Tesla Model Y HW4 Infotainment System Has Half the RAM and Storage of an HW3 Unit
7 Aug 2023, 08:15 UTC · By: Cristian Agatie / Tesla implemented more cost-cutting measures with the Hardware 4 computer on the Model Y, as teardown reveals it has half the RAM and memory capacity
Nissan Fires 1,200 Workers in the UK
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / Japanese automaker Nissan today announced that will cut approximately 1,200 jobs in the United Kingdom, as part of its plan to counteract the economic downturn. The new cost-cutting measure will onl...
ArvinMeritor Cuts Salaries by 5 to 10 Percent
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / ArvinMeritor, a Michigan-based part supplier, has just announced that it plans to cut salaries by 10 and 5 percent for approximately 100 senior executives and 1,700 white-collar workers, respectivel...
Toyota Idles Japanese Plants for 11 Days
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The financial recession is surely one of the most popular news subjects nowadays since reports about struggling automakers continue to come on a daily basis. Today's piece of news concerns Toyo...
Toyota Reduces Its Operating Loss in Europe
11 May 2010, 14:13 UTC · By: Dan Mihalascu / Toyota Motor Europe managed to drastically lower its operating loss through aggressive cost cutting despite a sharp sales decline in the fiscal year ending in March, according to the Automotive News...
Yamaha Thinks Cost-Cutting and Closures
15 Feb 2010, 13:32 UTC · By: Alina Dumitrache / Last year, Japanese manufacturer Yamaha experienced a 28.1 percent drop in revenues. According to officials at Yamaha, the economic slump brought a decrease in sales of motorcycles and marine produc...
Ford Ready for New Cost Cutting Measures
17 Sep 2009, 09:02 UTC · By: Bogdan Popa / Ford is the only member of the Detroit 3 group that hasn't asked for financial support from the United States and the company says the first signs of recovery are already appearing. Obviously, ...
Teams to Cut Jobs in 2010 - Cost Reduction Plan
18 Aug 2009, 09:11 UTC · By: Ovidiu Panzariu / Although the details of the new cost-cutting regulations for the 2010 Formula One season are currently being guarded very carefully by the Formula One Teams Association (FOTA), some of them have lea...
GM to Fire 1,600 US Workers This Week
21 Apr 2009, 15:30 UTC · By: Bogdan Popa / General Motors continues its fight for survival and today announced that as part of its attempt to reduce workforce and save costs, around 1,600 workers will be fired this week. The plan was announc...
Holden Moves to Single Shift
3 Apr 2009, 14:26 UTC · By: Daniel Patrascu / In an effort to preserve jobs, GM Holden will go for a single shift - two crew operation system starting May the 4th at its Elizabeth plant in South Australia. The move is also meant on resizing pro...
General Motors to Slash Workforce by 10,000 Employees
10 Feb 2009, 15:18 UTC · By: Bogdan Popa / General Motors today announced that it decided to reduce salaried employment globally by 10,000 workers to 63,000 by the end of the year as part of the company's plans to cut costs and countera...
GM Said to Plan to Further Cuts
7 Feb 2009, 14:31 UTC · By: Daniel Patrascu / The March 31st deadline has apparently pushed GM into a money saving frenzy. In their attempts to raise more money and create a more feasible plan for survival, it would appear that the company is p...
Japan to Reduce Car Production by Three Million Units
28 Jan 2009, 11:22 UTC · By: Bogdan Popa / Even though Japanese automakers are obviously in better shape than their American rivals, the country's top 12 companies may be forced to apply significant job cuts, as part of their attempt to...
Honda to Cut Production in the US and Japan
27 Jan 2009, 11:20 UTC · By: Bogdan Popa / Unfortunately for the automotive industry, the fight against the economic recession continues with even more cost-cutting measures. This time the anti-recession move concerns Honda, the Japanese aut...
Toyota to Cut 1,000 Full-Time Jobs
23 Jan 2009, 15:35 UTC · By: Bogdan Popa / After reporting that the financial year ending in March may bring the first ever operating loss, Toyota is getting ready for even tougher times. The Japanese carmaker is considering a 1,000 full-tim...
Cerberus to Axe 10 Percent of its Workforce
23 Jan 2009, 08:23 UTC · By: Bogdan Popa / We all know that Chrysler faces one of the toughest times in its history but even so, reports concerning its parent company Cerberus Capital Management made the headlines fairly rare. Unfortunately ...
Toyota Announces Major Production Cut in February-April
20 Jan 2009, 15:29 UTC · By: Bogdan Popa / The difficult market conditions and the economic recession that are continuously hammering sales of most carmakers is now forcing Toyota Motor Corporation to apply a new cost-cutting measure, this t...
Renault's Dacia Idles Plant for Two Weeks
14 Jan 2009, 11:28 UTC · By: Bogdan Popa / Renault's Romanian brand Dacia is again fighting against the global economic crisis with a cost-cutting measure, this time a two-week production halt that will occur between January 26 and Febr...