Senate Majority Leader Mitch McConnell unveiled a massive stimulus plan that provides as much as $208 billion in loans or loan guarantees to businesses hurt by the coronavirus. It would permit the federal government to take equity stakes in companies that receive loan assistance.
The package includes financial incentives, relaxed performance objectives and loan payment relief. It is similar to dealer-focused plans instituted by Nissan, Mercedes-Benz and other automakers.
Both automakers said they aim to resume production in the week of April 20 as they take steps to slow the spread of the coronavirus.
The halt, which affects four plants, runs from March 26 until April 14 as Volvo joins other automakers in stopping production to help slow the spread of the coronavirus.
Construction work has come to a stop on Walt Disney Co. projects, as Central Florida’s routine flow of development is being scaled back significantly, according to a report in GrowthSpotter.