/

Browse restructuring articles

GM restructures India operation and evaluates car portfolio to boost sales


General Motors Co is restructuring its Indian operation and it is also evaluating its product portfolio, as it looks to revive falling sales and increase market share in the country, Asia’s third-largest economy. Mary Barra, General Motors CEO, said that “There are many aspects of the business that we need to work on to make sure we are efficient. In China ...
Read more

related more
spacer
spacer

More restructuring articles

Ford on schedule with European recovery plan
According to Alan Mulally, which is almost ready to retire as Ford’s CEO, the company is advancing as planned with its European unit, which should come out clean next year ...
Report – PSA seeks some pay reductions from workers
According to a person familiar with the matter, Europe’s second largest car manufacturer will ask French workers to cut overtime pay and accept more flexible working conditions in order to ...
Faurecia Might Close Eight Plants by 2017, Most of Them Located in Europe
According to an anonymous source Faurecia will close eight plants in the following four years, most of them located in Europe. Most of the facilities to be closed are located in ...
Ally and ResCap Reach Deal to Complete Restructuring
Ally Financial reached a deal with Residential Capital’s major creditors which would allow the company to complete its bankruptcy restructuring. This move is expected to allow the US Treasury, which still ...
PSA Peugeot Citroen transfers half of Aulnay plant’s workforce to Poissy
PSA Peugeot Citroen convinced its employees to close the Aulnay plant earlier than scheduled, by moving half of the workforce to the Poissy plant. The French carmaker's restructuring measures have divided ...
Peugeot’s Restructuring Plan Temporarily Suspended by Paris Court
PSA’s decision to cut 8,000 jobs in France has been temporary suspended by the Paris Court of Appeal. The ruling was made public today, January 29th, and state that the court ...
GM Plans Gradual Restructuring for Opel
GM announced it will choose a gradual restructuring for Opel despite rumored pressure from the French government for a more transformative alliance with PSA. Unlike its rival Ford Motor, which chose ...
GM to sell French transmission plant to steam losses
General Motors Co., has announced that will sell a transmission plant in France to a private Belgian company as part of an effort to and losses in Europe. According to GM, ...
Fiat’s Shares Down Due to Restructuring Plan
Fiat’s shares have dropped as investors fear that the automaker will have to raise fresh cash to be able to buy Chrysler Group. According to Philippe Houchois, a London-based UBS analyst, ...

latest automotive news
Caterham survival takes another step on Monday
Dec.21 (GMM/Inautonews.com) The future of ailing F1 team Caterham will be decided on Monday. The backmarker team as well as ...
2015 Ford Mondeo arrives in Romania – short test drive inside
Ford Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, ...
Ricciardo pace ‘a factor’ in Vettel exit – Horner
Dec.20 (GMM/Inautonews.com) Daniel Ricciardo's surprising pace was "probably a factor" in the decision taken by Sebastian Vettel to leave ...
Ecclestone determined to change 2016 engine rules
Dec.20 (GMM/Inautonews.com) Bernie Ecclestone has confirmed reports he remains determined to shake up F1's engine rules. We reported that, at ...
De la Rosa leaves Ferrari, Vergne signs up
Dec.20 (GMM/Inautonews.com) Ferrari has confirmed speculation Pedro de la Rosa is vacating his test-driver post. It was rumoured the 43-year-old ...
2016 CT6 Cadillac gets streaming rearview technology
The streaming video rearview technology will expand the driver’s vision in the upcoming 2016 CT6, eliminating any rear seat, rear ...
US: Ally gets out of 6 years bailout
Ally Financial Inc. stated that it would finally resolve its bailout after the U.S. government will sell the last $1.25 ...
Daimler puts aside €600 million for EU antitrust investigation
The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that ...
Renault-Nissan and AvtoVAZ merge into Russia’s biggest auto parts buyer
AvtoVAZ and the Renault-Nissan alliance will come together in terms of purchasing activities in Russia. The merged unit will now ...
Report – Volkswagen will meet its 2017 cost-cutting goal
Volkswagen CEO, Martin Winkerton, has said according to a source that the carmaker is on the right track to reach ...
GM’s bankrupt predecessor helps customers get the $10 billion compensation
General Motors customers gained a new friend in their run for the compensation worth $10 billion. The automaker’s bankrupt predecessor ...
F1 to have new engine rules in 2016 – report
Dec.19 (GMM/Inautonews.com) F1 is now speeding towards yet another new set of engine regulations. On Thursday at a Geneva meeting ...
GM and Jaguar Land Rover stopped deliveries to Russia
In response to the slide in the rouble’s value, automakers, General Motors and Jaguar Land Rover included, decided to stop ...
Uber wants to patent its gouging prices
While critics accuse Uber of price gouging over the high fees asked in Sydney for the people who were fleeing ...
Ford closes Genk Plant in Belgium
With a production of around 14 million cars over the past 50 years, Ford shut the doors of its plant ...
Price of U.S. gas reaches under $2.50 a gallon
U.S. drivers are paying less than 2.50 dollars a gallon at the gasoline pump for the first time in more ...
Toyota will invest $126M to expand powertrain operations
Toyota announced today that it will invest $126 million in the expansion of its powertrain operations in Ann Arbor and ...
Spyker declares bankruptcy
On Tuesday, Spyker, the Dutch sportscar maker which owned Saab, was declared bankrupt when not succeeding to secure a loan ...