Chinese EV Maker Nio to Cut 10% of Staff Positions and May Spin Off Businesses

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

Singapore Singapore Headlines News

Singapore Singapore Latest News,Singapore Singapore Headlines

Nio Inc. said it is cutting jobs and and may spin off non-core businesses to reduce costs and improve efficiency, as the Chinese electric-vehicle maker falls way short of its sales targets and continues to post losses.

Chrysler Building Owner Under Fire as Property Empire TeetersSingapore Plans Investments Bill to Strengthen National SecuritySocGen’s Revenue, Profit Slump as Hedges Hurt French Retail UnitIsrael Latest: Blinken to Arrive as Military Encircles Gaza CityUBS Strategy, Telecom Cash Flow Eyed in European Earnings Next WeekAsia Stocks to Rise, Apple Sales Hit US Futures: Markets WrapSiemens Healthineers Weighs Options for Diagnostics ArmTurkey Inflation Unexpectedly Slows to Stay Below 62% Last...

6 million'Absolutely not': No more carve-outs when it comes to carbon pricing, Trudeau saysCanada may have entered a technical recession, early StatCan data showFiscal and monetary policy rowing in opposite directions, Macklem saysIsrael’s Russia Ties Under Strain as it Fights Iran Proxies in SyriaJapan’s Kishida Seeks to Build Defense Ties in Philippines VisitPhilippines’ Marcos Gives Up Agriculture Post, Names New HeadIsrael Latest: Hamas Is Set to Release More Foreigners From...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese Electric Truck Maker Windrose is Seeking US IPO in 2024Chinese electric truck maker Windrose Technology Inc. has started preparatory work for an initial public offering in the US next year as it plans the commercial roll out of its first vehicle.
Source: BNNBloomberg - 🏆 83. / 50 Read more »