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Showing results for tags 'cost cutting'.
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FCA and PSA merged to save cash. Earlier this year, Fiat Chrysler Automobiles and PSA Group finalized their merger, creating Stellantis. The two joined forces in an effort to cut costs while also creating the world’s fourth-largest automaker. The new conglomerate has promised not to cut jobs or...
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Renault plans to cut 7,500 jobs in France by 2016 as a result of declining sales in Europe. This represents 17 percent of its current workforce in the country. The company would achieve its target mainly by not replacing retiring workers and by offering early retirement. The French carmak...
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[extract] The Eurozone debt crisis seemed to have taken its toll on the sales of PSA Peugeot-Citroen. The Group
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Opel, the struggling European arm of General Motors Co , took a key step towards returning the brand to long-term profitability after its supervisory board voted in favor of a midterm business plan that included "massive" investments in its model range. The plan also envisages cost cuts, new models...
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[extract] Some of Fiat
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[extract] Chief designer-group interior of VW
