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Nissan to slash jobs, production after forecasting $2.9 billion loss
Mon, 09 Feb 2009Reversing 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.
Roush unveils new versions of high-performance Mustangs
Wed, 18 Mar 2009Roush is synonymous with go-fast Mustangs, and on Wednesday, the company unveiled its latest--and potentially greatest--steeds, based on the 2010 Ford Mustang. Roush will offer three versions at launch, topped by the 435-hp 427R Mustang. Prices will range from $34,847 for the Stage 1 model to a starting price of $43,051 for the 427R.
Lexus LF-Lc concept car (2012) first official pictures
Wed, 04 Jan 2012Now it's official. After the leaked images of the Lexus LF-Lc broke early before Christmas, today Lexus issues more official photos of its SC-alike concept car. The LF-Lc will be shown at the 2012 Detroit auto show, aka the North American International Auto Show, which kicks off next week.