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GM will propose a base wage freeze and no bonuses this year along with a suspension of some worker benefits at its money-losing South Korean unit to cut costs, according to an internal letter.
Valeo's net income fell 24 percent in the second half of 2017 as the supplier faced adverse exchange rates and raw material prices, invested more into r&d and took a one-off tax charge.
Electronics supplier Visteon reported record new business gains in 2017 and a dip in sales in the fourth quarter resulting from discontinued operations and customer pricing.
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