Post Tagged with: "germany auto industry"

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BMW turns to wind power for its plants

BMW turns to wind power for its plants

BMW will harness winds to secure power and defend profits as costs rise due to Germany’s 550 billion euro plan to quit nuclear energy. Four wind turbine towers will soon supply almost a quarter of the power used at BMW’s Leipzig plant, where the automaker builds the X1 SUV and […]

Plastic Omnium to stop making bumpers in Germany

Plastic Omnium to stop making bumpers in Germany

French plastic processing company Plastic Omnium announced it will cut output in Germany by halting the production of auto bumpers. Plastic Omnium blames the shrinking car market in Europe and also automakers’ own strategic decisions that have led to excess production capacity in Western Europe. For this reason, the company […]

Opel won’t make similar cuts in Europe as Ford, union boss says

Opel won’t make similar cuts in Europe as Ford, union boss says

General Motors’ European unit Opel will not see more severe downsizing than Ford’s restructuring measures in Europe, Opel top labour leader said. Ford decided to close three factories and cut 5,700 jobs in Europe in order to reduce losses and make its European subsidiary break even by mid decade. However, […]

2011 to be a record year for German carmakers, industry group says

2011 to be a record year for German carmakers, industry group says

German carmakers will have a record year with sales clearly higher than last year, Germany’s Bild newspaper reported, citing Matthias Wissmann, chairman of the German carmakers’ association – the VDA. Wissman said he expected a “considerable jump” in car sales this year from the 317 billion euros ($422 billion) reported […]