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Bentley will return to top-level motorsport
Fri, 12 Aug 2011Bentley will return to top-level motorsport, new chief executive Wolfgang Durheimer has revealed. Bentley pulled out of racing after its 2001-2003 stint at Le Mans, culminating in an outright win in its last year at the 24-hour race. But Durheimer, who was previously Porsche's R&D chief and who now runs the Volkswagen Group's entire motorsport division, is keen that Bentley will return to the track and revive Crewe's long and storied motorsport history.
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.
SRT Viper production halted amid slow sales
Wed, 19 Mar 2014Chrysler has made the decision to suspend production of the SRT Viper for a least two months, citing slow sales. The move is expected to result in layoffs of 91 hourly workers at Chrysler's Conner Avenue Assembly plant in Detroit. Back in October of 2013, Chrysler cut Viper production by a third, citing slow sales and growing inventories.