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If the deal goes through, the merged group has the potential to deliver revenue of 30 trillion yen ($191.4 billion) and operating profit of more than 3 trillion yen, Honda CEO Toshihiro Mibe said. Discussions are set to conclude in June 2025. Nissan’s strategic partner, Mitsubishi, has been offered the chance to join the new …
Volkswagen to shut three factories, axe jobs and cut pay by 10%, says union The German carmaker Volkswagen is planning to shut at least three factories in its home country, lay off thousands of workers and cut pay by 10%, according to the company’s union. The deeper-than-expected cuts come as the company faces weak sales …
via Yahoo: ““In light of this assessment, we will not be participating in the Big Game this year,” they added. The Jeep manufacturer is the second company to make this decision. General Motors (GM) said in November that it would nix advertising during the big game, according to Reuters. The outlet also reported that Stellantis …
via Natural News: Earlier in October, several car manufacturer executives acknowledged that their ambitious electric vehicle (EV) plans are in jeopardy, at least in the near term, Business Insider reported. Dealers have been warning of slowing EV demand, growing inventory and dropping sales for months. Several of the auto bigwigs at some of the biggest carmakers expressed discomfort …