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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.

BMW Concept 6 Series Coupe

The BMW Concept 6 Series Coupe appears to be a thinly-veiled version of the upcoming production version, due next year. Like the current model, it retains a 2+2 coupe layout and while its exterior styling may not be as shocking as its predecessor's on its unveiling in 2003, it marks an evolution of the current BMW language. Its face has a subtly evolved kidney grille and more drawn-back headlamps.

Nissan's London taxi to be assembled in Coventry

NISSAN has announced that final assembly of its new NV200-based London taxi will take place in Coventry, contributing to a £6 million investment in a brand new facility. ADV Manufacturing will undertake the final production stage before each unit then heads for the streets of the English capital. Andy Palmer, Chief Planning Officer and Executive Vice President of Nissan Motor Corporation, revealed the news as part of his address to students at Coventry University, where he was delivering the prestigious Bugatti Lecture on the future of motoring.