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Philips cuts 6,000 more jobs after sleep device recall
Philips cuts 6,000 more jobs after sleep device recall
by  AFP

Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after fresh losses caused by a massive recall of faulty sleep respirators. Philips announced a global recall in 2021 of its appliances to treat people suffering from sleep apnoea.

Renault to reduce stake in Nissan, rebalancing alliance
Renault to reduce stake in Nissan, rebalancing alliance
by  AFP

French automaker Renault will slash its stake in partner Nissan as part of a deal rebalancing the rocky alliance between the two companies, the Japanese firm said Monday. Renault will reduce its stake from 43.4 percent to 15 percent, the same size as Nissan's stake in its French counterpart, as part of a broad agreement reshaping relations between the firms, Nissan said in a statement.

Toyota top-selling automaker for third year running
Toyota top-selling automaker for third year running
by  AFP

Japan's Toyota was the world's top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday. Mio Kato, an analyst at Lightstream Research who publishes on Smartkarma, told AFP that Toyota was likely to keep its top-selling crown in the near term.

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