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Tuesday, May 12, 2020

Nissan plans $2.8 billion in cuts as part of restructuring plan: Bloomberg

Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could complicate its recovery from years of poor profitability.


from Reuters: Business News https://ift.tt/2LqxHsS

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Musk's xAI buys his social media platform X

The move could be aimed at protecting investors, who helped him buy purchase X, from losing money. from BBC News https://ift.tt/upf7MHS