Business

Renault-Nissan-Mitsubishi deepen their alliance

Struggling automakers Renault, Nissan and Mitsubishi unveiled Wednesday a plan to deepen their alliance, a top global producer of cars, that only months ago seemed on the verge of breakup.

Business

Fosun buys Thomas Cook brand for £11 million

Chinese conglomerate Fosun has snapped up the Thomas Cook brand for £11 million ($14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad.

Automotive

Carmaker Volkswagen announces more job cuts

Carmaker Volkswagen will shed up to 5,000 jobs between now and the end of 2023 as part of cost-cutting to finance its transition to electric vehicles, the company said in a statement Sunday.

Business

Dutch airline KLM to cut up to 1,000 more jobs

Dutch airline KLM said on Thursday it will shed between 800 and 1,000 more jobs as the coronavirus pandemic is hitting the aviation sector for longer than expected.

Business

Virus impact puts thousands of jobs risk at Rolls-Royce

Thousands of jobs could be at risk at British aircraft engine manufacturer Rolls-Royce, which on Sunday said it was in talks with unions about the impact of the coronavirus outbreak on operations.