Former XPO Executive to Become Next Postmaster General
A Republican fundraiser and political donor from North Carolina who also worked as an executive at XPO Logistics will be the next postmaster general.
May 7, 2020Detroit Automakers Look to Restart North America Plants May 18
Major U.S. automakers are planning to reopen North American factories within two weeks, potentially putting thousands of workers back on the assembly line as part of a gradual return to normality.
May 5, 2020Trump Unveils Phased Approach to Reopening Economy
New White House guidelines outline a phased approach to restoring normal commerce and services, but only for places with strong testing and seeing a decrease in COVID-19 cases.
April 16, 2020Renault to Close Main China Business, Will Focus on Electrics
BEIJING — Renault SA said April 14 it will shut down its main China business and focus on electric and commercial vehicles.
April 14, 202016.8 Million Americans Unemployed as Economic Toll of COVID-19 Rises
The coronavirus outbreak has thrown at least 16.8 million Americans onto the unemployment rolls in just three weeks, underscoring the terrifying speed with which the crisis has brought world economies to a near standstill.
April 9, 2020Nissan Recalls More Than 250,000 Vehicles to Replace Takata Air Bags
Nissan is recalling more than a quarter-million SUVs, trucks and vans worldwide to replace potentially dangerous Takata air bag inflators.
April 2, 2020US Unemployment Claims Hit 6.6 Million, Competition Mounts for Masks
The economic damage from the coronavirus crisis piled up as an unprecedented 6.6 million Americans filed for unemployment benefits in a single week, and the competition for masks and other protective gear intensified amid growing evidence that people who are infected but have no symptoms can spread the virus.
April 2, 2020China’s Manufacturing Rebounds as Virus Controls Ease
China’s manufacturing rebounded in March as authorities relaxed anti-disease controls and allowed factories to reopen, an official survey showed March 30, but an industry group warned the economy has yet to fully recover.
March 31, 2020Detroit Auto Show Canceled
The North American International Auto Show said that it will cancel its Detroit show because of the coronavirus pandemic and the center where it is held will likely be repurposed into a hospital.
March 29, 2020Trump Signs $2.2 Trillion Stimulus After Swift Congressional Votes
WASHINGTON — President Donald Trump signed an unprecedented $2.2 trillion economic rescue package into law March 27, after swift and near-unanimous action by Congress that will support businesses, rush resources to overburdened health care providers and help struggling families during the deepening coronavirus epidemic.
March 27, 2020