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Zacks News
Diverse Companies Join Forces to Fight Coronavirus Menace
by Payal Jalan
Nervousness related to the coronavirus outbreak is visible across the economies worldwide. Amid the pandemic, many corporates have come together to help contain the outbreak.
Ford (F) in Focus: Stock Moves 8.9% Higher
by Zacks Equity Research
Ford (F) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.
Ford (F) Unites With 3M & GE Healthcare to Combat Coronavirus
by Zacks Equity Research
Ford (F) will leverage its manufacturing and engineering resources to increase the production of medical equipment and materials for healthcare staff, first responders and COVID-19 patients.
US Steel Imports Drop in February, Coronavirus Casts a Shadow
by Anindya Barman
The lethal coronavirus outbreak is slowing down recovery of the U.S. steel industry.
Conglomerates Accelerate Efforts to Fight Coronavirus Menace
by Avisekh Bhattacharjee
Several industrial conglomerates including General Electric (GE), Honeywell (HON), Danaher (DHR) and 3M (MMM) are increasing steps to mitigate the effects of the coronavirus menace.
Join the Wall Street Rally With Industrial ETFs
by Sanghamitra Saha
The industrial sector contributed to the colossal rally at Wall Street on Mar 24 on the hopes of deal wins and a slew of good news from the space.
3M (MMM) Collaborates With Ford to Combat Coronavirus Crisis
by Zacks Equity Research
3M (MMM) partners with Ford to increase the production of powered air purifying respirators in its bid to contribute toward the fight against the coronavirus pandemic.
Automakers Pull 2020 View as Coronavirus-Led Uncertainty Rises
by Rimmi Singhi
Coronavirus-induced uncertainty compels various automakers to scrap full-year 2020 guidance as they brace themselves for a bumpy road ahead.
General Motors (GM) Suspends '20 Outlook on Coronavirus Scare
by Zacks Equity Research
General Motors (GM) intends to drawdown approximately $16 billion from its revolving credit facilities to deal with the downturn caused by shutdowns in production the amid COVID-19 scare.
Ford Suspends Production at IMG Sites on Coronavirus Scare
by Zacks Equity Research
Ford (F) temporarily suspends vehicle and engine production at its manufacturing sites in India, Vietnam, Thailand and South Africa amid coronavirus concerns.
Navistar Temporarily Closes Ohio Plant, Withdraws '20 View
by Zacks Equity Research
Navistar (NAV) withdraws 2020 guidance in response to disruptions in the company's supply chain due to the pandemic-led crisis.
Auto Bigwigs Shift Gears to Ventilators Amid Coronavirus Woes
by Rimmi Singhi
As ventilator makers scramble to meet demand, auto biggies like General Motors, Tesla and others are lending a hand in the fight against COVID-19 pandemic.
Coronavirus Bumps Up Grocery Stores Stocks: 3 Best Bets
by Zacks Equity Research
Panic buying food products and groceries from supermarkets coupled with online order placements perks up related stocks amid the market downturn.
Auto Stock Roundup: Disruptions Galore as Coronavirus Cripples the Sector
by Zacks Equity Research
Amid uncertainty due to COVID-19 pandemic, the auto industry is reeling under factory closures, dividend suspensions and guidance withdrawal.
Sabre to Cut Salary, Suspend Dividend Amid Coronavirus Mayhem
by Zacks Equity Research
Sabre (SABR) announces multiple preemptive measures, including pay cuts, and suspension of dividend and share-buyback programs, to preserve cash and improve liquidity.
Ventilator Stocks Next Big Thing in Coronavirus-Hit Market?
by Urmimala Biswas
Tesla's Elon Musk holds discussion regarding ventilators production with Medtronic, likely to set foot in the ventilator-manufacturing space.
Coronavirus Bumps Up Grocery Stores Stocks: 4 Best Bets
by Manaswita Ghosh Dutta
"Panic buying" food products and groceries from supermarkets coupled with online order placements perks up related stocks amid the market downturn.
Ford (F) Taps Brakes on Dividend Payout, Withdraws '20 View
by Zacks Equity Research
Ford (F) plans to borrow $13.4 billion under corporate credit facility and an additional $2 billion under supplemental credit facility.
Company News for Mar 20, 2020
by Zacks Equity Research
Companies In The News Are: F, AAL, CCL, DPZ.
Ford Suspends Dividend Amid Coronavirus: Will Others Follow?
by Rimmi Singhi
Given the dreary scenario, many companies might be prompted to slash or suspend payouts in a bid to conserve cash.
The Zacks Analyst Blog Highlights: General Motors, Ford, Honda Motor, Toyota Motor and Volkswagen AG
by Zacks Equity Research
The Zacks Analyst Blog Highlights: General Motors, Ford, Honda Motor, Toyota Motor and Volkswagen AG
Automakers Put Brakes on US Production Amid Coronavirus Scare
by Zacks Equity Research
Automakers need to brace up for a prolonged period of weakness, with sales likely to face the heat at least till the first half of this year.
Coronavirus Wrecks Europe Auto Industry: Rough Road Ahead
by Rimmi Singhi
While European carmakers like Volkswagen and BMW are already warning a difficult year ahead, there are concerns about sustained economic impacts.
Ford's Chicago Plant Shut Temporarily Over Coronavirus Scare
by Zacks Equity Research
Also, Ford (F) temporarily suspends vehicle and engine productions at its manufacturing sites in continental Europe to prevent the spread of Coronavirus.
Coronavirus to Deal a Mighty Blow to U.S. Auto Industry
by Rimmi Singhi
With a great deal of uncertainty over the state of the economy, consumers are likely to put off car purchases, which is anticipated to impact earnings and sales of auto companies.