Things do not work out in Germany for Opel. Fearing a haemorrhage in the workforce, the works council of the new division of PSA has simply decided to block candidates for various plans for voluntary departures in progress. More than 200 cases – most of them from Russelsheim, Kaiserslautern or Eisenach plants – are currently… Continue reading Opel: the works council blocks candidates at departure
Tag: People
After death of Ford Taurus, Fusion, Fiesta, will Ford fans buy a Chevy?
CLOSE Ford Motor Company announced that it will discontinue the Fiesta subcompact car, the Fusion mid-size sedan and the Taurus full-size car in the U.S. USA TODAY A 2012 Ford Taurus. (Photo: FORD) Ford families drive Fords. Chevrolet families drive Chevys. And they often refuse to switch. Ford’s decision to cut nearly its entire car… Continue reading After death of Ford Taurus, Fusion, Fiesta, will Ford fans buy a Chevy?
Ford Torrence Plant To Stop Making Cars, Focus On SUVs
CHICAGO (CBS/AP) — After a more than 30 year run, the Ford Motor Co. plant on the city’s Southeast Side will stop making the Ford Taurus in 2019, and instead focus on pricier SUVs, the company announced. The Details: The Taurus, first produced in 1986, was once the top-selling car in the U.S. Production will… Continue reading Ford Torrence Plant To Stop Making Cars, Focus On SUVs
BRIEF-China Automotive Systems’ Unit Enters JV Contract With KYB China
April 27 (Reuters) – China Automotive Systems Inc: * CHINA AUTOMOTIVE SYSTEMS INC – ON APRIL 27, UNIT OF CO ENTERED INTO A JOINT VENTURE CONTRACT WITH KYB (CHINA) INVESTMENT CO., LTD – SEC FILING * CHINA AUTOMOTIVE – HENGLONG, KYB WILL ESTABLISH A JOINT VENTURE COMPANY, HUBEI HENGLONG KYB AUTOMOBILE ELECTRIC STEERING SYSTEM CO.,… Continue reading BRIEF-China Automotive Systems’ Unit Enters JV Contract With KYB China
Opel works council blocks severance program
The voluntary severance package at Opel is apparently well received. The works council sees the future of the automaker endangered – and provisionally denies its approval. Opel plant in Kaiserslautern (archive) Friday, 27.04.2018 14:05 clock at Opel the dispute over the voluntary redundancy program is escalating. The works council provisionally refuses to approve current contracts.… Continue reading Opel works council blocks severance program
Baidu Sets Up $500M Internet, Artificial Intelligence Fund
China’s search engine giant Baidu Inc. has announced plans to set up a new fund worth of US$500 million in its first phrase to invest in Internet and artificial intelligence start-ups. The fund, named Changcheng Investment Partners, will be the third such fund established by Baidu. In 2016, Baidu set up Baidu Ventures, which raised… Continue reading Baidu Sets Up $500M Internet, Artificial Intelligence Fund
France’s BlaBlaCar acquires carpool startup Less in ongoing ridesharing consolidation
The ongoing trend of consolidation in the world of ridesharing continues apace, with the latest development coming out of Europe. BlaBlaCar, the French carpooling platform, is acquiring Less, a young carpooling platform based in Paris and focusing only on urban rides, paying drivers on a per-kilometer rate to incentivize them. The financial terms are not… Continue reading France’s BlaBlaCar acquires carpool startup Less in ongoing ridesharing consolidation
Combustion and electric drive: Conti checks IPO of its drive division
All articles and backgrounds 04/27/2018 Combustion and electric drive Conti checks IPO of its drive division DPA Continental: Possible tripartite conversation The auto supplier Continental is considering outsourcing its propulsion business and taking some of it to the stock market. CEO Elmar Degenhart said on Friday before the shareholders, Conti continue to expand the division,… Continue reading Combustion and electric drive: Conti checks IPO of its drive division
Elliott reiterates call for holding firm structure for Hyundai Motor Group
SEOUL, April 27 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., on Friday reiterated its demand for a holding company structure for Hyundai Motor Group. In a statement, the U.S. fund called on the Korean automotive group to merge Hyundai Motor Co. and Hyundai Mobis Co. into one… Continue reading Elliott reiterates call for holding firm structure for Hyundai Motor Group
FAURECIA : 2017 registration document
News releaseNanterre (France), April 27, 2018Faurecia 2017 registration documentFaurecia filed its 2017 registration document with the French Autorité des Marchés Financiers on April 26, 2018.It is available for consultation on the corporate website of the Company:www.faurecia.com/en/finance/amf-regulated-informationas well as on the website of the AMF : www.amf-france.org.The registration document contains:the annual financial report ;information on the fees… Continue reading FAURECIA : 2017 registration document