downturn

Hot on the wheels heels of Toyota slashing its recently amended profit forecast by another 90%, Hyundai and Kia have cut their sales forecasts by 12.5% and told managers there'll be no extra fat in their paychecks this year. The combined company predicted ...

For white collar workers that still work at the Ford Motor Company: congratulations, you've officially made the cut. Ford's President of the Americas, Mark Fields, announced at a media event that the Blue Oval has successfully achieved its targeted cuts, at least for now. Fields told reporters that ...