VW sees China market accelerating after tough first quarter

VW China showroom 2 — A VW showroom is pictured in China. (BLOOMBERG)

By:

Bloomberg

January 16, 2023 01:11 PM

Volkswagen Group expects a recovery in China’s passenger car market growth this year once supply-chain stresses and a wave of COVID infections following the country's pandemic reopening ease.

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Nissan North America targets nearly $2 billion in cost cuts to shift out of ‘crisis mode’

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The sweeping belt-tightening effort will involve hundreds of job cuts in the U.S. and factory consolidation in Mexico.

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Urvaksh Karkaria

Nissan North America targets nearly $2 billion in cost cuts to shift out of ‘crisis mode’

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