Report: Nissan Recovery Plan to Slash Sales Targets, Capacity

Being in dire financial straights as it is, no one expected Nissan’s revised restructuring plan, due out next month, to call for Global Domination In All Fields. Ghosn is ghone. Regardless, after the rapid expansion and sudden contraction seen over the past decade, it’s still a bit jarring to hear that Nissan’s plan reportedly calls for a significant cut to its sales volume and manufacturing capacity.

More so than previously planned, it seems.

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Blame China: Jaguar Land Rover Layoffs Won't Be Exclusive to Europe

On Thursday, Jaguar Land Rover was reported to be in the midst of a plan that would eventually lay off roughly 10 percent of its UK workforce — roughly 4,500 employees. Considering the company has been forced to endure waning demand for sedans and just about everything with a diesel engine, a bit of restructuring was inevitable. Especially since everyone else is doing it at the moment.

However, JLR’s layoffs won’t be exclusive to Europe, as initially presumed. Despite the vast majority of its workforce residing in the United Kingdom, a small portion of its American staff will likely feel the impact, too.

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Detroit Three Contribute $26M To Detroit Grand Bargain Fundraiser

As part of the overall strategy of lifting Detroit out of bankruptcy, the Detroit Three have signed on to provide the Detroit Institute of Arts with a $26 million contribution to be distributed over the next 20 years.

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New PSA Boss Tavares Prepares To Rebuild Company

Though PSA Peugeot Citroen secured funding in a three-way deal between itself, the French government and Dongfeng, new boss and former Renault COO Carlos Tavares has a hard road ahead of him as he rebuilds the ailing automaker.

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  • FreedMike I guess some folks are just bound and determined to drive around with a grenade in their steering wheel.
  • FreedMike Bit dear, but these might have collector appeal, particularly one with 20,000 miles (assuming that's not a doctored figure) that hasn't had the full "whip" treatment.
  • Adam4562 I have Bluetooth in my car , the name comes up and I answer . It goes through the speaker. I’ll text on a stop sign or red light . If it’s really urgent hill pull over .
  • Dukeisduke I'll pick up my phone and look at a text or something else while at a red light, but when the light turns green, the phone gets put down.
  • Dukeisduke Haven't some cars been recalled multiple times (replacement airbags being recalled).