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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.

Hyundai ix20 (2010) first official teaser sketch

Hyundai is the latest car manufacturer to join the mini-MPV party, with the upcoming ix20, and ahead of its preview at the Paris motor show at the end of this month, the Korean company has released this teaser sketch. Designed and developed at Hyundai’s European research and development centre in Rüsselsheim, Germany, the ix20 is essentially Hyundai’s version of sister firm Kia’s Venga.  Hyundai would have you believe it’s a little bit of both – the ‘ix’ moniker has been chosen to suggest its cross-over like capability. The Korean manufacturer says the ix20 is ‘a vehicle with the ability to simultaneously serve as a functional people-carrier while providing a dynamic, fun-to-drive experience’; the Venga has shown that it’s a capable and competent, if unexciting, small MPV.

James Bond's Aston Martin to light up London

With little more than a week to go, RM Auctions is gearing up for its fourth-annual Automobiles of London event. It's set for Oct. 27, with preview times beginning on Oct.