According to a report here in Washington, survey done basing oil and gas company executives, many are seeing the future cars running on renewable energy.Renewable energy sources include air, water, solar energy and wood. Their collection cost is more than the fossil fuel, which has an indirect cost. Also, the fossil fuel has an issue Read more
If you are thinking that electronics’ makers sailing smooth despite economic downturn, you need to think again at least the revision of profit forecast from Panasonic seems to suggest so. The company has slashed its profit forecasts by 40% for the present fiscal year. Panasonic was expecting to make 560b yen in the current fiscal Read more
High value of the yen and intense decline in the US car market became the cause of 41% fall in Nissan half-year profits. Nissan made a net profit of 126bn yen between April and September, while it was 212bn yen a year earlier. There was an overall 4.7% rise in sales, but in the US Read more
Because of an industry-wide slowdown in sales, the French carmaker Renault announces 6,000 job cuts. According to Renault, about 4,900 jobs would be cut in France while the number would go 1,100 in other European countries. However, a severe reaction has been shown by the French unions to the news and CGT union has called Read more