Sergio Marchionne spent the last 14 years transforming Fiat Chrysler Automobiles NV through a series of spinoffs and mergers from a near-bankrupt Italian conglomerate into the best-performing U.S. automaker. His pending exit may open the door for the next big deal. Marchionne, 65, is set to start his final year as chief executive officer after… Continue reading Marchionne’s Exit Puts Fiat Chrysler in Play for Merger Deal
Tag: Financial Results
New boss Diess with tailwind: Volkswagen should deliver 4.4 billion euros profit
All articles and backgrounds 04/23/2018 New boss Diess with tailwind Volkswagen should deliver 4.4 billion euros profit 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… Continue reading New boss Diess with tailwind: Volkswagen should deliver 4.4 billion euros profit
IPO of 25 percent of the truck sector could bring in 6 billion euros: How the truck business to Volkswagens Mustersparte becomes
All articles and backgrounds 04/13/2018 IPO of 25 percent of the truck sector could bring in 6 billion euros How the truck business to Volkswagens Mustersparte becomes REUTERS VW truck boss Andreas Renschler So much is in motion in the Volkswagen Group. Several management posts, including the boss, are being retooled, the entire management structure… Continue reading IPO of 25 percent of the truck sector could bring in 6 billion euros: How the truck business to Volkswagens Mustersparte becomes
GM, Korean union reach tentative deal on wages, workers
Youkyung Lee, Associated Press Published 6:21 a.m. ET April 23, 2018 GM Korea CEO Kaher Kazem, left, talks with GM Executive Vice President Barry Engle after a tentative agreement reached between the GM Korea’s management and labor union at GM Korea’s factory in Bupyeong, South Korea, April 23, 2018. (Photo: Yun Tae-hyung / AP) Seoul,… Continue reading GM, Korean union reach tentative deal on wages, workers
In Korea, General Motors avoids bankruptcy at the price of heavy sacrifices
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
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
Mediacorp and Grab partner to bring better in-car experiences to passengers and income opportunities for drivers
Singapore, 23 April 2018 – Mediacorp and Grab today signed a Memorandum of Understanding (MOU) for a partnership that will set a new benchmark for in-car experience for Grab passengers. The collaboration is also aimed at creating more income opportunities for Grab drivers in Singapore. Under the terms of the MOU, Mediacorp and Grab will… Continue reading Mediacorp and Grab partner to bring better in-car experiences to passengers and income opportunities for drivers
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
The Volvo S90 Ambience Concept – a car that connects with your senses
The Volvo S90 Ambience Concept – a car that connects with your senses Volvo Cars, the premium car maker, today reveals the S90 Ambience Concept, an industry-first sensory experience that synchronises visuals, sound and scent to redefine in-car luxury. The S90 Ambience Concept, making its public debut at the Beijing Auto Show in China,… Continue reading The Volvo S90 Ambience Concept – a car that connects with your senses