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Eisenach plant: Thuringia offers Opel subsidies for site maintenance

All articles and backgrounds 04/23/2018 Eisenach plant in Thuringia offers Opel subsidies for site maintenance DPA Employees at Opel’s Eisenach plant: Thuringian Prime Minister Ramelow wants to preserve the location Thuringia’s Prime Minister Bodo Ramelow has promised assistance for Opel if, in return, the Eisenach site is maintained. It is about four specific areas, said… Continue reading Eisenach plant: Thuringia offers Opel subsidies for site maintenance

New boss Diess with tailwind: expected 4.4 billion profit of Volkswagen

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

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