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Nissan to slash jobs, production after forecasting $2.9 billion loss

Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode on Monday. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back model launches and delay new factories.

New Renault Twingo revealed ahead of Geneva 2014 debut

Renault claims to have revolutionised the city car segment just over 20 years ago with the original Twingo – a small, cheap and frugal car that was great for punting around the back streets of Paris. For 2014 the Renault Twingo is back – and how, with the new third-gen car sporting some clever and innovative features. Volkswagen, SEAT and Skoda, watch out: there’s a new urban runabout in town.

Jaguar Heritage Museum gets re-launched

The Jaguar Heritage Museum has been re-launched and opens for visitors on 20th July Mike O’Driscoll is Chairman of the Jaguar Heritage Trust – as well as heading up Jaguar in the UK. He said: “The collection is an important part of Jaguar’s heritage and allows members of the public and Jaguar enthusiasts from around the world to view the famous cars. The structure of the museum has been re-designed so that visitors will gain a greater understanding of the fantastic racing history of our brand.