on this role.
Siemens is set to keep a stake of 45% in its energy business, which it wants to spin off later in 2020, sources familiar with the matter stated.
France's carmaker Renault is set to unveil plans for plant closures and job cuts on Thursday, looking to save €2B in costs, CGT representative stated.
Air Canada's bid for Transat AT is likely to result in less choice and higher prices for flights between Canada and Europe, EU antitrust regulators stated.
Nissan Motor's Mexican unit stated that it was preparing to gradually restart activities related to autoparts and vehicle manufacturing.
Germany's highest civil court ruled that Volkswagen must pay compensation to German motorists who purchased cars with manipulated diesel engines.
Asahi stated that it signed a contract with Sumitomo Mitsui Banking Corp for the $11B loan to buy Carlton & United Breweries, AB InBev's Australian subsidiary.
Lufthansa and Germany's government agreed on a preliminary rescue deal worth $9.8B, as the flagship carrier had been hit hard by the crisis caused due to the coronavirus outbreak.
Andy Palmer, Aston Martin's CEO is set to leave the carmaker amid management shake-up, with the Mercedes-AMG's head Tobias Moers to become his successor, according to Reuters.
On Monday, Spain's top industry minister official stated that there was no confirmation from Nissan Motor regarding its plans to shut down the plant in Barcelona.
LVHM's Bernard Arnault has agreed its Groupe Arnault would acquire a stake in his fellow billionaire Arnaud Lagardere's holding company, Lagardere Capital & Management, in a deal that would boost LCM's financial capacities and corporate structure.
The British Prime Minister Boris Johnson seeks to reduce the involvement of Huawei Technologies in the country's 5G network amid the coronavirus crisis, according to the Daily Telegraph newspaper.
Germany's Lufthansa is planning to resume its flights to at least 20 destinations starting from mid-June, including holiday hot-spots, the airline's spokeswoman said.
Hertz Global Holdings, the car rental company, has filed for the US bankruptcy protection, as its business was hit during the coronavirus outbreak, while negotiations with creditors failed to provide the relief.
The freight-forwarder Kuehne+Nagel is likely to cut over 20K jobs, with warehouse employees most affected, due to the global economic crisis caused by the coronavirus that hit shipping, firm's owner Klaus-Michael Kuehne stated.