Logistics

Opel keeps Bochum logistics center open to fulfill contract

May 22, 2013 06:01 CET
Opel will keep a spare-parts distribution center open until 2016 at its plant in Bochum, Germany, as long as two years after car production ends at the site. The plant, which makes the Zafira minivan, is scheduled to close by the end of 2014 after workers rejected a restructuring plan in March that would have extended manufacturing there for another two years.... Read More »

 

Port strike deadline raises pressure for Obama intervention

1:56 pm U.S. ET | Dec. 27, 2012
President Barack Obama is facing pressure to block a strike that would gridlock East Coast ports and risk damaging industries that include auto manufacturing.... Read More »

 

Automakers will scrap 15,000 new vehicles damaged by Sandy

9:36 am U.S. ET | Nov. 7, 2012
Toyota, Chrysler, Nissan and Honda plan to scrap about 15,000 vehicles damaged by Hurricane Sandy as automakers and dealers continue assessing the storm's impact. Including used autos and those of individual owners, as many as 200,000 may have to be replaced, said Larry Dixon, senior analyst for the National Automobile Dealers Association.... Read More »

 

PSA's Varin says no further asset sales planned after Gefco deal

Nov. 5, 2012 14:05 CET
Following the signing of a deal on Monday to sell PSA's 75 percent stake in Gefco to Russian Railways for 800 million euros ($1.03 billion), the carmaker's CEO Phillipe Varin said the company was not planning any further asset sales.... Read More »

 

PSA confirms in Gefco talks with Russian Railways

Sept. 20, 2012 08:19 CET
PSA is in exclusive talks to sell 75 percent of its Gefco trucking unit to OAO Russian Railways for about 800 million euros ($1.04 billion), the carmaker said on Thursday.... Read More »

 

PSA may sell Gefco stake to Russian Railways, union says

Sept. 15, 2012 12:49 CET
PSA may sell a majority stake in its Gefco trucking unit to Russian Railways after the state-owned company made the highest offer, a union official said.... Read More »

 

Russian Railways mulls bid for PSA's Gefco logistics unit

Aug. 30, 2012 15:01 CET
Russian state railway monopoly Russian Railways has considered bidding for French carmaker PSA's logistics division Gefco, according to materials produced for a Russian Railways' board meeting seen by Reuters on Thursday.... Read More »

 

PSA prepares finances for Gefco suitors, sources say

July 26, 2012 06:01 CET
PSA is working on a financing package to help push through the sale of logistics unit Gefco, people familiar with the process said.... Read More »

 

GM signs European logistics deal with Peugeot unit

8:31 am U.S. ET | July 2, 2012
General Motors today signed a deal to transfer the bulk of its European logistics operations to a unit of France's PSA Peugeot Citroen starting next year in order to focus on its core car business, the two carmakers said in a joint statement.... Read More »

 

Dynamic executives honored as Automotive News Europe Rising Stars

June 20, 2012 22:00 CET
PSA, Ford, GM, Kia, Volvo and Johnson Controls were among the companies to have an executive named as a Rising Star by Automotive News Europe. Fifteen young and talented leaders were honored for their achievements in this year's awards presented in Monte Carlo.... Read More »

 

PRODUCTION LINE

Rail-car shortage hampers vehicle shipments

12:01 am U.S. ET | June 18, 2012
North American automakers are struggling with a shortage of rail cars used to transport cars and light trucks from assembly plants to dealerships.... Read More »

 

Rail-car shortage hampers auto shipments

12:01 am U.S. ET | June 12, 2012
North American automakers are struggling with a shortage of rail cars used to transport cars and light trucks from assembly plants to dealerships.... Read More »

 

Vehicle transporter Allied back in bankruptcy

6:35 pm U.S. ET | June 11, 2012
Allied Systems is back in Chapter 11 bankruptcy. The Decatur, Ga., vehicle transporter and 18 subsidiaries entered into bankruptcy protection on Sunday after some lenders last month submitted an involuntary Chapter 11 petition against the company.... Read More »