Marelli plans to open bulkhead plant in Ohio
Plant construction is expected to be completed by early 2021. Production for the first bulkhead program will begin in May 2022.
Disney Cruise Line cancels all cruises through end of July
Disney Cruise Line won’t sail again until at least July 31 after announcing another round of cruise cancellations amid the coronavirus pandemic.
NADA chief Peter Welch to retire at end of year
For the balance of 2020, Welch, 67, said he will help guide U.S. dealers through the coronavirus pandemic and help the association’s board pick a successor.
Fiat Chrysler plans to issue $1 billion bond, report says
The automaker will likely issue a bond worth between $814 million to $1.1 billion by the end of month to repay the first part of a loan obtained in March, Bloomberg reported. A successful sale would signal a vote of confidence despite the uncertainty caused by the pandemic.
VW slows Wolfsburg output amid tepid European demand
The automaker will temporarily halt two assembly lines at its home plant as consumer demand for new cars remains weak.