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AUTOMAKER PAY CUTS
INSIGHT-How Honda's old guard tried, and failed, to oust its CEOHonda is encountering significant disputes as a faction of retired executives pushes for the removal of CEO Toshihiro Mibe. Citing his fail...- US companies, shamed by Trump, tiptoe into $166 billion tariff refund raceAfter a landmark Supreme Court ruling, U.S. businesses are strategically striving to salvage billions in refunds from now-invalid tariffs. ...
- Deloitte India could lead professional services space soon: Romal ShettyDeloitte India’s leadership believes that the future of professional services will extend beyond traditional offerings to solutions, platfo...
- US Stocks end lower on mounting inflation worriesU.S. stocks declined Friday as rising crude prices fueled global inflation fears, pushing Treasury yields higher and making equities less a...
- US stocks today: Dow Jones crashes 500 points on mounting inflation worriesU.S. stocks pulled back from record highs as rising crude oil prices and surging Treasury yields triggered fresh inflation concerns. The se...
- BYD car discounts show China’s EV price war is getting worseChina's car market faces fierce price competition. BYD and rivals are increasing discounts despite government calls to stop. This intense r...
- Elon Musk scorned "shady" loopholes, yet offshore tax tricks likely saved Tesla hundreds of millionsTesla has reportedly saved over 400 million dollars on US taxes. This was achieved through a financial maneuver involving its units in the ...
- Lessons learned in 70s have made US, world economies less vulnerable to oil shocksThe world economy is experiencing a significant oil price surge reminiscent of the 1970s. However, countries are now better prepared. Decad...
- Haryana hikes wages after unrest; auto sector faces cost pressureHaryana has increased minimum wages by 35 percent for unskilled workers. This decision follows factory protests and work boycotts by labour...
- Luxury carmakers' gold-leafed Gulf profits are under threat from Iran warLuxury carmakers face a significant challenge as the Middle East market, vital for high profits, is under threat. Regional conflict has led...
- Volkswagen union warns against plant closures, backs $1.6 billion cost cutsThe proposal comes a day ahead of a third round of crunch talks between workers and management over pay cuts and factory shutdowns in Germa...
- Nissan to axe 9,000 jobs, cut production on weak China, US salesNissan Motor announced cost-saving measures on Thursday, including 9,000 job cuts and a 20% reduction in global production capacity. The au...
- Toyota slashes bonuses for managers by 20 per centToyota is slashing bonus pay for managers as the Japanese automaker tackles a massive recall in the US and deep losses for the second strai...
- Honda to cut North America production, salaries: ReportThe Japanese automaker Honda has said it will further cut North American production and salaries amid plunging car sales, The Wall Street J...
- GM to trim 10,000 jobs globally, reduce white-collar pay by 10%General Motors Corp, the largest US automaker, will cut 10,000 salaried jobs globally and reduce pay for other US white-collar workers by a...
- General Motors to cut 10,000 salaried jobsThe pay of US executive employees will be cut by 10%, while other salaried workers will see cuts of 3% to 7%. GM's all-time top sellers | 1...
- Toyota mulls cutting 1,000 full-time jobs: ReportToyota Motor is considering cutting more than 1000 full-time jobs in N America and UK to cope with faltering global demand.
- Chrysler, Ford idle factories, GM delays new plantChrysler announced it is closing all its North American manufacturing plants for at least a month, the starkest move taken by US automakers...
- Big Auto braces for bailout discussions with US CongressDetroit's automakers, making a second bid for $25 bn in govt funding, are presenting Cong with plans to restructure their ailing companies ...
- GM may abandon Saturn, Pontiac, Saab for govt aidGeneral Motors, working to cut costs to win $12 billion in government loans, is studying whether to shed its Saturn, Saab and Pontiac brand...
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