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Volkswagen Reduces Employee Salaries to Keep Factories Open

10 days ago

Volkswagen, one of the world's largest automotive manufacturers, has implemented salary cuts for its employees in an effort to keep its factories open amid growing financial difficulties. This news has reverberated throughout the automotive industry, as such measures can significantly affect the overall labor market and employee morale.

Major Changes at GM: Job Cuts and Proving Ground Closures

12 days ago

General Motors (GM) has announced plans to cut jobs and close several of its proving grounds in the United States. This decision comes in response to the need to reduce costs and streamline production processes amid increasing competition in the automotive market and a shift towards electric vehicles.

Price Reduction on Lexus RZ 2025: What You Need to Know?

12 days ago

Lexus has announced a significant price cut on its electric crossover RZ 2025, making it more accessible for buyers. The price reduction has caught many analysts by surprise and is seen as a response to the increasing competition in the electric vehicle market. Previously, the starting price for this model was set at $60,000, but it has now been reduced by a substantial $9,000, bringing the price of the base model down to $51,000.

Nissan Armada 2025 Prices Cut Across Trims

12 days ago

Nissan has announced a significant price reduction for various trims of its 2025 full-size SUV, the Armada. This move is intended to make the vehicle more accessible to consumers amid a growing interest in SUVs and rising fuel prices. The adjustments in trims and pricing reflect the manufacturer's effort to adapt to market changes.

Economic Analysis: Expectations on the Impact of Trump's Tax Cuts and Deregulation on Economic Growth

13 days ago

Economists from Goldman Sachs have presented their analysis of the effects of tax reforms and deregulation proposed by the Trump administration on the economic growth of the United States. In their report, they determined that these measures indeed led to an increase in GDP growth rates, but there are also negative aspects related to tariffs that could hinder economic development.

October Employment Report: Key Data Before Elections and Fed's Rate Cut Decision

19 days ago

The recently released October 2023 employment report for the United States has become a focal point for economists and analysts, as the data was presented just days ahead of the pivotal election day. This report plays a critical role in assessing the state of the nation's economy and may influence the Federal Reserve's decisions regarding interest rate changes.

Nissan Cuts Jobs and Reduces Production Amid Rising Costs and Falling Demand

23 days ago

Nissan has announced plans to cut jobs and reduce production at its plants. This decision is related to the need to adapt to market changes, rising production costs, and falling vehicle demand. Nissan has already begun the process of laying off 12,500 employees worldwide, which accounts for approximately 9% of its total workforce.

Economists Bet on More Indonesia Easing After Rate-Cut Surprise

2 months ago

The recent decision by Indonesia's central bank to cut the interest rate by 25 basis points came as a surprise to many experts and sparked discussions about potential further easing of monetary policy. This decision was made in the context of slowing economic growth and uncertainty surrounding future inflation trends in the country.

Carlyle's CEO Forecasts Three Fed Rate Cuts This Year

2 months ago

The CEO of the Carlyle Group, Cameron Harten, shared his views on the economic situation in the United States, particularly regarding the Federal Reserve's (Fed) policies. In a recent interview, he expressed confidence that the Fed would implement three cuts to the key interest rate in 2024, followed by a potential pause. Harten noted that such actions by the regulator should support economic growth and accelerate inflation to target levels.

Optimism Among Credit Market Participants Following Fed Rate Cuts

2 months ago

The recent announcement by the Federal Reserve (Fed) to lower interest rates has been positively received by credit market participants. Many believe that this decision will help stimulate lending and improve access to financial resources for businesses and consumers. Experts point out that in a low-rate environment, investors are more willing to take risks, which may lead to improvements even in sectors that have faced pressure in recent months.