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Nissan and Honda on Tuesday said they had furloughed thousands of workers at their US operations as the coronavirus pandemic slashes demand for cars in the country. A spokesman for Honda, which employs about 18,400 workers at plants in Alabama, Indiana and Ohio, said the Japanese automaker would guarantee salaries through Sunday, having suspended operations …
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General Motors is temporarily cutting pay for thousands of salaried workers to save cash during the coronavirus crisis. The Detroit-based automaker’s roughly 69,000 white-collar employees will defer 20 percent of their cash compensation starting Wednesday, the company said. Their health care benefits will not be affected. GM said the employees — who account for 42 …
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Ford on Thursday moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damage to its business from the coronavirus pandemic. The No. 2 US automaker, whose shares were down 5.2 percent, at $4.26 in afternoon …
Nissan and Honda on Tuesday said they had furloughed thousands of workers at their US operations as the coronavirus pandemic slashes demand for cars in the country. A spokesman for Honda, which employs about 18,400 workers at plants in Alabama, Indiana and Ohio, said the Japanese automaker would guarantee salaries through Sunday, having suspended operations …
