Tag: cost-cutting

Musk Picks Up the Axe Again, Cuts Sales Staff in Major U.S. Markets

<img data-attachment-id="1534969" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2017/03/TeslaStoryModelX-1b.jpg" data-orig-size="2880,1920" data-comments-opened="1" data-image-meta="{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"0","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1"}" data-image-title="tesla model x" data-image-description=" Image: Tesla Motors ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/03/TeslaStoryModelX-1b-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/03/TeslaStoryModelX-1b-610×407.jpg” class=”aligncenter wp-image-1534969 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/03/TeslaStoryModelX-1b-610×407.jpg” alt=”tesla model x, Image: Tesla Motors” width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/03/TeslaStoryModelX-1b-610×407.jpg 610w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/03/TeslaStoryModelX-1b-75×50.jpg 75w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/03/TeslaStoryModelX-1b-450×300.jpg 450w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/03/TeslaStoryModelX-1b-768×512.jpg 768w, https://www.thetruthaboutcars.com/wp-content/uploads/2017/03/TeslaStoryModelX-1b-120×80.jpg 120w” sizes=”(max-width: 610px) 100vw, 610px”> The torturous wait to learn if Tesla’s job cuts would come to […]

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Report: Cost-conscious Ford to Slash Russian Operations

<img data-attachment-id="1595358" data-permalink data-orig-file="https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/2018-Ford-EcoSport.jpg" data-orig-size="610,407" data-comments-opened="1" data-image-meta="{"aperture":"10","credit":"","camera":"Canon EOS 5D Mark IV","caption":"Ford EcoSport packs all of its features and style into a vehicle that is nearly a foot-and-a-half shorter than Ford Escape.","created_timestamp":"1475676119","copyright":"","focal_length":"88","iso":"100","shutter_speed":"15","title":"Ford EcoSport","orientation":"1"}" data-image-title="2018 Ford EcoSport" data-image-description=" Image: Ford ” data-medium-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/2018-Ford-EcoSport-450×300.jpg” data-large-file=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/2018-Ford-EcoSport-610×407.jpg” class=”aligncenter wp-image-1595358 size-large” src=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/2018-Ford-EcoSport-610×407.jpg” alt=”2018 Ford EcoSport – Image: Ford” width=”610″ height=”407″ srcset=”https://www.thetruthaboutcars.com/wp-content/uploads/2017/10/2018-Ford-EcoSport.jpg 610w, […]

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Jaguar’s Sexy XF Sportbrake Looks Doomed in the U.S. As Brand Enters Triage Mode

The American public’s rapid conversion to the Church of Crossover caught longtime car peddler Jaguar off guard, forcing the British brand to mull desperate measures to stay profitable. And not just in this market, either. Jaguar is currently an anchor for Jaguar Land Rover, dragging the automaker’s finances into the red, and Indian parent Tata […]

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As Ford Starts Trimming Down South, a Familiar-looking Truck Will Have to Die

Ford’s attempt at streamlining its global business is already well underway in Europe and the United States, but those regions aren’t the only locales to see cuts. Announced Tuesday, Ford Motor Company will bring the axe down in South America. Brazil, once home to Henry Ford’s utopian rubber town, stands to lose local production of […]

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GM Begins Axing 4,000 Salaried Workers

Last Friday’s whisperings of a “Black Monday” panned out, with General Motors announcing the elimination of roughly 4,000 salaried workers — part of a preexisting pledge to reduce its North American workforce by 15 percent. Pink slips are in the process of being handed out, an unwanted delivery that should take two weeks to complete. […]

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Report: ‘Black Monday’ Looms for GM Employees

General Motors’ cost-cutting plan could hit home in a big way for salaried employees next week. While the automaker has already begun cutting its salaried workforce, part of a broader streamlining push that includes plant closures and model discontinuations, sources claim Monday could bring widespread pink slip action. According to two sources who spoke to […]

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Tata Motors: Seriously, We’re Totally Not Interested in Dropping Jaguar Land Rover

It apparently needed to be said. As forces conspire against it, Indian auto conglomerate Tata Motors decided to pour cold water on rumors that it’s mulling a sell-off of Jaguar Land Rover, or perhaps some part of it. Sure, there’s many troubles facing its British subsidiary, not least of which is the hazy future promised […]

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Barra Sends Renovators Packing As Cost-cutting Drive Continues

General Motors won’t move ahead with a planned expansion of its Warren, Michigan design center, nor will its Pontiac propulsion center get the makeover GM once favored. While a shiny new parking garage became a reality before CEO Mary Barra’s aggressive cost-cutting program could kibosh it, the automaker’s planned workforce reduction might render many of […]

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