GM aims to achieve an investment grade credit rating this year and to have all five of its business units post profits or break-even by 2015, CEO Dan Akerson said.
The ...
Daimler CEO Dieter Zetsche aims to put bring the Mercedes-Benz luxury brand back to No. 1 ahead of Audi and BMW by 2020.
In an interview with German newspaper Boersen-Zeitung, Zetsche ...
Renault and PSA Peugeot Citroen plants were both hit by strikes on Thursday as workers protest planned cost cuts.
French carmakers want to cut costs and boost productivity because of slumping ...
Jaguar and Land Rover plant to share platforms in the future as the two luxury carmakers owned by India's Tata Motors want to make economies of scale.
According to Autocar, the ...
General Motors aims to reduce costs by $500 million between 2013 and 2015 and plans to make further job cuts in Europe.
The move is part of GM's plan to break ...
Daimler AG plans to cut its annual costs by at least €1 billion ($1.32 billion) to adapt to Europe's crisis-hit auto market.
An unnamed source familiar with the matter told Bloomberg ...
General Motors Co. is preparing to disclose "horrendous" fourth quarter losses out of its European Opel/Vauxhall unit. Steep losses may now result in factory closures and layoffs, including the Opel ...
General Motors' European subsidiary is planning to cut hundreds of jobs in product engineering in Germany, Automotive News Europe announces.
The cuts are requested by GM, which is increasingly pressuring Opel ...
The sharp slump in oil prices over the last few months is finally beginning to bring relief at the gasoline pump, with the price of a gallon of regular gasoline ...