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Nissan Cuts 12,500 Jobs as Net Income Falls 95%
7/25/2019Nissan Motor Co. says it will eliminate 12,500 jobs worldwide and cut its global production capacity 10% by early 2023.
VW Group Revenue, Profits Rise
7/25/2019Volkswagen AG’s retail sales slipped in April-June. But revenue and operating profits improved for the quarter and through the first half of 2019.
Tesla Cuts Quarterly Losses as Revenue Soars
7/25/2019Tesla Inc. narrowed its second-quarter loss to $408 million from $718 million last year as automotive-related revenue surged 60% to $5.4 billion.
Ford’s Net Profit Plummets 86%
7/25/2019Ford Motor Co.’s net earnings in the second quarter plunged to $148 million from $1.1 billion in the same period in 2018.
Aston Martin Cuts Sales, Investment Outlook
7/24/2019Iconic British carmaker Aston Martin Lagonda Ltd. has lowered its unit sales forecast 11%, trimmed its investment plans and is poised to cut production.
PSA’s Profits Climb 11% in First Half
7/24/2019PSA Group posted big profit gains in the first half of 2019 in spite of a dip in revenue.
GM to Build Vette V-8 Engines in New York
7/24/2019General Motors Co. will manufacture the 6.2-liter LT2 V-8 engine for the 2020 Chevrolet Corvette Stingray sports car at the company’s plant in Tonawanda, N.Y.
Toyota Aims to Cut Carbon Emissions 40% in N.A.
7/24/2019Toyota Motor Corp. hopes to lower the carbon footprint of its North America operations by 40% in three years.
Report: Dodge to Drop Grand Caravan Sooner
7/24/2019Fiat Chrysler Automobiles NV will stop making the Dodge Grand Caravan minivan next May, seven months earlier than previously planned, says AutoForecast Solutions.
Valeo’s Sales, Earnings Drop
7/24/2019Parts supplier Valeo SA reports its revenue, operating income and net profit fell in the first half of 2019 because of declining vehicle production, especially in China.