BRATISLAVA, June 13 (Reuters) – French car maker Peugeot’s Slovak unit has agreed with trade unions on a 7.7 percent wage hike this year, it said on Wednesday. The raise follows an average 6.3 percent wake hike last year at the plant that produced more than 335,000 cars in 2017. Peugeot Citroen, which makes Citroen… Continue reading Peugeot’s Slovak unit agrees 7.7 pct wage hike with unions
Author: Ritters US Newsfeed
US accuses Fiat Chrysler, union of conspiring to break labor laws
DETROIT (Reuters) – Top officials of Fiat Chrysler Automobiles NV and the United Auto Workers (UAW) union conspired to violate U.S. labor laws, federal prosecutors alleged in a court document, saying a former executive at the automaker knew bribes paid to union leaders were designed to “grease the skids” in labor negotiations. FILE PHOTO: Fiat… Continue reading US accuses Fiat Chrysler, union of conspiring to break labor laws
General Motors nomme Dhivya Suryadevara directrice financière
(Reuters) – General Motors a annoncé mardi la nomination de Dhivya Suryadevara, 39 ans, au poste de directrice financière à compter du 1er septembre, en remplacement de Chuck Stevens qui part à la retraite. General Motors a annoncé mardi la nomination de Dhivya Suryadevara, 39 ans, au poste de directrice financière à compter du 1er… Continue reading General Motors nomme Dhivya Suryadevara directrice financière
US automaker GM names Suryadevara CFO to succeed Stevens
(Reuters) – General Motors Co (GM.N) said on Wednesday Dhivya Suryadevara, currently vice president of corporate finance, will succeed Chuck Stevens on Sept. 1 as chief financial officer of the No. 1 U.S. automaker. FILE PHOTO – The GM logo is seen at the General Motors headquarters in Sao Caetano do Sul, Brazil March 13,… Continue reading US automaker GM names Suryadevara CFO to succeed Stevens
Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
SINGAPORE (Reuters) – Toyota Motor Corp has agreed to buy a $1 billion stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. FILE PHOTO: A logo of Toyota Motor Corp is seen at… Continue reading Toyota pumps $1 billion in Grab in auto industry’s biggest ride-hailing bet
BMW sales fall, so too does German investor confidence
Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world’s media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn… Continue reading BMW sales fall, so too does German investor confidence
GM has no projects underway with Lyft, CEO Barra says
DETROIT (Reuters) – General Motors Co (GM.N) Chief Executive Officer Mary Barra said on Tuesday the No. 1 U.S. automaker currently has no projects underway with ride-sharing company Lyft, in which it has a 9 percent stake. FILE PHOTO – General Motors CEO Mary Barra attends as U.S. President Donald Trump meets with chief executives… Continue reading GM has no projects underway with Lyft, CEO Barra says
S.Korea stocks, won steady as US-N.Korea summit concludes
* KOSPI basically flat as Trump meets Kim in Singapore * N.Korea-exposed shares fall on profit-taking after rallies * Seoul markets closed just after Singapore summit ends * Trump, Kim sign document at landmark summit (Updates with closing figures) SEOUL, June 12 (Reuters) – South Korean shares and the won reacted calmly on Tuesday to… Continue reading S.Korea stocks, won steady as US-N.Korea summit concludes
BMW says May sales of BMW, Mini vehicles dip due to China tariffs
FRANKFURT (Reuters) – BMW (BMWG.DE) said vehicle sales fell 2.1 percent in May, weighed down by China tariffs, the launch of a new model, and a 13.6 percent drop in German deliveries as cities like Hamburg started banning older diesel vehicles from key streets. BMW said plans to retool its China factory to produce the… Continue reading BMW says May sales of BMW, Mini vehicles dip due to China tariffs
VW’s Skoda says might outsource production to meet demand
BERLIN (Reuters) – Volkswagen’s (VOWG_p.DE) Czech brand Skoda said on Monday it might outsource some production to a contract manufacturer as the division looks to respond to booming demand. FILE PHOTO: A Volkswagen (VW) logo is pictured next to a logo of Skoda during the second media day of the 86th International Motor Show in… Continue reading VW’s Skoda says might outsource production to meet demand