Renault Restructuring by French carmaker comes as Covid-19 crisis hits manufacturing Coronavirus – latest updates See all our coronavirus coverage Employees wearing protective face masks work on a Renault assembly line in France. Photograph: Gonzalo Fuentes/Reuters The French carmaker Renault plans to cut 14,600 jobs as it aims to save €2bn (£1.8bn) in one of… Continue reading Renault to cut 14,600 jobs as part of €2bn cost-saving plan
Tag: Renault
Renault plans 17.5% production cut to save £1.8bn by 2024
Renault has laid out plans to implement 14,600 job cuts as it reduces its global vehicle production output by 17.5% in a bid to save £1.8 billion by 2024. A day after Alliance partner Nissan announced the transformation of its global manufacturing operations and an accompanying reduction in its model range, Renault revealed similar steps… Continue reading Renault plans 17.5% production cut to save £1.8bn by 2024
@Mitsubishi: Mitsubishi Motors Announces Production, Sales and Export Figures for April 2020
TOKYO, May 28, 2020 – (JCN Newswire) – Mitsubishi Motors has announced a summary of production, sales, and export figures for April 2020. (1) Beginning fiscal 2012, locally branded models produced in China, which to date had been included in the output figure for China, are now excluded (2) Includes imports to Japan Summary: April… Continue reading @Mitsubishi: Mitsubishi Motors Announces Production, Sales and Export Figures for April 2020
Renault prepares for 15,000 job cuts
Struggling French carmaker Renault is said to be planning 15,000 job cuts around the world as it tries to contain losses amid the pandemic. The move comes as the virus deepens the challenges facing the firm, which saw its first annual loss in a decade last year. The company, which has pledged to cut costs… Continue reading Renault prepares for 15,000 job cuts
Renault poised to announce 15,000 layoffs worldwide: union
FILE PHOTO: A logo of Renault carmaker is pictured at a dealership in Nantes, France, May 26, 2020. REUTERS/Stephane Mahe PARIS (Reuters) – French car maker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a turnaround plan to cope with slumping demand and excess costs, a representative for the CFDT… Continue reading Renault poised to announce 15,000 layoffs worldwide: union
Nissan reports $6.2bn annual net loss, worst in 20 years
TOKYO — Nissan Motor has posted a net loss of 671 billion yen ($6.2 billion) for the year ended in March as the new coronavirus outbreak devastated sales and the carmaker started a big restructuring to cut costs. The annual financial result exceeds the company’s net loss of 233 billion yen for the 12 months… Continue reading Nissan reports $6.2bn annual net loss, worst in 20 years
Nissan to resume US production on Monday
TOKYO — Nissan Motor will begin restarting operations at its U.S. plants on Monday, a move that comes three weeks after Japanese rivals Toyota Motor and Honda Motor resumed North American production. A vehicle assembly plant in Canton, Mississippi, will resume production on Monday, per Nissan’s reopening plan, with one in Smyrna, Tennessee, to follow… Continue reading Nissan to resume US production on Monday
GROUPE RENAULT : Nissan contribution to Renault’s Q1 2020 earnings
May 28th, 2020Nissan contributes -€3,573 million for first quarter 2020 to Renault’s earningsNissan released today its results for the fourth quarter of fiscal year 2019/2020 (April 1st, 2019 to March 31th, 2020).Nissan’s results, published in Japanese accounting standards, for the fourth quarter of fiscal year 2019/2020 (January 1st to March 31th, 2020) will have a… Continue reading GROUPE RENAULT : Nissan contribution to Renault’s Q1 2020 earnings
Exclusive: Nissan settles dispute with Indian state over unpaid dues – sources
NEW DELHI/CHENNAI (Reuters) – Nissan Motor Co (7201.T) has agreed to settle a long-running dispute with the Indian state of Tamil Nadu after claiming it was owed 50 billion rupees ($660 million) in unpaid dues and damages, six sources told Reuters. FILE PHOTO: Nissan Motor’s logo is pictured at its headquarters in Yokohama, Japan February… Continue reading Exclusive: Nissan settles dispute with Indian state over unpaid dues – sources
Nissan’s Sunderland factory safe but plant in Barcelona will close
Nissan Carmaker seeks to ‘improve efficiency’ at UK plant and will reduce worldwide spending Coronavirus – latest updates See all our coronavirus coverage Tyres are burned during a protest in front of the Nissan factory in Barcelona, which is going to close. Photograph: Andreu Dalmau/EPA Nissan has confirmed it will not close its Sunderland manufacturing… Continue reading Nissan’s Sunderland factory safe but plant in Barcelona will close