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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.

First Sight: Infiniti Emerg-e

It's a month before the Geneva motor show and amongst the usual pre Motor Show commotion I receive a string of cryptic emails about an Infiniti electric sports car concept. The name Emerg-e is only revealed as I drive to the secret preview at Park Royal Studios in West London to meet the big three in design – global design director Shiro Nakamura, Francois Bancon of advanced design and head of Nissan Design Europe Victor Nacif. This is clearly a critical car for Infiniti.

Electric Smart (EV) to go in to production

The Smart electric car is to go in to limited production after recent trials You won’t be surprised to learn that after Mercedes 10% stake in Tesla that it is Tesla who are to provide the batteries for the second generation Smart Electric Car. With this technology in place, the Smart EV gets a greater range, shorter charging times and better performance. The press release is big on quotes about the wonders of the Smart Electric, as you would expect.