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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.

BMW M5 & M6 M Performance upgrades released

BMW M5 & M6 (pictured) M Performance upgrades released Many would think that the BMW M5 and BMW M6 come with everything you could possible need. But BMW want to tempts M5 and M6 buyers with a range of M Performance upgrades to help them make their new performance BMW more individual, and divest them of a sizeable chunk of cash in the process. The new M Performance upgrades are also to capitalise on Martin Tomczyk’s success in the DTM Series, and as he’s now out and about in an M6 Gran Coupe this all fits very well.

GM considers flagship sedan for Cadillac

Cadillac is considering a large, flagship sedan to take on the Mercedes-Benz S-class and BMW 7-series, a top General Motors official says. Mark Reuss, GM's president for North America, told Automotive News last month that a new flagship is on the table as GM maps its go-global strategy for Cadillac. A flagship would be a continuation of how GM has been positioning Cadillac's lineup to go head-to-head in each segment with BMW, Mercedes and Audi.