CAAM to trim 2019 sales estimates to 5% fall

Source: Dukascopy Bank SA
China's largest car industry association reduced this year's sales estimates to a 5% drop YOY to 26.68M cars amid slowing economic growth, expecting sales to drop for another year running, CAAM stated on Thursday.
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Thu, 25 Jul 2019 17:02:18 GMT

Nike considers Hurley surfwear brand sale

The world's biggest sportswear maker Nike is considering options for its Hurley International surfwear brand, including its potential divestment, as such brands are losing their appeal within non-surfing consumers.

Thu, 25 Jul 2019 15:24:08 GMT

Nissan to trim 12.5K jobs amid crisis

Nissan Motor has revealed its biggest plan on restructuring in a decade, cutting 12.5K job positions globally and flagging potential plant shutdowns to control its costs that increased during Carlos Ghosn being a CEO.

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