Nissan shares slump after plan to slash jobs, production By: Reuters | Updated on: 09 Nov 2024, 10:05 AM Nissan faces criticism for its hybrid strategy, with analysts highlighting overreliance on EVs. Following drastic job cuts and a profit forecast downg … Nissan faces criticism for its hybrid strategy, with analysts highlighting overreliance on EVs. … Read more
Tata Motors misses Q2 profit estimates over weak sales, expects festive turnaround By: Ayush Chakraborty | Updated on: 09 Nov 2024, 16:27 PM Tata Motors misses analyst estimates for its Q2 profits amid weaknesses in both its luxury brand Jaguar Land Rover and domestic sales. The carmaker ex … Tata Motors misses analyst estimates for … Read more
VW labour chief sounds alarm on mass layoffs and three German plant closures Europe’s biggest carmaker has been negotiating for weeks with unions over plans to revamp its business and cut costs, including considering plant closures on home soil for the first time, in a blow to Germany’s industrial prowess. Volkswagen reiterated on Monday that … Read more