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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.
Volkswagen to add compact four-door coupe to its lineup
Fri, 16 Mar 2012Volkswagen has hatched plans for a second four-door “coupe” model as part of a strategy to shore up its North American and Chinese market shares while providing a suitable addition to its European lineup. To be positioned underneath the recently facelifted CC, the new four-seater is set to form part of the Jetta lineup, joining successors to today's sedan and wagon models in an expanded three-model range. They're all set to hail from Volkswagen's Puebla plant in Mexico, the same site responsible for the newly launched second-generation Beetle.
McLaren 12C Can-Am at Pebble Beach
Wed, 15 Aug 2012A (currently) one-off McLaren MP4-12C – the McLaren 12C Can-Am – is heading for Pebble Beach, previewing a track-day MP4-12C. The McLaren MP4-12C is a one-off track-focused MP4-12C, developed by the same McLaren GT team which developed the MP4-12C GT3 race car, and its heading for Pebble Beach this month to tempt US track-day enthusiasts. Developed without the constraints of a racing series, the 12C Can-Am is based on the GT3 car and adds a new aerodynamic package – which improves downforce by 30 per cent – with a carbon fibre splitter with little winglets atop, a huge rear tray of a spoiler and a carbon fibre diffuser.