At Opel, the fronts between the workforce and the French mother Peugeot harden. Despite protests and good numbers, CEO Tavares urges a wage waiver. Opelians protest in Eisenach, Thuringia Tuesday, 24.04.2018 5:32 pm Because of the planned renovation of the OpelWorks in Germany, the workforce goes with the parent company Peugeot SA (PSA) on confrontation… Continue reading CEO Tavares insists on austerity measures
Tag: Financial Results
Ford Changed Leaders, Looking for a Lift. It’s Still Looking.
“When are we going to know these six?” Adam Jonas of Morgan Stanley asked. “Because I asked you a pretty straightforward question. You’re alluding to the six in your slides. You’re clearly not willing to talk about them.” Then, with a tone of exasperation rarely heard in such calls, Mr. Jonas added, “That’s a problem,… Continue reading Ford Changed Leaders, Looking for a Lift. It’s Still Looking.
Groupe PSA: Shareholders’ Meeting of 24 April 2018
RUEIL MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) : The Annual Shareholders’ Meeting of Peugeot S.A. was held on 24 April 2018, under the Chairmanship of Mr Louis Gallois. The Shareholders’ Meeting adopted all the resolutions proposed by the Supervisory Board and the Managing Board, particularly the proposal to pay a dividend in an amount… Continue reading Groupe PSA: Shareholders’ Meeting of 24 April 2018
Volvo Cars adds in-car delivery by Amazon Key to its expanding range of connected services
Volvo Cars adds in-car delivery by Amazon Key to its expanding range of connected services Volvo Cars, the premium car maker, is partnering with Amazon to bring in-car delivery of packages to customers in the United States. The collaboration represents a considerable scaling-up and maturing of Volvo’s digital consumer services via the Volvo… Continue reading Volvo Cars adds in-car delivery by Amazon Key to its expanding range of connected services
CEO Tavares insists on tough austerity measures
At Opel, the fronts between the workforce and the French mother Peugeot harden. Despite protests and good numbers, CEO Tavares urges a wage waiver. Opelians protest in Eisenach, Thuringia Tuesday, 24.04.2018 5:32 pm Because of the planned renovation of the OpelWorks in Germany, the workforce goes with the parent company Peugeot SA (PSA) on confrontation… Continue reading CEO Tavares insists on tough austerity measures
Groupe PSA: Q1 2018 Revenue Sharp Growth
RUEIL-MALMAISON, France–(BUSINESS WIRE)–Regulatory News: Groupe PSA (Paris:UG) Group Q1 2018 revenue amounted to €18,182 million, compared with €12,798 million in Q1 2017. At constant 2015 exchange rate and perimeter, 2018 Group revenue was up 21.6%4. PCD Automotive division revenue amounted to €10,214 million up by 13.3% compared to Q1 2017. This increase was mainly driven… Continue reading Groupe PSA: Q1 2018 Revenue Sharp Growth
(LEAD) KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week
(ATTN: ADDS more details throughout) By Choi Kyong-ae SEOUL, April 24 (Yonhap) — General Motors Corp. and the state-run Korea Development Bank, the two biggest shareholders of GM Korea Co., are set to sign an initial funding agreement this week to help GM’s Korean unit stay afloat, the two companies said Tuesday. The KDB is… Continue reading (LEAD) KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week
Business in the first quarter of 2018: up 2.8%
Further improvement in results expected in first semester 2018 Compagnie Plastic Omnium’s economic revenue amounted to € 1,942 million in the first quarter of 2018, up 2.8% at constant perimeter and exchange rates. The Automotive Division posted growth of 3.1%, while worldwide automotive production was down 0.6% over the period. expected, our business outperformed worldwide… Continue reading Business in the first quarter of 2018: up 2.8%
After mass layoffs at Ohio plant, UAW gives GM greenlight to hire lower-paid temps
After mass layoffs at Ohio plant, UAW gives GM greenlight to hire lower-paid temps By Tim Rivers24 April 2018 Within days of announcing the elimination of an entire shift and 1,500 jobs at the giant Lordstown, Ohio assembly plant, General Motors announced that its subsidiary, known as the Lordstown GM Subsystems Manufacturing LLC, will… Continue reading After mass layoffs at Ohio plant, UAW gives GM greenlight to hire lower-paid temps
KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week
By Choi Kyong-ae SEOUL, April 24 (Yonhap) — General Motors Corp. and the state-run Korea Development Bank, the two biggest shareholders of GM Korea Co., are set to sign an initial funding agreement this week to help GM’s Korean unit stay afloat, the two companies said Tuesday. The KDB is expected to sign a preliminary… Continue reading KDB, GM set to sign initial funding deal for U.S. carmaker’s Korean unit this week