An hour just before the vote on Monday night by the board of directors General Motors Korea, a probable bankruptcy of the Korean subsidiary of the US manufacturer, the union of employees of the group has accepted almost all the concessions that demanded management. And instead of coming together for a dramatic vote, management issued… Continue reading In Korea, General Motors avoids bankruptcy at the price of heavy sacrifices
Tag: GM
Opel Reaffirms Plan for Investment and Commitment to Tariff Agreement in Germany
Opel Reaffirms Plan for Investment and Commitment to Tariff Agreement in Germany 2018-04-23 Rüsselsheim. Opel has reaffirmed the plan for investments in its German locations. “Our goal remains to create a sustainable, successful future for our German plants. We want to invest in Eisenach, Kaiserslautern and Rüsselsheim; we want to respect the collective tariff agreements… Continue reading Opel Reaffirms Plan for Investment and Commitment to Tariff Agreement in Germany
Groupe PSA and Huawei Unveil Their First Connected Vehicle
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) has built its Connected Vehicle Modular Platform (CVMP) for its connected vehicles, using Huawei’s OceanConnect IoT1platform. DS 7 CROSSBACK, launched this month in China, is the first vehicle to benefit from the CVMP. Customers can access new services such as connected navigation, natural language2 voice recognition and a… Continue reading Groupe PSA and Huawei Unveil Their First Connected Vehicle
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
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
Groupe PSA : COMMUNIQUE DE PRESSE
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory news: Carlos Tavares, Président du Directoire du Groupe PSA (Paris:UG), et Michael Lohscheller, PDG d’Opel, ont tenu aujourd’hui un échange avec les Ministres Allemands, Peter Altmaier, Ministre Fédéral de l’Économie et de l’Énergie, et Hubertus Heil, Ministre Fédéral du Travail et des Affaires Sociales. Le dialogue s’est avéré ouvert et constructif exprimant… Continue reading Groupe PSA : COMMUNIQUE DE PRESSE