Sectors News Results

  • Factories Close for Good as Coronavirus Cuts Demand

    Factory furloughs across the U.S. are becoming permanent shutdowns, a sign of the heavy damage the coronavirus pandemic is exerting on the industrial economy. Makers of dishware in North Carolina, furniture foam in Oregon and cutting boards in Michigan are among the companies closing factories in recent weeks. Caterpillar Inc. (CAT) said it is considering closing plants in Germany, and boat-and-motorcycle-maker Polaris Inc. (PII) plans to close a plant in Syracuse, Ind., and tire maker...

  • Auto-Parts Suppliers Teeter as Car Production Halts

    With U.S. car factories idled because of the new coronavirus, the disruptions are falling hard on the nation's auto-parts suppliers, some of which are already showing signs of distress. Unlike the bigger, well-capitalized car companies, the thousands of parts firms that feed the industry's global supply chain operate closer to the edge with less of a cash cushion and with contract orders that still need to be filled, say executives, consultants and industry lawyers.

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