GM Korea seeks to trim benefits, wages, letter says

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 second-half net income falls 24% on r&d push, U.S. tax charge

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.


Visteon lands record new business in 2017

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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