Business News

Nissan and Renault retooled board structure of the world’s largest alliance

Japan’s Nissan Motor and France’s Renault retooled the board structure of the world’s largest car-making alliance and there would be no change to junior partner Mitsubishi Motors cross-shareholding agreements. – TFMNews Japan’s Nissan Motor and France’s Renault on Tuesday retooled the board structure of the world’s largest car-making alliance, putting themselves as equals after the […]

Business News

Volkswagen’s 5.9 billion euros annual savings goal may cut around 7,000 workforces

Volkswagen has ruled out compulsory layoffs until 2025, but early retirement will help the Wolfsburg, Germany-based carmaker to cut its workforces between 5,000 and 7,000 positions. By Reuters @moneycontrolcom – TFM News Volkswagen on March 13 stated it will reduce its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros […]