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The reporting of the Japanese automaker Nissan at the end of last year showed weak sales of Infiniti cars in the European market, which caused the company’s decision to withdraw this brand from the Western European market in early 2020. The United States and China will remain the main markets for this brand, where it is popular. Nissan also announced plans to produce an Infiniti electric car, as well as an intention to stop assembling Infiniti cars at its largest factory in Sunderland in the UK, leading to the dismissal of about 250 employees. The company also plans to move the X-Trail SUV assembly from this plant to Japan. According to official data, in 2018 car production in the UK decreased by 9%.
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
Japanese car manufacturers Toyota (TM), Nissan (NSANY), and Honda (HMC) announced on Tuesday that they would gradually resume operations in Mexico as the country’s automobile industry reboots are in line with a more extensive economic ...
Nissan Motor Co. is gearing itself into cutting $2.8 billion of its annual fixed costs as part of a restructuring effort. News titan Bloomberg had reported the matter on Wednesday as the company prepares for a sales drop that further compromises ...
Nissan Motor Co. on Tuesday said it is expecting to post its annual operating loss in 11 years. The automaker has been met with challenges as dwindling demand for cars continued due to the COVID-19 pandemic. With the sharp decline in sales, ...
Oil prices fell on Thursday alongside major markets as U.S. President Donald Trump implemented a travel ban on Europe, after the World Health Organization declared the ICOVID-19 outbreak as a pandemic. Investor worries were doubled by an overflow ...
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