More in Restructuring

  • 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
  • Newswire

    UPDATE 2-Toyota, Mazda plan long-term partnership to confront tech challenges  

    * To seek broad collaboration, including in environment and safety * Industry-wide trend for tie-ups to share costs, build up scale * Toyota, Mazda already cooperate in tech, manufacturing (Updates with companies' announcement) By Chang-Ran Kim...More
  • Newswire

    GM Expects to Halt Venezuela Production in July  

    The automaker, which builds four vehicles and employs 3,000 people in Venezuela, is the latest U.S. corporation acting to protect its profits against the country's currency fluctuations....More
  • Newswire

    Family Stake in Peugeot at Issue in Meeting  

    A French newspaper reports the June meeting will center on differences among the Peugeot family over its 14.1% stake in the automaker....More
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