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Nissan to slash jobs, production after forecasting $2.9 billion loss

Reversing his profit forecast to a loss, Nissan Motor Co. CEO Carlos Ghosn entered crisis mode on Monday. Ghosn announced plans to slash 20,000 jobs, cut production by 20 percent, scale back model launches and delay new factories.

Lotus gets a new boss – former Citroen Peugeot President Jean-Marc Gales

Jean-Marc Gales left) new Lotus CEO with Aslam Farikullah Following the debacle of Dany Bahar’s grandiose plans to turn Lotus in to a cross between Aston Martin and Ferrari, owners DRB-HICOM/Proton have been busy trying to get ship Lotus back on an even keel. That started with the appointment of engineer Aslam Farikullah as chief operating officer at Lotus when Bahar got his marching orders, and he’s been busy for the last two years bolting Lotus back together, cutting costs, improving quality and increasing sales. Now, it looks like Lotus are readying themselves for the next stage of their recovery – which will include new models – as former PSA president Jean-Marc Gales is appointed as Lotus CEO to work with Aslam Farikullah.

'Snake & Mongoose' movie review

There's another great motorsports rivalry being celebrated cinematically this month -- while "Rush" grabs all the global headlines, the drag racing biopic "Snake & Mongoose" has all the same elements that drove Lauda and Hunt -- minus the world stage. Hard to believe, but professional drag racing wasn't always a glamorous, high-budget affair with corporate hospitality suites and top drivers flying to races in private jets. "Snake & Mongoose" takes us back to an era when drivers needed that $500 win money to buy gas to get to the next race -- and held grudges against track owners who only paid $400.