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Dec 3, 2024, 05:30 PM UTC

Chief Executive Reveals Why Nissan Collapse May Be Imminent as 7,000 UK Jobs Hang in the Balance

Newsletter Dec 3, 2024 Welcome to your December 3 newsletter... Nissan's Chief Executive warns of a potential collapse that could jeopardize 7000 UK jobs, while Jaguar gave a glimpse of its newest




Newsletter Dec 3, 2024
Welcome to your December 3 newsletter...

Nissan's Chief Executive warns of a potential collapse that could jeopardize 7,000 UK jobs, while Jaguar gave a glimpse of its newest EV concept amidst its controversial rebranding. Japan also shows us the 'courier' of the future via a truly impressive "conveyor-belt road" system - all these and more in today's Money Making Moves: 

In the Fast Lane of Business...

> Nissan, once a global automotive powerhouse, is facing potential collapse, threatening 7,000 UK jobs and struggling with financial mismanagement, market competition, and declining global sales. Chief Financial Officer Stephen Ma's resignation amid looming bankruptcy highlights the company's challenges, with debt projected to reach £4.4 billion by 2026. Competition from affordable Chinese EVs, particularly from BYD and other innovators, has significantly eroded Nissan's market share, exposing its failure to adapt to the hybrid and EV boom. While cost-cutting measures and potential alliances, such as one with Honda, offer some hope, the future remains uncertain for both Nissan and its Sunderland plant workers.

> Jaguar unveiled its new all-electric concept car, the "Type 00," featuring a bold, boxy design that signals a shift from the brand's sporty aesthetic as it transitions to an electric-only lineup by 2026. The announcement follows Jaguar's viral rebranding campaign, which drew criticism for abandoning the iconic Jaguar logo and showcasing a flamboyant ad without a car, sparking debate online. Despite the backlash, Jaguar defended its creative direction, emphasizing the need to redefine its brand at a premium price point and break from traditional automotive stereotypes. As the company navigates challenges in the EV market, it plans to launch a four-door GT electric vehicle next year, aiming for a range of 430 miles per charge.

> A new lawsuit accuses Apple of unlawfully monitoring employees' personal devices and iCloud accounts while restricting discussions about pay and working conditions. Filed by employee Amar Bhakta, the suit alleges that Apple requires workers to install software enabling access to personal data and enforces confidentiality policies that stifle whistleblowing and free speech. Apple denies the claims, stating they lack merit and that employees are trained on their rights to discuss workplace conditions. This case joins other legal challenges against Apple, including accusations of gender pay disparities and labor board complaints about deterring employees from addressing workplace issues publicly.

Unique Business Idea For You

A virtual fitness trainer business offers a flexible and accessible way to meet the growing demand for online exercise solutions, especially post-pandemic. With DIY at-home workouts gaining popularity, trainers can reach audiences through platforms like YouTube, Instagram, and fitness apps such as MindBody. This model allows trainers to provide diverse workout programs, catering to various fitness levels and preferences. Earnings range from $30,000 to $70,000 annually, with potential for higher income based on creative pricing and subscription models.

Side Hustle You’d Be Crazy Not to Try

Selling rare items, like vinyl records, is a great side hustle for collectors who enjoy treasure hunting. By sourcing deals from bargain bins and reselling through platforms like Discogs or online communities such as r/vinylcollectors, enthusiasts can turn their hobby into a self-sustaining venture. With sales ranging from 5 to 20 records a month, this side hustle can generate $75–$250 monthly. It’s a fun way to fund a passion while making a little extra cash on the side.

Personal Finance News

> Monique Geter, a Gen Z content creator, dedicates hours each week to finding and sharing the best deals with her Instagram followers through her page, @momoneymosavings. She is part of a growing digital couponing community that thrives on platforms like Instagram, TikTok, and retailer apps, offering modern alternatives to traditional newspaper couponing. Retailers are adapting to this trend by creating digital tools and apps to promote deals, which influencers use to guide shoppers amid ongoing inflation. Despite challenges like lower coupon values and rising prices, the appeal of saving money continues to drive both influencers and their audiences to engage with the evolving world of online couponing. For the best couponing deals, click here

> Japan plans to address its truck driver shortage by constructing a revolutionary "conveyor-belt road" system between Tokyo and Osaka, aiming to enhance logistics efficiency and reduce carbon emissions. The ¥3.7 trillion project will feature automated transportation of containers, replacing 25,000 truck drivers' daily work, with trials set for 2027–2028 and full operation by the mid-2030s. This initiative is critical as Japan faces a 36% truck driver shortfall by 2030, potentially causing significant economic losses due to undelivered cargo. While the system promises transformative benefits, human drivers will still be needed for last-mile deliveries, highlighting the importance of balancing automation with societal needs.

> Ripple's XRP token surged to $2.47, its highest since May 2021, amid optimism surrounding the resolution of Ripple's legal battle with the SEC. The SEC's lawsuit, alleging XRP was sold as an unregistered security, is nearing closure after a court granted Ripple's motion for final judgment, with regulatory uncertainties diminishing. Speculation is growing that a pro-crypto SEC chair under Donald Trump could ease enforcement on Ripple and the broader crypto industry. Additionally, Ripple may soon launch an RLUSD stablecoin, and financial giants like BlackRock and JPMorgan are reportedly planning XRP ETF applications, signaling growing institutional interest in the token.

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