Retirement

Ford's Europe unit hit by pension cost hike, Fields says

Feb. 5, 2015 12:51 CET

Ford CEO Mark Fields said rising pension costs and Russia's sales slump led the automaker to scrap its profit target for Europe. Ford says it expects to narrow its 2015 pretax loss in Europe, but the figure will exceed the $250 million loss it previously projected....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW's struggles in key markets threaten momentum as post-Piech era looms

July 7, 2014 06:01 CET

VW Group Chairman Ferdinand Piech has succeeded in creating an automotive giant with huge cash reserves. However, problems gaining a foothold in key markets and a delicate power balance could threaten VW after Piech departs....
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PSA seeks 500 job cuts at French plant

June 25, 2014 16:27 CET

PSA will offer workers at its plant in Rennes, France, early retirement benefits to reduce headcount at the site by about 10 percent. PSA builds the Peugeot 508 and Citroen C5 in Rennes....
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Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota's Lentz in Texas: A Lexus regret, fixing 'starved' Scion, the next Prius

Toyota North America CEO Jim Lentz is a pioneer. He and a handful of other employees moved to north Texas last September to help build the automaker's new U.S. headquarters.
» Watch the Video