Nissan and its Spanish unions have agreed to reduce headcount at the Japanese carmaker's Barcelona plant by about a third, to 2,800 employees, as part of a wider restructuring plan leading up to 2012.
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Nissan will cuts the workforce at its at its Barcelona plant in Spain by about a third to 2,800 as part of a business plan leading up to 2012.
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UK auto and aircraft supplier GKN unveiled another 2,400 jobs cuts today as a softening in its civil aerospace market added to previous woes in the automotive sector.
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UK auto and aircraft supplier GKN said today that its pretax profits fell 35 percent in 2008, but recent cost-cutting and job-shedding had left it on a financially sound footing.
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Skoda has temporarily stopped production the first-generation Octavia at its plant in Vrchlabi, Czech Republic. The plant should start making the car again early next month, said Skoda spokesman Jaroslav Cerny.
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Skoda has temporarily stopped production the first-generation Octavia at its plant in Vrchlabi, Czech Republic. The plant should start making the car again early next month, said Skoda spokesman Jaroslav Cerny.
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Nissan Motor Co. said today it was on track to reverse some of its production cuts in Japan in March as inventory levels come under control, although it said vehicle sales remained weak and unpredictable.
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Volkswagen plans to double its vehicle sales in the Greater China area to 2 million units by 2018.
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Nissan Motor said today it was on track to reverse some of its production cuts in Japan in March as inventory levels come under control, although it said vehicle sales remained weak and unpredictable.
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Kia Motors is considering issuing bonds with warrants to shore up its balance sheet amid the global credit crisis, a senior company executive said today.
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Renault CEO Carlos Ghosn said he did not expect many tie-up deals in the industry until the financial environment had stabilized.
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The Nano minicar will finally go on sale in April after months of delay caused by problems at its main production plant In India, Tata Motors said today. The Nano is slated to be the world's cheapest car at under $2,000.
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Kia Motors is considering issuing bonds with warrants to shore up its balance sheet amid the global credit crisis, a senior company executive said today.
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Kia Motors is considering issuing bonds with warrants to shore up its balance sheet amid the global credit crisis, a senior company executive said today.
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Nissan Motor said today it was on track to reverse some of its production cuts in Japan in March as inventory levels come under control, although it said vehicle sales remained weak and unpredictable.
Full story...
Nissan Motor said today it was on track to reverse some of its production cuts in Japan in March as inventory levels come under control, although it said vehicle sales remained weak and unpredictable.
Full story...
The Nano minicar will finally go on sale in April after months of delay caused by problems at its main production plant In India, Tata Motors said today. The Nano is slated to be the world's cheapest car at under $2,000
Full story...
Renault CEO Carlos Ghosn said he did not expect many tie-up deals in the industry until the financial environment had stabilized.
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Saab is negotiating with the Swedish government over a loan guarantee of 500 million euros ($637 million), Saab chairman Jan-Ake Jonsson said.
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Robert Bosch LLC on Wednesday named Tim Frasier as regional president of its automotive electronics business activities in North America.
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