Penda Corp. and Durakon Industries Inc. plan to merge into a single company under the Penda name that will be headquartered in Portage, WI. The new company will operate three business units; one of which will supply auto makers with thermoformed components, such as the cargo management systems for the Chevrolet Avalanche and Honda Ridgeline pickup trucks. Visteon Corp. shifts 2,050 salaried employees to a 4-day work week and cuts their pay 20% in response to deteriorating market ...

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