Volkswagen to shed 30,000 jobs

The company said the job cuts are part of a long-term plan to improve profitability and shift resources and investment to electric-powered vehicles and digital services Volkswagen announced plans on Friday to cut 30,000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to … Continue reading Volkswagen to shed 30,000 jobs

Toshiba’s memory chips yield surprise gold mine

YUKIHIRO OMOTO, Nikkei staff writer   TOKYO -- Toshiba's earnings report Friday far exceeded expectations thanks to the soaring prices of smartphone memory chips. But the company's lack of diversification threatens to stymie a full recovery from last year's accounting scandal. A pleasant surprise "We never thought Chinese smartphones would increase memory capacities this much," … Continue reading Toshiba’s memory chips yield surprise gold mine

Car Manufacturing – Mitsubishi shifts Renault-Nissan towards global No. 1 spot

  PARIS — With the addition of Mitsubishi Motors, the Renault-Nissan alliance is closing in on the level of 10 million vehicles sold per year as automakers vie for the title of biggest manufacturer. Carlos Ghosn, who engineered the turnaround of Nissan which he has managed along with Renault since 2005, insists that while the … Continue reading Car Manufacturing – Mitsubishi shifts Renault-Nissan towards global No. 1 spot