Automakers

Volvo reports record first-half results; warns chip crisis will hit hard in H2

Volvo_XC40_Recharge
(Volvo)
July 23, 2021 08:34 AM

Volvo Cars said on Friday it had the best half-year sales and operating profit in the company's 94-year history, but the automaker warned the ongoing shortage of microchips would negatively affect its results in the second half.

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How Ivan Espinosa’s shock therapy aims to restart Nissan ‘heartbeat’

Nissan's sweeping restructuring plan unveiled by new CEO Ivan Espinosa came just six weeks after he was tapped to do what his predecessor couldn’t: Make hard decisions, deep cuts. Now Espinosa seems to be taking a page in radical reform from another non-Japanese Nissan leader who headed up a similarly ambitious revival 25 years ago, Carlos Ghosn.

How Ivan Espinosa’s shock therapy aims to restart Nissan ‘heartbeat’
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