Tag: M and A

Opel runs short-time work for six months on

Monday, 08/01/2018 20:45 This week starts in the Opel plant in Rüsselsheim a six-month presumably short-time working , A company spokesman said that the Federal Employment Agency approved it. Management and works council had in agreement with the IG metal agreed on the short-time work at the company’s headquarters. Affected are both the product development… Continue reading Opel runs short-time work for six months
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VW Supervisory Board prefers deliberations – Sanz ‘post wobbles

Thursday, 04/12/2018 14:43 clock If everything goes as the corporate strategists want in the background, VW brand manager Herbert Diess could this Thursday to succeed the incumbent CEO Matthias Müller be determined. As the SPIEGEL learned from circles around the Supervisory Board, the Revirement will turn out to be even more extensive than previously known.… Continue reading VW Supervisory Board prefers deliberations – Sanz ‘post
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Adient announces Peter H. Carlin to join automotive seat supplier’s Board of Directors

PLYMOUTH, Mich., May 18, 2018 /PRNewswire/ — Adient plc (NYSE: ADNT), a global leader in automotive seating, today announced the appointment of Peter H. Carlin to Adient’s Board of Directors, effective June 4, 2018. “We are pleased to welcome Peter to Adient’s Board of Directors,” said Bruce McDonald, Adient Chairman and Chief Executive Officer.  “Over the… Continue reading Adient announces Peter H. Carlin to join automotive seat supplier’s Board of Directors

Opel agrees with workers on austerity measures

The car manufacturer Opel, acquired by the French PSA Group, wants to save on personnel costs – through early retirement and short-time work. Now there is an agreement with the workers. Opel at a Peugeot dealer Friday, 15.12.2017 12:42 clock Opel has met with works council and union a comprehensive social agreement. This should reduce… Continue reading Opel agrees with workers on austerity measures

Will Peugeot push the purchase price for Opel?

Allegedly, the French PSA group calls back half a billion euros of the purchase price for Opel – the German engines are dirtier than expected. General Motors denies, but in the background haggling. Jürgen Pander Opel stand at the IAA: Here is the new Grandland X Thursday, 30.11.2017 10:53 clock Demands the French OpelBuyer PSA… Continue reading Will Peugeot push the purchase price for Opel?

VW Supervisory Board prefers deliberations – Sanz ‘post wobbles

The Supervisory Board of Volkswagen has advanced its deliberations on the reorganization of the Management Board by one day. According to SPIEGEL information, purchasing manager Garcia Sanz now has to fear for his job. VW plant in Wolfsburg Thursday, 12.04.2018 14:43 clock If everything goes as the corporate strategists want in the background, VW brand… Continue reading VW Supervisory Board prefers deliberations – Sanz ‘post wobbles

“Better a bandage of ships than a battleship”

Herbert Diess is the new CEO of Volkswagen. As the successor of Matthias Müller, he faces great challenges. In the first few hours he already shows what to expect from him. Friday, 13.04.2018 16:57 clock The location at Volkswagen reminiscent of a divorce. The former husband raised the children, and they do not like to… Continue reading “Better a bandage of ships than a battleship”

Stefan Sommer becomes Volkswagen Board Member

D he after a power struggle with the supplier ZF Retired former CEO Stefan Sommer changes to the world’s largest carmaker. There, he takes over a VW release on Monday evening according to the procurement department. Sommer follows the long-term purchasing director Francisco Javier Garcia Sanz, who left the group at his own request. Volkswagen… Continue reading Stefan Sommer becomes Volkswagen Board Member

The uncertainty for the Neue Halberg casting continues

D The striking employees of the automotive supplier Neue Halberg Guss have chosen big words on Thursday to support the further negotiations on a social wage agreement for their company with protests. When around 600 employees from Saarbrücken and Leipzig gathered at the Opernturm in Frankfurt at noon, they carried several banners: “Where justice becomes… Continue reading The uncertainty for the Neue Halberg casting continues