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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.

Skoda Fabia (2006): first official pictures

By Tim Pollard First Official Pictures 12 December 2006 11:30 Skoda Fabia: the lowdown The Skoda Fabia is growing up. The second generation of the supermini will roll into UK showrooms in May 2007 – and Skoda promises it’s bigger, better equipped and safer than before. The new Fabia is less wacky looking than the cut ’n’ shut Roomster mini-MPV, but shares that car’s new family face, framed by large swept-back headlamps and a prominent grille.

Mercedes-Benz hooks up with Europcar for its courtesy cars

Mercedes partner with Europcar for courtesy cars Providing courtesy cars for customers is something of a pain for car makers. Customers expect a courtesy car when they come in for repair or service or after an accident, and that’s not easy to manage. So car makers partner with car hire firms to make the whole thing work and, usually, know they can put a customer in a courtesy car whenever it’s needed.