Opel confirms Bochum plant to close in late 2014April 17, 2013 17:13 CET  GM's Opel unit solidified plans to close its car plant in Bochum, Germany, at the end of 2014 after workers rejected a wage freeze, the first shutdown of an auto factory in the country since World War II.... Read More »
Renault gains union OK to cut 7,500 jobs, freeze payMarch 6, 2013 14:19 CET  Renault can eliminate 7,500 jobs and freeze wages as part of a labor deal offering increased domestic production, after one of the main French unions at the carmaker gave their approval today.... Read More »
Fiat expects full employment of its Italy work force in 3 to 4 yearsJan. 18, 2013 06:01 CET Fiat will reach full employment of its work force at Italian plants in the next three to four years, CEO Sergio Marchionne said.... Read More »
Ford, GM could face combined quarterly losses of $1 billion in EuropeOct. 29, 2012 14:34 CET Ford and General Motors, struggling to reverse growing operating losses in Europe that could amount to a combined $1 billion, will each report plunging profits this week as they take different paths to fixing their operations in the region.... Read More »
NEWS ANALYSIS PSA must prepare for a tough fight over French plant closureAug. 15, 2012 09:57 CET  Within hours of an announcement to close a PSA plant near Paris, the first car factory closure in France in 20 years, the automaker's unions went on the attack, with one union likening themselves to a ''political bomb'' ready to detonate. The move is in stark contrast to the reaction of U.S. unions four years ago after a automakers there slashed production capacity in exchange for government assistance.... Read More »
EU opens door to Japan trade talks, new era of dealsJuly 17, 2012 06:01 CET  The EU is expected go ahead with talks on a potentially groundbreaking free-trade deal with Japan despite opposition from carmakers. The European Commission is set to announce on Wednesday it is ready for talks that it hopes will help start a revival of Europe's stagnant economy. A deal with Japan would build on last year's agreement with South Korea.... Read More »
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