Nissan is set to close its Barcelona plant as it consolidates its European manufacturing operations in Sunderland as part of cost-saving measures designed to achieve a 5% profit margin within four years.
PSA Group has reported record H1 profitability on the same day that Aston Martin suffered a share price slump, Daimler revealed Q2 losses and reports suggest mass job cuts could be on the cards at Nissan.
Nissan Motor GB has appointed Kalyana Sivagnanam as its new managing director four months after the announcement that his predecessor Alex Smith would replace Paul Willis as Volkswagen Group UK managing director.
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