MSM: Possible Toyota job cuts as auto crisis rolls

(Reuters) – A warning of unprecedented staff cuts at Toyota, the world’s biggest auto maker, and word of a possible first quarter loss by Volkswagen piled fresh pressure on struggling car manufacturers on Friday.

MSM: European car industry ‘faces collapse’

Europe’s car industry faces collapse without rapid intervention from EU governments, Carlos Ghosn, Renault’s chief executive, warned today.

Warnings of deep recession as US layoffs spread coast-to-coast

Dozens of mass layoffs have been announced by American employers, both private and public, in recent days. The impact of the downturn has begun to spread well beyond the imploding financial sector and such depressed industries as automobiles, to the economy as a whole.