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    • By Drew Dowdell
      Rumor has it that that Nissan is about to report that its first-quarter profit fell by nearly 90%. Nissan has yet to recover from the financial scandal caused by Carlos Ghosn.  Additionally, years of chasing volume over profits in the U.S. has damaged the brand, requiring heavy discount and cheap financing to move metal. Investors are also worried that the alliance with Renault is breaking down.  Friction with France's Renault over the failed merger with Fiat-Chrysler Automobiles has brought tensions between the two companies to an all-time high.
      Reports are that due to the falling profits, Nissan will be cutting up to 10,000 jobs, primarily in Asia and South America.  In doing so, Nissan would join the ranks of Mercedes-Benz, Ford, Honda, and others with global layoffs in the five digit range. Nissan/Infiniti sales in the US are down 8.9 percent year to date as of June. 

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    • By Drew Dowdell
      Rumor has it that that Nissan is about to report that its first-quarter profit fell by nearly 90%. Nissan has yet to recover from the financial scandal caused by Carlos Ghosn.  Additionally, years of chasing volume over profits in the U.S. has damaged the brand, requiring heavy discount and cheap financing to move metal. Investors are also worried that the alliance with Renault is breaking down.  Friction with France's Renault over the failed merger with Fiat-Chrysler Automobiles has brought tensions between the two companies to an all-time high.
      Reports are that due to the falling profits, Nissan will be cutting up to 10,000 jobs, primarily in Asia and South America.  In doing so, Nissan would join the ranks of Mercedes-Benz, Ford, Honda, and others with global layoffs in the five digit range. Nissan/Infiniti sales in the US are down 8.9 percent year to date as of June. 
    • By Drew Dowdell
      Ford of Europe announced Thursday that the company would be laying off around 12,000 employees as part of a global restructuring.  This is on top of the layoffs Ford previously announced earlier this year.  Ford says it will reduce the number of plants in the region to 18 and reorganize its business into three divisions; Commercial, Passenger, and Imports such as the Ford Mustang.
      Most of the positions in Europe will be eliminated via voluntary separation programs and should be completed by the end of 2020. Of the jobs lost, 2,000 will be salary and another 5,000 will be white color positions. 
      Ford is struggling to make its European operations profitable against a backdrop of stagnant sales in the EU.  Ford of Europe says that in future, all new vehicles will come with an electrified version, be that a full EV or a hybrid. 
       
    • By Drew Dowdell
      Ford of Europe announced Thursday that the company would be laying off around 12,000 employees as part of a global restructuring.  This is on top of the layoffs Ford previously announced earlier this year.  Ford says it will reduce the number of plants in the region to 18 and reorganize its business into three divisions; Commercial, Passenger, and Imports such as the Ford Mustang.
      Most of the positions in Europe will be eliminated via voluntary separation programs and should be completed by the end of 2020. Of the jobs lost, 2,000 will be salary and another 5,000 will be white color positions. 
      Ford is struggling to make its European operations profitable against a backdrop of stagnant sales in the EU.  Ford of Europe says that in future, all new vehicles will come with an electrified version, be that a full EV or a hybrid. 
       

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    • By Drew Dowdell
      Ford's operations in Europe books a 351€ billion loss for 2018 in contrast to a 324€ billion profit the year prior.  Already in the midst of a major restructuring, Ford has now announced job cuts in Germany and the UK.
      Ford employs roughly 24,000 people in Germany with expectations to lower that by 5,000 to 19,000 total. Most of the cuts are expected to come from voluntary redundancies and early retirement.   Ford aims to make the cuts "in the most socially responsible way possible."
      In addition to the German job loses, another 1,150 employees will lose their positions in the UK. 
      Ford has already shuttered an assembly plant in France and cut its vehicle lineup. 
      Ford's moves follow that of Honda which is closing its plant in Swindon, Nissan which is reducing output in Sunderland, Infiniti leaving Western Europe and Volkswagen laying off 7,000 workers.

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