Nissan to cut more than 20,000 jobs after poor 2024
Following poor results for fiscal 2024, automotive OEM Nissan will make an additional 11,000 job cuts on top of a previously announced 9,000. Read More...
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Lear Corporation reports 7% drop in Q1 revenue
Lear Corporation has announced its financial results for the first quarter of 2025, reporting a 7% decline in revenue compared to the same period last year. Read More...
Automotive revenue down for Renault in Q1
Renault Group posted steady results for the first quarter of 2025, though automotive revenue declined year-on-year. Read More...
Pecca Group partners with Zhejiang Tenchen
Automotive and aviation leather supplier Pecca Group has announced a joint venture with Zhejiang Tenchen Controls. Read More...
Mercedes-Benz reports declines in 2024
Mercedes-Benz has announced declines in its financial results for 2024 and introduced a multi-year strategy to enhance resilience and long-term performance. Read More...
Stellantis anticipates return to growth in 2025
Stellantis has announced declines in its full 2024 financial results but predicts a return to growth and profitability in 2025. Read More...
Profit growth for Schaffer Group in first half
Australian automotive leather supplier Schaffer Group has reported its financial results for the first half of the financial year. Read More...
Pecca Group achieves record profit in second quarter
Automotive and aviation leather supplier Pecca Group Berhad has reported a record-high quarterly profit for the second quarter ended December 31, 2024. Read More...
Declines for Lear Corporation in 2024 results
Automotive tier-1 supplier Lear Corporation has reported its fourth quarter and full 2024 financial results, with declines in both revenue and net income. Read More...
Muirhead launches airline seat cover service
Scottish upholstery leather maker Muirhead, part of Scottish Leather Group, has announced an integrated seat cover service for airlines. Read More...
