cost cuts
Coverage of cost cuts in the Nexus archive.
- VW’s Overhaul Puts Truckmaker Stake in Focus as Sell-Down Looms
Volkswagen AG is implementing cost cuts that are affecting truckmaker Traton SE. As a result, the German company is preparing to reduce its majority stake in the business, which is currently valued at €16.6 billion ($19.1 billion).
- Nissan swings to its first quarterly profit in two years as cost cuts take hold
Nissan reported a ¥3.8 billion net profit for the April–June quarter, marking its first quarterly profit in two years and reversing a ¥115.8 billion loss from the same period a year earlier. The turnaround is attributed to cost-cutting measures.
- Engie Raises Full-Year Profit Outlook Amid Market Volatility
French utility Engie SA raised its full-year profit forecast due to energy market volatility from the war in the Middle East and cost-cutting measures, which offset a profit decline in the first half of the year.
- BMW Cost Cuts, New Models Underpin Carmaking Returns
BMW AG's second-quarter carmaking profit exceeded expectations due to cost reductions and strong demand for new models.