Porsche deals with important strategic modifications because Volkswagen Group operates within an industry that is expanding quickly. Further cost-cutting measures at Porsche will become effective through employee downsizing that aims to reduce the workforce to 2,000 employees by 2029 while the industry encounters fluctuating demand and economic instability. It is not only Porsche’s problem to reduce jobs, but it is...
Scout, the newly established off-road vehicle brand owned by the Volkswagen Group, is not a stranger to legal troubles, even if the first car, the Terra pickup, is not even expected this year. Some have led to major legal cases because of the company’s direct to consumer business model targeting car dealerships. These legal cases present the potential to have...
Contrary to expectation, two prominent auto manufacturers from Japan, Honda and Nissan, have deferred a plan on presenting measures for a likely merger. The carmakers had earlier planned to announce the output in early January, but the process is likely to begin in mid-February. This decision comes as Honda intensifies its consideration of Nissan’s restructuring plan, which has become a...
The two automobile manufacturers, Honda and Nissan, have at last embarked towards a new dawn. As was expected for a long time, it is a fact now – they have entered into the signing of a memorandum of understanding, or MOU, with the aim of finding out how they can merge their operations into one new holding company. This important...
This announcement came as a total surprise and will make the main subject of a special press conference this afternoon. This isn't all, Luca Cordero di Montezemolo will resign from his position at Fiat SpA but will remain chairman of Ferrari. After Luca Cordero di Montezemolo will have signed off his position at Fiat he will most likely be replaced...
