All articles and backgrounds 04/23/2018 New boss Diess with tailwind expected 4.4 billion profit from Volkswagen REUTERS Volkswagen: After the change of boss from Müller to Diess, investors remain optimistic with regard to profit and turnover Volkswagen announces its first quarter results on Thursday (26 April). Following the surprise takeover of the chief position by… Continue reading New boss Diess with tailwind: expected 4.4 billion profit of Volkswagen
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UPDATE 1-German region ready to help Opel, but won’t be blackmailed – premier
BERLIN (Reuters) – The German state of Thuringia is ready to offer assistance to carmaker Opel in order to keep the region’s Eisenach plant open, state premier Bodo Ramelow told Reuters on Monday. Opel sign is displayed on the car during the motor show in Riga, Latvia April 6, 2018. REUTERS/Ints Kalnins The state could… Continue reading UPDATE 1-German region ready to help Opel, but won’t be blackmailed – premier
Crisis in Eisenach: Ramelow promises state aid for Opel
Plant in Eisenach After the takeover of Opel by the French Peugeot group PSA unionists fear that especially the smallest German plant in Eisenach with its 1800 employees on the loose. (Photo: AP) The Thuringian Prime Minister Bodo Ramelow has helped to preserve the OpelLocation Eisenach promised. It is about four specific areas, said the… Continue reading Crisis in Eisenach: Ramelow promises state aid for Opel
Sochaux: Stéphane Dubs new director of the PSA factory
Graduated from Nancy ENSEM, 49-year-old Stéphane Dubs has achieved a significant part of his professional life in Franche Comté, where he has held various positions in Sochaux’s shoeing industry, and then worked on the same site as Project Manager. Industrial launch of the Peugeot 3008 and 5008 first generation. Appointed in 2013 PSA Group’s Front… Continue reading Sochaux: Stéphane Dubs new director of the PSA factory
GM Korea reaches tentative wage deal, avoids bankruptcy
SEOUL (Reuters) – General Motors Co’s South Korean unit on Monday said it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the U.S. automaker to prevent it filing for bankruptcy for the money-losing operation. Kaher Kazem (L), chief executive of GM Korea, and Barry Engle (2nd… Continue reading GM Korea reaches tentative wage deal, avoids bankruptcy
UPDATE 1-GM Korea reaches tentative wage deal, avoids bankruptcy
SEOUL (Reuters) – General Motors Co’s (GM.N) South Korean unit on Monday said it has reached a tentative wage deal with its labor union, meeting a key condition laid down by the U.S. automaker to prevent it filing for bankruptcy for the money-losing operation. Kaher Kazem (L), chief executive of GM Korea, and Barry Engle… Continue reading UPDATE 1-GM Korea reaches tentative wage deal, avoids bankruptcy
Tata Motors bets on turnaround plan to boost CV market share to 44% in FY18
In terms of market share, Tata Motors increased it to 43.95 per cent in FY18 from 42.79 per cent in FY17. NEW DELHI: Homegrown auto major Tata Motors saw its market share in commercial vehicles (CV) segment in the domestic market inch closer to 44 per cent in 2017-18 riding on its turnaround strategy which… Continue reading Tata Motors bets on turnaround plan to boost CV market share to 44% in FY18
Auto parts supplier: Prevent wants Volkswagen to pay billions in damages
Automotive supplier Prevent View of the headquarters of the automotive supplier Prevent in Warmenau near Wolfsburg (Lower Saxony). (Photo: AP) The dispute between Volkswagen (VW) and the Prevent supply group escalated according to a media report. Prevent companies are preparing a billion-dollar lawsuit, which is soon to go to court, reports the “Süddeutsche Zeitung” (Monday… Continue reading Auto parts supplier: Prevent wants Volkswagen to pay billions in damages
NIO Capital Is Said Close to Completing $500 Million Auto Fund
NIO Capital, the investment firm affiliated to Chinese electric-vehicle startup NIO, is close to completing the first round of its $500 million offshore fund that will put money in new automotive technologies, according to people with direct knowledge of the matter. The company is discussing with sovereign-wealth funds, energy and insurance companies in Asia and… Continue reading NIO Capital Is Said Close to Completing $500 Million Auto Fund
VW overseer criticized clarification of the diesel affair
No cultural change recognizable: The ordered by the US authorities VW inspector Larry Thompson criticized according to a media report, the lax processing of the exhaust gas scandal. VW dealership in San Diego, California (icon image) Sunday, 22.04.2018 00:02 o’clock VW Overseer Larry Thompson has submitted his first report to the US Department of Justice.… Continue reading VW overseer criticized clarification of the diesel affair