More in Restructuring

  • Newswire

    Report Says FCA's Marchionne Done Courting GM  

    The New York Times quotes the Fiat Chrysler Automobiles CEO as saying he "won't go back to get my nose bloodied a second time" after GM rejected his merger proposal in March....More
  • Jun 26, 2015
    blog

    A Place to Store, Track Your Classic

    Construction of the M1 Concourse, a collection of private garages and a handling track, is under way in suburban Detroit, and the first 80 units are expected to be ready for owners by next spring....More
  • Newswire

    GM Dealing With Veteran Rainmaker in FCA's Marchionne  

    The Fiat Chrysler Automobiles CEO, undeterred by counterpart Mary Barra's rejection of his merger overtures, has proffered the deal to GM shareholders....More
  • Newswire

    CEO Winterkorn Tells VW Staff of Coming Reorganization  

    Winterkorn's remarks to 10,000 employees gathered at VW headquarters in Wolfsburg, Germany, follow a report that the automaker's corporate structure will be decentralized into four holding companies....More
  • Newswire

    Report Says VW Reorganization to Create Four Holding Companies  

    The business newspaper Handelsblatt says the restructuring is being driven largely by the high costs of the automaker's core production business in Germany....More
  • Jun 12, 2015
    blog

    New GM, Barra Find ‘If It Ain’t Rough, It Ain’t Right'

    Barra and her executive team have plenty stacked against them these days, and the next few months will be as pivotal for GM as a winner-take-all NBA final....More
  • Newswire

    REFILE-VW sales chief's job on the line as carmaker reorganises - sources  

    (Edits) * Klingler has many opponents at VW - source * Klingler has been protected by Piech family ties -source * New structure could spark wider reshuffle of managers -source By Andreas Cremer and Jan Schwartz BERLIN/HAMBURG, June 11 (Reuters) - Volkswagen group sales chief Christian Klingler, an ally of ousted chairman Ferdinand Piech, could lose his job as part of a reorganisation by the carmaker intended to boost profits, company sources said....More
  • Newswire

    Peugeot Shares Up on Report of Fiat Courtship  

    Neither Peugeot not Fiat will comment on a Bloomberg News report that Fiat may target the French automaker for a merger in the wake of a rebuff by General Motors....More
  • Newswire

    Daimler Plan Targets Billions in Euro Savings  

    CEO Dieter Zetsche says he is working on the next stage of the plan that has saved €2 billion through cost cuts and efficiency gains....More
  • Newswire

    VW Says China Green-Lights Bigger Stake in FAW JV  

    The German automaker says the Chinese government "has approved in principle a possible increase" in its 40% stake in the JV with state-owned automaker FAW....More
  • Newswire

    Renault-Nissan Still Can Go It Alone, Ghosn Says  

    The CEO says French automaker Renault and Japanese partner Nissan can continue lowering vehicle- and technology-development costs and remain competitive without adding another partner....More
  • Newswire

    VW Labor Chief in No Rush to Name New Chairman  

    Bernd Osterloh, who heads VW's works council, says "a debate about the company structure" should precede the naming of a permanent supervisory board chairman....More
  • Newswire

    FCA Chairman Confirms CEO's Merger Overture to GM  

    Chairman John Elkann tells reporters CEO Sergio Marchionne's suggestion to GM CEO Mary Barra that the two automakers merge "was not the only email" on the topic....More
  • Newswire

    UPDATE 3-Opel chief rules out deal with Fiat  

    * Opel CEO sees need to improve volume, scale, utilisation * Opel to focus on efficiency sharing platforms with GM * Says eyeing high-def maps, Nokia not the only supplier (Adds comment from Opel spokesman about Peugeot cooperation) By Edward Taylor RUESSELSHEIM, Germany, May 28 (Reuters) - Opel chief Karl-Thomas Neumann ruled out a deal with Fiat but said on Thursday he sees the need to improve volume, scale and utilisation in the auto industry and at his own company....More
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