Former UAW Vice President Joe Ashton (Photo: General Motors Co.) The United Auto Workers’ retiree health care trust intends to sell 40 million of its shares in General Motors Co., imperiling the trust’s ability to replace retired UAW Vice President Joe Ashton on the automaker’s board of directors. The UAW Retiree Medical Benefits Trust —… Continue reading UAW trust move puts GM board seat at risk
Tag: Financial Results
Exclusive: GM Korea to sharply cut number of executives – internal letter
SEOUL (Reuters) – General Motors’ South Korean unit plans to slash the number of its executives, an internal letter seen by Reuters showed – the latest step by the U.S. automaker to cut costs and restructure the loss-making business. GM said this month it would shut one of its factories in South Korea and decide… Continue reading Exclusive: GM Korea to sharply cut number of executives – internal letter
Geely Held Informal Talks With Fiat Chrysler Before Daimler Deal
Zhejiang Geely Holding Group Co. held informal talks about the potential takeover of Fiat Chrysler Automobiles NV before the Chinese manufacturer turned its attention toward Daimler AG, according to people familiar with the matter. Li Shufu, the Chinese billionaire who controls Geely, approached the Italian-American carmaker in the middle of last year as he was… Continue reading Geely Held Informal Talks With Fiat Chrysler Before Daimler Deal
FleetUp Announces New Chief Executive Officer and Raises $20 Million in Funding
MILPITAS, Calif., Feb. 27, 2018 /PRNewswire/ — FleetUp, the premier provider of ELD/HOS compliance solutions for intelligent fleet management, today announced the completion of $20 million in funding led by HUMAX (KOSDAQ listed $1.5B Revenue). In a strategic effort to drive FleetUp’s aggressive business expansion, HUMAX placed its corporate chief strategy officer and president of HUMAX Americas… Continue reading FleetUp Announces New Chief Executive Officer and Raises $20 Million in Funding
Ford launches self-driving pilot with delivery partners in Miami
(Reuters) – Ford Motor Co is taking a different approach from rival General Motors Co in deploying self-driving vehicles, focusing initially on partnering with and operating vehicles for a variety of companies, from Domino’s Pizza to Lyft, executives said. Ford said on Tuesday it has launched a pilot delivery program in Miami with Domino‘s, and… Continue reading Ford launches self-driving pilot with delivery partners in Miami
Aston Martin is looking for a shoulder to lean on
Even James Bond always ends up relying on someone, or someone. Aston Martin has regained its luster, but the British manufacturer of luxury cars dear to the secret agent has still been thinking of finding a shoulder, by the end of the year perhaps. “We are building a company that can survive by selling at… Continue reading Aston Martin is looking for a shoulder to lean on
Volkswagen increases dividend: Record profit, record sales – but VW remains cautious
All articles and backgrounds 02/23/2018 Volkswagen raises dividend record profit, record sales – but VW remains cautious DPA VW CEO Matthias Müller: More profit, more sales, more dividend Money machine despite the diesel scandal: Europe’s largest car maker Volkswagen Show stock market chart has almost doubled its operating profit in the midst of scandals and… Continue reading Volkswagen increases dividend: Record profit, record sales – but VW remains cautious
Full wage agreement at Volkswagen: These academics earn less than VW workers
All articles and backgrounds 02/21/2018 Full wage agreement at Volkswagen 7 jobs in which academics earn less than VW workers Pictures: DPA exhaust scandal back and forth – the business of Volkswagen Show stock market chart going well. The group sells more cars than ever and earns high profits, It is clear that the employees… Continue reading Full wage agreement at Volkswagen: These academics earn less than VW workers
News Release – Geneva Motor Show: Magna Offers Unique Expertise in Complete Vehicle Manufacturing
Please click HERE for a PDF version of the release. Magna’s exhibit located in Hall 6, Booth 6261 Only contract manufacturer to produce vehicles with different powertrains on a single production line Networked smart factory provides efficient and competitive operations SAILAUF, Germany, Feb. 26, 2018 (GLOBE NEWSWIRE) — Magna International helps shape future mobility across… Continue reading News Release – Geneva Motor Show: Magna Offers Unique Expertise in Complete Vehicle Manufacturing
Aston Martin Posts First Profit in Eight Years
Aston Martin Holdings Ltd. is looking for a “big brother” partner in order to survive as a low-volume, luxury carmaker, even after it posted its first profit in eight years and prepares for a potential initial public offering. The manufacturer famous for making film spy James Bond’s favorite car could use a combination of capital… Continue reading Aston Martin Posts First Profit in Eight Years