, Nissan to brave $4.5 billion annual net loss as pandemic hits restructuring plans
Nissan Motor Co. is struggling with slumping new car sales amid the novel coronavirus pandemic. The Japanese automaker announced on Tuesday it expects to make an annual operating loss for a second straight year. It issued forecast for the full fiscal year ending March 2021, saying it expects revenue of ¥7.8 trillion ($74 billion) – down 21% – and a net loss of ¥670 billion ($6.4 billion).
, Auto companies gear up to help manufacture masks and ventilators
Whether you want to stay up-to-date on the latest business news, read in-depth CEO interviews, or find new ideas on leadership, management and innovation, …
, Industry Leaders: Top Women in Automotive Industry
Historically the automotive industry has been dominated by men, but things are slowly but surely changing. Two women are heading leading auto brand, which …
, Silicon Valley will re-charge the Auto Industry
Artificial Intelligence is to the 21st century what Coal was to the 20th century. It tackles one of the biggest and most intriguing questions: …
, The Most Futuristic Electric Car Concepts at the Frankfurt Motor Show 2017
The Frankfurt Motor Show officially known as the International Motor Show or IAA is indicative of how the auto industry will look like in …
, For Auto Industry Leaders, Profits Remain Stuck in Second Gear
Ford Motor Co is reducing 10 percent of its workforce. General Motors Co has shut down operations in major, emerging markets. Volkswagen is gearing …
, Ford tests 3-D Printing for Cost-effective Manufacturing of Car Parts
Ford has announced today that it will be the first automobile company to test new techniques of 3-D printing for building car parts. This …
, Ford Motor Co. announces investment plans for its plug-in hybrid car, C-MAX Energi
Ford Motor Co. announced on Monday it will invest 11.4 billion Yuan ($1.8 billion) over the coming five years in China, where its sales …
, Smart Driving Assistant Comes To Android With Crash Alerts And Do Not Disturb Features
In the past, only iphone users were able to integrate their Automatic dongles with their handsets, but now it seems that Automatic, the Smart …
, Brazil does not plan new incentives for automakers
Brazil does not plan to offer new incentives for automakers, but the government has not stopped taking steps to boost the competitiveness of other industries, Trade and Industry Minister Fernando Pimentel said in an interview.Last week Brazil announced a series of tax breaks and promoted credit to help struggling manufacturers and to speed up the country’s weak economic recovery.
, US Auto Industry Steps into the Fast Lane Despite High Gas Prices
Auto industry in the US has been recovering and shifting its track to the fast lane. Even with gas prices at nearly $4, smaller cars like the Nissan Versa, Ford Focus and Fiat 500 flew off dealer lots in March, and have been giving car makers their best monthly sales in almost five years.
, BMW Races Ahead Of Audi With New 3 Series
Latest automotive news from the constantly changing auto industry reveals stiff competition between auto industry greats BMW and Audi. One of the all-time favorite auto trends, the Audi A-4, now faces some serious threats from the tweaked BMW 3-series.
