/

Browse restructuring plan articles

Volvo Plans to Implement a $780M Restructuring Plan


Volvo recently announced its plans to invest $780 million in the following two years, part of its restructuring plan. "The programme encompasses both reduction of white collar employees and consultants and efficiency enhancements in the global industrial system," the company wrote in a statement. The automaker did not say how many jobs will be affected by the restructuring plan. The world's second ...
Read more

related more
spacer
spacer

More restructuring plan articles

Investment Dar Might Sell Aston Martin in 4-7 Years Part of Restructuring Plan
Investment Dar plans to use its shares in Aston Martin to back a new credit facility and the company might sell the luxury automaker in 4-7 years, part of its ...
Peugeot Restructuring Plan Delayed Due to Court Challenge
PSA Peugeot Citroen had to delay the implementation of its restructuring plan due to a new court challenge. PSA Peugeot Citroen has delayed the important works council meeting by more than ...
Ford’s Job Cuts and Plant Closures in Europe Not Enough for Revival
Although Ford will close plants and cut jobs in Europe to stem losses, this might not be enough as sales continue to fall in the region. Ford had to deal with ...
Bochum Workers to Vote GM’s Restructuring Plan
Today, March 21st, workers at Bochum plant, Germany, will vote on Opel’s restructuring plan aimed at cutting costs. Since 1999, GM has lost $18 billion in Europe and agreed to continue ...
Three Labor Unions Agreed With Renault’s Restructuring Plan
Three labor unions signed deals with Renault allowing the automaker to proceed with its restructuring plan. The agreement is “exemplary because it’s a consensual one, signed by organizations representing more than ...
Renault gets approval from third labor union for job cuts
Renault gained the backing of a third labor union to implement its restructuring plan which involves eliminating 7,500 jobs and freezing wages. “We agreed to sign the deal,” Fred Dijoux, the ...
Report: Opel’s new CEO will stick to restructuring plan
Opel's new CEO Karl-Thomas Neumann backs the carmaker's restructuring plan. According to a report from Automobilwoche cited by Automotive News Europe, the former VW executive has seen the Drive 2022 plan ...
Volvo announces 1,000 new layoffs for 2013
Volvo Car Corporation announced on Wednesday it would cut about 1,000 jobs and slash $237 million in costs by the end of this year. The Swedish automaker wants to reverse recent ...
Opel/Vauxhall to launch 23 new models and 13 new engines by 2016
Opel has revealed details of its 10-year plan for growth, which includes the launch of 23 new models by 2016. GM Europe interim president Steve Girsky has revealed details of the ...

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 ...