Trucking industry parts company closes; no bankruptcy revealed
A major remanufacturer and distributor of truck drivetrain components for the trucking industry shuts down operations.
The Covid-19 pandemic had a huge influence on the auto enterprise as manufacturing vegetation stopped making vehicles in March 2020 and slowly resumed operations in May 2020 below strict social distancing and sanitation necessities..
With an absence of stock coming into automobile dealer showrooms, after two months of shuttered manufacturing vegetation, costs on the existing new vehicles elevated dramatically because the availability of vehicles and vehicles started to shrink.
What's Your Reaction?
