Major car firm ‘discontinuing cheapest model & halting pay rises’ – weeks after axing 20,000 jobs and £4bn losses

A MAJOR car firm is reportedly discontinuing its cheapest model and halting pay rises just weeks after announcing £4billion in losses.

The struggling car maker had announced plans to axe over 20,000 members of staff due to soaring production costs and disappointing sales. 

GettyThe Japanese automaker has been struggling financially recently[/caption] AFPCost-cutting measures will already see thousands of job losses with multiple factory closures[/caption]

Cash-strapped Nissan...