Volvo Car Group, which has been forced to idle plants in China, the U.S. and Europe, scaled back financial guidance for the full year, warning that sales, earnings and cash flow in the first half of 2020 would decline from a year ago as the coronavirus pandemic weighs on business.
Yoichi Yokozawa, who led the unit in 2011-14, will assume the role once travel restrictions to the U.S. are lifted. Diaz departs after two years at the North American helm.
Charli XCX is a huge fan of Lady Gaga’s ‘Stupid Love.’ She revealed to ‘The Fader’ that it’s her favorite Gaga song in a while.
Fiat Chrysler said the new credit, negotiated at a time when carmakers are idling plants, losing revenue and raising cash as demand slumps in the wake of the coronavirus, will be used for general corporate purposes and working capital.
The company did not respond to inquiries concerning how many employees face the cut. The company employed roughly 1,300 non-plant salaried employees in the U.S. in November.