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Michelin Comes With New Agreement for Its French Plants


Michelin plans to implement new rules at its facilities in France, aimed at adjusting capacity and avoiding lay offs, as Europe’s auto market is expected to drop for the sixth consecutive year. Michelin’s new agreement has already been accepted by 3 out of its 17 plants, and it includes rules such as additional days of work for its employees to compensate ...
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Delaware Judge Approves Settlement Between Fisker and A123 Systems
A bankruptcy judge in Delaware approved a settlement between Fisker and A123 Systems. The settlement was approved yesterday, April 17th, and reduces Fisker’s claims against battery supplier A123 Systems, now known ...
Dacia and Its Workers in Romania Finally Reach Agreement
Dacia has finally reached a deal with its workers in Romania, after 14 negotiations attempts. Today, April 16th, Dacia announced it has reached a final agreement with its workers from the ...
Renault and French Labor Unions Close to Labor Agreement
Renault and the labor unions in France could reach a labor deal in the following days, according to France’s industry minister. Renault tries to make labor unions accept several measures, among ...
BMW and Continental developing automated driving system for motorways
The BMW Group and automotive supplier Continental are stepping up their collaboration in the field of driver assistance systems. In January, the two companies signed an agreement to jointly develop an ...
Daimler Purchased 12% Stake in BAIC Motor
Today, February 1st, Daimler agreed to buy 12% of BAIC Motor, Beijing Automotive Group’s passenger car unit. "Daimler and Beijing Automotive Group will significantly deepen their already strong strategic partnership," the ...
Toyota will license its fuel-cell technology to BMW, Nikkei reports
Toyota Motor Corporation is nearing an agreement to license its fuel-cell technology to BMW AG, the Nikkei business daily reported. The agreement is expected to be made official as early as ...
Renault may close two French plants unless labor deal is reached
Renault may close two plants in France unless it reaches an agreement with unions on increasing productivity, holding back pay and cutting the workforce, a union leader said. Dominique Chauvin, head ...
IndyCar, Dallara reach cost cutting agreement
The IZOD IndyCar Series has reached an agreement with Dallara that will reduce costs for its teams. The deal sees an extension of a parts reduction initiative until March 15, 2014. ...
Chrysler Close to Agreement for Jeep Production in China
Jeep’s chief Mike Manley said that Chrysler is close to closing a preliminary deal to manufacture Jeep vehicles in China. “It’s a lot closer, by the way, than the end of ...

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