• Nissan plans further job cuts

    • July 25, 2019
    • Posted by: Simon Wait
    • Category: Industry News
    Vehicle, Manufacturer, Marque, maker, OEM
    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 [...]
    read more

  • Peugeot S.A. board propose European transform

    • July 23, 2019
    • Posted by: Simon Wait
    • Category: Industry News
    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. [...]
    read more

  • Volvo Cars Tech investments in two Israeli start-ups

    • July 22, 2019
    • Posted by: Simon Wait
    • Category: Industry News
    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 [...]
    read more

  • IBIS Türkiye – back for 2019

    • July 22, 2019
    • Posted by: Salih Tahir
    • Category: IBIS News
    International Bodyshop Industry Symposium is delighted that it will be making a return to Turkey on 23 October 2019. This one-day conference aimed at key decision makers and influencers in the Turkish collision repair market will take place at the Wyndham Grand Istanbul Levent hotel, conveniently located in the ÖzdilekPark Istanbul Shopping Mall. As always, [...]
    read more

  • Volvo reports record revenue

    • July 18, 2019
    • Posted by: Simon Wait
    • Category: Industry News
    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 [...]
    read more