More in Restructuring

  • Apr 30, 2014
    blog

    Ford’s Fields the Right Man for Top Job

    Chief Operating Officer Mark Fields has been groomed his entire professional life to take the helm at Ford and has proved he is ready for the job....More
  • Newswire

    Daimler Employees to Protest O&O Dealership Revamping  

    Monday's protests by IG Metall members are a response to the automaker's plans to restructure its unprofitable company-owned and -operated retail outlets, which the union fears could cost jobs....More
  • Newswire

    Mazda Entering Talks With Ford to Shed Stake in Michigan JV  

    The Japanese automaker owns a 50% share of the AutoAlliance International but has not manufactured vehicles at the JV's Flat Rock, MI, plant since August 2012....More
  • Apr 24, 2014
    blog

    GM Profit Report Further Clouds Spotlight on CEO Mary Barra

    The chief executive caps her first 100 days on the job by reporting a razor-thin profit of $125 million, down 86% from year-ago, and bruised by the recall of 7 million vehicles....More
  • Newswire

    UPDATE 3-GM seeks U.S. court protection against ignition lawsuits  

    (Adds judge's order of conference date) April 22 (Reuters) - General Motors Co filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction. Plaintiffs suing the company also filed a proposed class action lawsuit in Manhattan bankruptcy court on Monday, seeking an order declaring that GM cannot use the bankruptcy protection to absolve itself from liabilities....More
  • Newswire

    GM to Ask Court to Freeze Lawsuits Over Ignition Defects  

    The automaker wants a federal court in California to suspend litigation related to actions involving the so-called Old GM, which produced the defective cars prior to its 2009 bankruptcy filing....More
  • Newswire

    PSA Looks to Dongfeng Deal to Launch Comeback  

    The state-owned Chinese automaker and the French government each have purchased a 14% stake in struggling PSA, providing it with a cash infusion of €3 billion....More
  • Mar 25, 2014
    video
    WardsAuto

    Mary Barra Speaks to GM Employees  

    General Motors CEO Mary Barra updates employees on ignition switch recall....More
  • Newswire

    Lawsuit Holds Pre-Bankruptcy GM Liable in Ignition Case  

    The so-called new GM is exempt from legal claims stemming from incidents that occurred before July 2009, but the federal lawsuit accuses both it and the pre-bankruptcy GM of concealing the defect that prompted last month's recall of 1.6 million cars....More
  • Newswire

    UPDATE 2-Renault and Nissan name management team to step up integration  

    * Renault-Nissan creates alliance management committee * Nissan executives to head engineering, production * Former Nissan exec to be Renault China chief -source (Adds further comments by CEO and analysts) By Yoko Kubota and Laurence Frost TOKYO/PARIS, March 17 (Reuters) - Carmakers Renault SA and Nissan Motor Co announced moves on Monday to combine key operations under a new team of managers, the boldest step yet taken in their 15 year-old alliance....More
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