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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.
Coventry University MA Degree Show 2006
Fri, 15 Dec 2006MA students from UK's Coventry University Automotive Design course presented their annual MA degree exhibition earlier this month. The Show, entitled 'Icons', which this year revolved around the central theme of designing tomorrows automotive 'Icons', displayed the students' work at Coventry's Transport Museum. Patrick le Quement, Renault's senior vice president of Corporate Design presented the Corus Award for 'Best Vehicle Design', which was awarded to Dev O'Nion who won for his design concept 'Apto Sapor.' O'Nion's project - an interior design concept - was inspired by organic themes in nature - what he called 'Natural Design' - to create a harmonious interior; a blend of the natural, biological and technical.
Hyundai ponders second U.S. plant
Mon, 17 Jan 2011As a lack of production capacity restrains its growth, Hyundai will consider a second U.S. assembly plant. "That's something that we're going to look at," Hyundai Motor America CEO John Krafcik said last week at the Detroit auto show.