Around 1,200 jobs are going at McLaren.
The group’s applied technology, automotive and racing businesses will be hit, the company said in a statement, as the cancellation of motorsport events, the suspension of manufacturing and retail activities around the world and reduced demand for technology solutions dashed the group’s revenue generating activities.
Renault and Nissan have shelved plans for a full merger and work on their alliance, reports Reuters.
Thestruggling carmakers will this week announce mid-term restructuring plans to serve as a peace treaty designed to resolve the long-standing tensions and mend differences after Carlos Ghosn was arrested and accused of financial irregularities which he denied, when head of the two businesses.
Groupe PSA has extended its roadside assistance plan on new full electric and plug-in hybrid vehicles to eight years or 100,000 miles in line with the vehicle battery warranty for added customer assurance.
The cover is available on the latest generation of plug-in hybrid and full electric Groupe PSA vehicles, including the new Peugeot e-208 and 3008 SUV Hybrid, new Vauxhall Corsa-e, Grandland X Hybrid and Hybrid4, new DS 3 Crossback E-Tense and DS 7 Crossback E-Tense 4×4 and the new Citroën C5 Aircross Hybrid.
Citroen has unveiled a new C3 Aircross Rip Curl model.
It’s equipped with the PureTech 110 S&S engine, 6-speed manual gearbox and offers numerous standard items of equipment to make everyday life even easier – such as Citroën Connect Nav, a 7-inch touch-sensitive tablet, Mirror Screen functionality, Citroën Connect Box and automatic climate control.