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Nissan to slash jobs, production after forecasting $2.9 billion loss

Reversing 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.

Now the Germans say no to Volvo

As we’ve reported in the last few weeks, Ford has been trying its best to offload Volvo, the last of its ‘Prestige’ Euro marques. The Chinese looked to be the best bet, but it seems that that is going nowhere at the moment (the Chinese are probably waiting for Ford to get in to an even deeper mess with the hope of picking up Volvo for peanuts) and now its seems that Ford’s fire-sale has drawn more blanks. Now the Germans turn down the chance to own Volvo Der Spiegel reports that Daimler (Mercedes-Benz) boss Dieter Zetsche has revealed that Daimler has turned down the chance to buy Volvo, and has also revealed that BMW has had a good look, and reached the same decision.

Alfa Romeo 8C GTA & Alfa MiTo GTA Spied

The Alfa Romeo MiTo GTA & Alfa Romeo 8C GTA Spied Through the early part of last year we were convinced Alfa Romeo were going to launch a halo version of that cracking little car the MiTo, and bring the GTA badge out of the history box at the same time to create the Alfa MiTo GTA. Blimey, we not only managed to report details of the MiTo GTA but even had a video from Alfa of the MiTo GTA concept running around. But that all seemed to go out of the window when reports started flying round the car world last July that the Alfa MiTo GTA was dead and the hottest we’d get was the Alfa Romeo MiTo Quadrifoglio, although on both occasions we expressed the belief – probably more in hope than expectation – that Alfa would give us the MiTo GTA.