Bankruptcy judge rules settlement calling for GM to pay $1 billion stock is unenforceable

This file photo, shows a key in the ignition switch of a 2005 Chevrolet Cobalt in Alexandria, Va. General Motors has paid about $2.5 billion to settle claims tied to the defective ignition switches in about 2.5 million vehicles. (Photo: Molly Riley, Molly Riley, AP) Judge Martin Glenn of U.S. Bankruptcy Court in New York… Continue reading Bankruptcy judge rules settlement calling for GM to pay $1 billion stock is unenforceable

Navya in London

In partnership with Michelin, Navya will provide its shuttles in London. Navya shuttle bus Later this year, a fleet of Navya E-shuttles through London drive. The vehicles are to be equipped with a rim technology from a company of the Michelin Group for the uneven road surfaces. It is not the first appearance of the… Continue reading Navya in London

Turo car sharing marketplace launches in Germany

Peer-to-peer car sharing platform Turo is expanding to Germany officially starting today, after acquiring Daimler’s Croove in-house product forpvoding essentially the same service last September. Turo also received a significant strategic investment from Daimler at the same time as it acquired the automaker’s cars sharing experiment, and it now operates peer-to-peer rental services in the… Continue reading Turo car sharing marketplace launches in Germany

Groko soundings: Daimler boss calls for more flexible working hours law

Dieter Zetsche Dieter Zetsche praises the leaders of the CDU, CSU and SPD. But he also has demands for a future government. (Photo: AP) Daimler-Boss Dieter Zetsche has praised the CDU, CSU and SPD for the Europa Passages in the exploratory paper and called for deeper cooperation in the EU. “Now is the time to… Continue reading Groko soundings: Daimler boss calls for more flexible working hours law

PSA: 290 posts in Franche-Comté would be the subject of a collective collective break

The first conventional break figures were unveiled by CGT union representatives. In Franche-Comté, several sites would be concerned by this system of conventional breaks. Here is the detail that has not been made official. BESSONCOURT – 10 positions HERIMONCOURT – 13 posts SOCHAUX / BELCHAMP – 180 places VESOUL – 87 positions The collective conventional… Continue reading PSA: 290 posts in Franche-Comté would be the subject of a collective collective break

UPDATE 1-Peugeot CEO: U.K. plants uncompetitive, open to S. America alliance

(Adds background, further comments from Tavares, paragraphs 2-7) By Joseph White Jan 18 (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Thursday he planned to meet next week with the automaker’s UK unions and government officials to discuss the future of Peugeot’s Vauxhall plant, where Tavares said production costs are twice those of… Continue reading UPDATE 1-Peugeot CEO: U.K. plants uncompetitive, open to S. America alliance

Daimler, Bosch hit by walkouts in sector-wide labour dispute

FRANKFURT (Reuters) – Some 44,000 German workers at companies including Mercedes maker Daimler (DAIGn.DE) and automotive supplier Bosch [ROBG.UL] took part in industrial action on Thursday as powerful labor union IG Metall and employers held regional wage talks. Citing robust German economic growth and record low joblessness, IG Metall union is demanding 6 percent more… Continue reading Daimler, Bosch hit by walkouts in sector-wide labour dispute

Peugeot CEO to meet with UK unions, govt officials

Jan 18 (Reuters) – Peugeot SA Chief Executive Carlos Tavares said on Thursday he planned to meet next week with the automaker’s UK unions and government officials to discuss the future of Peugeot’s Vauxhall plant, where Tavares said production costs are twice those of its plants in France. Peugeot has already begun cutting jobs in… Continue reading Peugeot CEO to meet with UK unions, govt officials

BMW claims its upcoming Tesla rival will have almost double the range of a Model 3 (TSLA)

While we don’t know what the iNext will look like yet, BMW has released concepts hinting at what future cars may look like. BMW BMW said its upcoming iNext electric vehicle will be able to drive up to 435 miles per charge. That would nearly double the range of the base version Tesla Model 3, which… Continue reading BMW claims its upcoming Tesla rival will have almost double the range of a Model 3 (TSLA)

PSA: adopted, the project of conventional collective breaks will affect the three northern factories

PSA has achieved that Pimkie failed to do : to accept a project of collective collapseby the unions. The project was adopted by majority on Thursday 18th January by FO, CFDT, CFTC and CIA. The CGT, the first union of the group among the workers and the CFE CGC, majority among the executives, refuse for… Continue reading PSA: adopted, the project of conventional collective breaks will affect the three northern factories