Officials at complete
carmakers said, however, the tarnished reputation is more important than the cost itself.
The move by Renault, which owns a 43% stake in Nissan, denies the Japanese
carmaker's proposal, as it needs the two-thirds majority to pass.
"The 14th salary has also been bargained in the collective agreement over the years, with the so-called Christmas bonus being paid at the end of the year and amounting to up to 100 percent, depending on the number of years an employee has worked for the company," the
carmaker added, as quoted by SITA.At the same time, staffers will receive a bonus, which amounted to an average of Pound 1,630 last year, for positive economic results.
Proton chairman Datuk Seri Syed Faisal Albar, who paid tribute to Dr Mahathir for the
carmaker's success, said the company hopes to expand its international footprint and Pakistan, with its low motoring rate, would be a good market.
Although the
carmaker witnessed strong demand for its models in the first half of 2018, rising interest rates, depreciation of the rupee and rising import costs put volumes under pressure in the second half of the year, weighing on overall growth.
BMW AG is revving up to enter China's sizable ride-hailing market in December amid a growing trend of traditional
carmakers opting for diversified revenue streams.
Tougher rules could push some
carmakers out of business due to the pace of reforms required to shift production to electric cars and to tackle new geopolitical threats, said Diess.
That's the essential reason why BMW and other German
carmakers have decided to leave EV battery production to Chinese, Japanese and Korean suppliers.
All of which means Facebook will remain brand neutral when it comes to
carmaker alliances.
But these developments are expensive:
Carmakers' R&D budgets jumped 61%, to $137 billion from 2010 to 2014.
Elsewhere, Chinese
carmaker Geely, which owns the London Taxi Company, will also invest a further PS50 million to enhance its research capabilities and launch a new fleet of zero-emissioncapable black cabs.
The leading Chinese
carmaker, which was set up in 1997, based in Wuhu, Anhui Province, China.
