Fears about job cuts at Nissan’s Sunderland plant have risen after reports emerged that the company is planning up to 10,000 job cuts around the world. This would follow losses to the workforce of 4,800 earlier in the year. It’s understood Nissan is considering this restructure following a sharp decline in operating profits of about [...]

The managing board and the supervisory board of Peugeot S.A. have decided to propose to shareholders to transform Peugeot S.A. into a European Company (Societas Europaea – SE) at the next shareholders meeting. This business structure, used by a growing number of companies in Europe, is recognised in all member states of the European Union. [...]

Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm. Both UVeye and MDGo have their headquarters in Tel Aviv, where Volvo Cars has been involved with DRIVE, a so-called ‘accelerator’ for young companies in the mobility sector, since 2017. MDGo is a [...]

Volvo Cars reported a record revenue for the first six months of 2019 of SEK 130.1bn, up from SEK122.9bn year-on-year and buoyed by the best first half-year sales performance in the company’s history. For the first six months of the year, sales amounted to a record 340,286 cars, a year-on-year increase of 7.3 per cent. During [...]

Jaguar Land Rover and Glasurit, BASF’s premium refinish paint brand, have signed an exclusive cooperation agreement that goes well beyond the industry standard. As part of the deal, Glasurit is not just JLR’s sole preferred paint partner, but will also provide dedicated programme managers to implement JLR’s body and paint programme throughout Europe. Glasurit will [...]