Hyundai Motor Dismisses Its Entire Engine Development Center on Way to Electrification
28 Dec 2021, 15:58 UTC · By: Cristian Agatie / Hyundai goes through a significant reorganization and now the company reportedly closed the entire engine development center at its R&D headquarters in Namyang
Tesla to Show 9 Percent of Its Workforce the Door
13 Jun 2018, 06:46 UTC · By: Daniel Patrascu / Elon Musk made public the email he sent to Tesla employees confirming the company's restructuring and the layoff of 9 percent of the staff.
Ford to Trim Nameplates
28 Sep 2010, 08:45 UTC · By: Daniel Patrascu / American manufacturer Ford, caught in a constant reorganization of its operations, is currently considering lowering the number of nameplates it has in its portfolio. Part of the One Ford strategy, ...
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...
Court Approves Visteon $150M Restructuring
13 Nov 2009, 14:52 UTC · By: Daniel Patrascu / Bankrupt American supplier Visteon announced today it has received court approval for a $150 million worth of deals which will allow it to restructure its operations and get financing for its reorga...
Chrysler on Jim Press' Departure Rumor: No Comment
27 Aug 2009, 17:35 UTC · By: Daniel Patrascu / American manufacturer Chrysler declined to comment on recent reports saying the company's current CEO, Jim Press, will take his leave by the end of this year. Shawn Morgan, Chrysler's corp...
Ironhorse Motorcycles Enters Liquidation Sale
13 Jul 2009, 14:16 UTC · By: Alina Dumitrache / Considered by some the largest manufacturer of custom motorcycles, American Ironhorse reached a turning point, taking the next step in Chapter 11 Bankruptcy, a liquidation sale to be held this week....
Saab Officially Files for Reorganization
20 Feb 2009, 10:01 UTC · By: Bogdan Popa / General Motors has just announced that its Swedish brand Saab will file for reorganization under a Swedish court process in order to become an independent company suitable for investment. In essence...