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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.

German Grand Prix: Lewis Hamilton beats Vettel to pole

Lewis Hamilton in the Mercedes (pictured) takes pole at 2013 German Grand Prix It looks like ‘Tyre-Gate’ has been quashed before it started at the German Grand Prix, with a new tyre from Pirelli, no punctures and teams under order for minimum tyre pressures. But new tyres or not, it’s still Mercedes and Red Bull at the front of the grid, with Lewis Hamilton snatching pole position from Sebastian Vettel in the last throw of the dice in final qualifying by 0.103s. Behind Vettel was Mark Webber in the second Red Bull, followed by Kimi Raikkonen and Romain Grosjean in Lotus and Daniel Ricciardo in the Toro Rosso.

Bertone Jaguar B99: Bertone aren’t giving up

Bertone Jaguar B99 Design Gallery below The car world seemed to speak as one when they saw the the Bertone Jaguar B99 Concept we reported on just before the Geneva Motor Show. Glorious, they said. Just what a Jaguar should look like, they declared.