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Report: Goodyear to close plant in northern France

Report: Goodyear to close plant in northern France

Tyre maker Goodyear is preparing to shut down a French plant that employs 1,250 workers near the northern city of Amiens. According to a French government official quoted by French newspaper Le Monde, the plan will be presented at a January 31 works council meeting. “We’ve been informed of the […]

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EU Industry Commissioner vows to help Europe’s car sector

EU Industry Commissioner vows to help Europe’s car sector

EU Industry Commissioner Antonio Tajani today promised to take action to help Europe’s suffering carmakers. Tajani said he will address the automotive sector’s problems and restructuring in “an urgent and co-ordinated way”. The commissioner said he will gather industry leaders, representatives of the workers and top politicians to address issues […]

Peugeot Expects Rivals to Close Plants in Europe Too

Peugeot Expects Rivals to Close Plants in Europe Too

Peugeot is certain that rival automakers will be forced to close plants in Europe too, to deal with overcapacity. Chief Executive Philippe Varin told Les Echos said that as the European market struggles with overcapacity for some time now, it will be inevitable for certain plants on the continent to […]

Will Ford Manufacture the Mondeo in Mexico?

Will Ford Manufacture the Mondeo in Mexico?

Analysts draw attention on Ford’s ‘restructuring plan’ for its troubled European operations. Recently the automaker announced it is working on a ‘restructuring plan’ for the European market, which includes a plant closure here, possibly one of the two facilities in Genk, Belgium, where the company manufactures the Mondeo, Galaxy and […]

PSA Peugeot Citroen seeks state aid to prevent job loses

PSA Peugeot Citroen seeks state aid to prevent job loses

The struggling carmaker PSA Peugeot Citroen wants government aid on top of wage concessions as a condition for averting a second French auto plant closure, Reuters reports citing internal sources with knowledge of the matter. PSA Peugeot Citroen, Europe’s second largest carmaker announced last week it would cut 8,000 jobs […]

How does the world work?

How does the world work?

How does the world work? Some say the world is crisis, but luxury brands post strong sales Well, the world is in crisis right? Well yes. Greece is clearly bankrupt. They organized last elections with borrowed money. In Spain, well in Spain more than half of young peoples are out […]