More in Restructuring

  • Jul 10, 2014

    Barra Driving Change at GM

    Under CEO Mary Barra, GM is the only one stepping up to change the conversation and fix the long-broken mechanisms for protecting consumers from potentially dangerous vehicle defects and compensating victims....More
  • Newswire

    Fiat Sets Aug. 1 Shareholder Vote on Chrysler Merger  

    Approval of the merger with Chrysler will allow Fiat CEO Sergio Marchionne to list the merged Fiat Chrysler Automobiles in New York by year's end....More
  • Newswire

    Renault-Nissan Taking Control of Russia's AvtoVAZ  

    The alliance between the French and Japanese automakers now holds a 67.1% stake in the holding company that controls Russia's largest automaker....More
  • Jun 13, 2014

    Chevy Camaro Z/28 Takes Nurburgring

    GM's top executives lifted traditional vehicle requirements for Chevy Camaro Z/28 to take on world's most popular track-oriented sports cars, and it delivered last year with a 7:37.40 lap of the Nurburgring to eclipse published times of the Porsche 911 Carrera S and the Lamborghini Murcielago LP640....More
  • Newswire

    Opel Sees Parent GM as Key to Return to Profitability  

    Chief Executive Karl-Thomas Neumann says Opel and sister brand Vauxhall will focus on smaller cars sharing more components with other GM products in their drive to become Europe's No.2 passenger-car maker by 2022....More
  • Newswire

    Daimler Abandoning Car-Sharing Venture in U.K.  

    The German automaker says car2go failed to attract 10,000 U.K. customers since its December 2012 launch in London and was not sustainable....More
  • Newswire

    Saab's Chinese Owner Halts EV Production  

    National Electric Vehicle Sweden, the Chinese company developing an electric version of the Saab after buying the bankrupt Swedish automaker, blames the shutdown on a lack of cash to pay outstanding debt....More
  • Newswire

    Chrysler Reports Q1 Loss on Fiat Merger Costs  

    The Auburn Hills, Mi-based automaker, a unit of Fiat Chrysler Automobiles, reports a $504 million non-cash charge mainly accounted for its first-quarter loss of $690 million, but expects net 2014 revenues of $80 billion....More
  • Newswire

    UPDATE 2-Fiat Chrysler shares tumble on strategic plan doubts  

    * Shares briefly suspended after falling more than 9 pct * Q1 loss underscores challenges ahead for Fiat Chrysler * Analysts question funding, some see capital increase (Adds analyst comments, share suspension) By Stefano Rebaudo and Laurence Frost MILAN/PARIS, May 7 (Reuters) - Fiat Chrysler shares fell sharply on Wednesday as analysts questioned whether it could achieve the targets of Chief Executive Sergio Marchionne's new strategy for the carmaker - and how the plan would be funded....More
  • Newswire

    PSA Names New Peugeot, DS Brand Chiefs  

    Citroen's U.K. operating chief, Linda Jackson, replaces Frederic Banzet, a member of the automaker's founding Peugeot family, while PSA strategy director Yves Bonnefont will head the premium DS marque as it separates from Citroen....More
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