More in Restructuring

  • Newswire

    VW Moving to Take CEO Scrap Out of Public Eye  

    Sources with the automaker say Chairman Ferdinand Piech will meet within days with cousin Wolfgang Porsche and other family members to discuss Piech's public criticism of CEO Martin Winterkorn....More
  • Newswire

    Ford to gain control of Russia JV and provide finance  

    MOSCOW, April 10 (Reuters) - U.S. auto maker Ford Motor Co will take control of its Russian venture with Sollers and provide it with additional financial support, the Russian firm said on Friday. Ford is taking control in exchange for preferred shares in the Ford-Sollers venture, while its economic interest in the venture remains unchanged at 50 percent, Sollers said. The companies agreed the changes to the venture's shareholder structure on March 31, Sollers said, without providing any financial details of the transaction....More
  • Newswire

    France Ups Renault Stake in Challenge to Ghosn  

    The government says it temporarily is raising its stake in the automaker from 15% to 19.7% to secure double voting rights for itself and other long-term investors ahead of an April 30 shareholders meeting....More
  • Newswire

    Faurecia, Dongfeng Form Chinese Car-Parts Production JV  

    French parts-maker Faurecia says it intends to sell components to Dongfeng and the Chinese automaker's automaking partners Peugeot, Nissan, Honda and Kia....More
  • Newswire

    PSA's CEO Says Merger Off Table Pending Turnaround  

    Carlos Tavares, CEO of the French automaker, says "it's a little bit early" to consider a merger while its recovery continues....More
  • Newswire

    Visteon CEO Leuliette Stepping Down  

    The 65-year-old Leuliette has overseen the supplier's restructuring into specializing in automotive electronics....More
  • Newswire

    Supplier Valeo's CEO Says Acquisitions on Table  

    Jacques Aschenbroich says Valeo is growing its capabilities in areas such as hybrid technology and connected cars, and wants to pursue an "active role in potential consolidation" with other suppliers....More
  • Newswire

    CEO Marchionne Says FCA Could Shed More Than 10% of Ferrari  

    The Fiat Chrysler Automobiles chief cites high demand for Ferraris in the automaker's deliberations over how big a stake in the luxury brand it should sell in a planned initial public offering....More
  • Newswire

    Marchionne Dismisses FCA-VW Partnership  

    The Fiat Chrysler Automobiles CEO says at the Geneva Auto Show he has an ideal partner in mind, but doesn't elaborate beyond saying it isn't Volkswagen....More
  • Mar 2, 2015

    Harry Wilson’s Money Grab 7

    Singling out shareholders for a big payday is not being fair or responsible. The “old GM” spent billions buying back shares and kept doing so almost until it went bankrupt. Look how well that worked....More
  • Newswire

    GM Drops Thai Sonic Assembly in SE Asia Restructuring  

    The automaker's announcement that it will halt production of Chevrolet Sonic subcompacts in Thailand comes one day after saying it will close an Indonesian factory that builds the Chevrolet Spin....More
  • Newswire

    GM Shutting Down Indonesia Assembly Operation  

    The automaker is shutting down assembly operations in the country after some 80 years, conceding Southeast Asia's biggest market to Japanese rivals led by Toyota....More
  • Feb 23, 2015

    Ford's Choice of Lincoln Over JLR Good a Bet as Any 7

    Some pundits have argued Ford would have been better off keeping Jaguar Land Rover over Lincoln, but in reality both brands still require massive investments....More
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