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Nissan to slash jobs, production after forecasting $2.9 billion loss
Mon, 09 Feb 2009Reversing 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.
BMW to develop small hybrid with Peugeot Citroen
Tue, 19 Oct 2010BMW are developing a small hybrid with Hybrids may be just a passing fad, but that’s not stopping car makers piling in to them in droves to battle CO2 and emissions targets. For BMW, their hybrid foray has so far been limited to the top end of their range, but that is set to change. We already know that BMW are developing a small, front wheel drive range which will sit underneath the current 1-Series, and it’s for these cars – and possibly for MINI too – that BMW has embarked on a partnership agreement with PSA (Peugeot Citroen) to jointly develop a small hybrid.
SAIC merges with Nanjing
Fri, 28 Dec 2007By Keith Adams Motor Industry 28 December 2007 15:27 Is the Chinese car industry learning to rationalise? Absolutely. In order to attack world markets, China’s government and its largest automotive players have been getting cute. There’s a rush to merge or combine in order to compete in international markets.
