General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets.
Tag: International
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Harley-Davidson keeps 2017 forecast unchanged, shares fall
US motorcycle maker Harley-Davidson kept its 2017 outlook unchanged despite its first-quarter shipments hitting the high end of its forecast. The Milwaukee-based company's shares were down 5.5 per cent at USD 56.15 in premarket trading.
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Volkswagen plans to scrap bonuses
Volkswagen plans to scrap bonus payments for members of its supervisory board, it said, the latest sign of belt-tightening as the German carmaker grapples with the cost of its emissions scandal.
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Hiroto Saikawa appointed as Nissan Chief Executive Officer
Japanese carmaker Nissan appointed Hiroto Saikawa as the Chief Executive Officer effective from April 1, 2017 on the recommendation of Carlos Ghosn.
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Mercedes-Benz redesigns its global product range
Mercedes-Benz designers have restyled its global product range of upcoming compact class generation and has revealed the first indication of the "Aesthetics A" sculpture.
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Bosch posts slide in 2016 profits on investments in e-mobility
German car parts maker Bosch reported a slide in profits for 2016 as it invested in the development of products for connected and electric vehicles.
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Tata JLR fined GBP 900,000
Tata Motors-owned Jaguar Land Rover (JLR) was fined 900,000 pounds after a worker lost his leg in an accident, described as "completely avoidable" by the court, at one of the company's UK factories nearly two years ago.
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Tax relief for Swedish firms: Volvo likely to benefit
India has allowed Swedish companies relief from tax payments for upto five years if they have applied for settlement of their tax disputes through the mutual agreement procedure (MAP).
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Ford Motor expands use of Amazon’s Alexa personal assistant in its vehicles
Ford Motor Co is expanding the use of Amazon.com Inc's Alexa personal assistant in its vehicles to allow drivers to talk to their cars - demanding anything from a nearby cheeseburger to a weather forecast - marking a leap by the Detroit automaker to incorporate a technology initially targeted for home use.
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Tesla Motors starts battery cell production
Electric car maker Tesla Motors Inc has started mass production of lithium-ion battery cells at its gigafactory in Nevada along with Japan's Panasonic Corp, the company said.
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