Transport Topics
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Navistar International Corp. announced it is broadening its temporary suspension in manufacturing operations, and Allison Transmission Holdings Inc. announced it has temporarily suspended production at select manufacturing facilities.
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Independent engine maker Cummins Inc. announced it slashed CEO pay by 50%, cut compensation for directors by 25% and lowered salaries for all other employees in the United States by 10% and 25% — and reduced working hours in response to the impact of COVID-19.
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A recordlong streak of U.S. job growth ended suddenly in March after nearly a decade as employers cut 701,000 jobs because of the viral outbreak that has all but shut down the U.S. economy.
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Daimler AG announced it extended its credit line and increased its financial flexibility with a $12.94 billion loan.
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