Industrial materials maker DuPont, known for making paint for automobile industry, said on Tuesday its second-quarter would be the “low point” of the year as the COVID-19 pandemic slams the brakes on global vehicle sales, hurting the company’s automotive business. The industrial giant is heavily exposed to the auto industry, which was hard-hit by the U.S.-China trade war even before lockdowns imposed to arrest the spread of the virus emptied roads and shuttered car showrooms. The company said it recorded a low-to-mid-teens percentage fall in April sales from last year’s levels. “As we…
Read MoreDuPont sees a tough second quarter as auto sales fall
