Generation Axe: Why new wave of CEOs is chopping investments

The enormous number of CEO replacements at global car makers over the past year share a common thread: once installed, they have invariably started chopping.

Between them, this new crew – let’s call them Generation Axe – have written off investments worth more than £26 billion as they delete models, electric platforms, underachieving plants and swathes of workers, whether underperforming or not.