Cost Cutting

Daimler to increase cost cuts to narrow profit gap with BMW, Audi

April 9, 2014 15:39 CET
Daimler will continue to cut costs at Mercedes-Benz to help its premium brand narrow the profitability gap with rivals BMW and Audi.... Read More »

 

BRUCE GAIN

Renault to gain most from closer ties with Nissan

12:01 am U.S. ET | March 20, 2014
Renault stands to benefit the most from deeper ties with alliance partner Nissan, industry watchers believe.... Read More »

 

New PSA boss Tavares eyes further cost cuts

March 3, 2014 21:32 CET
PSA/Peugeot-Citroen may seek more cost savings and does not rule out capacity cuts in France after 2016 if they are needed to turn the struggling carmaker around, new CEO Carlos Tavares said.... Read More »

 

PSA widens French work force cutbacks

Jan. 28, 2014 12:31 CET
PSA aims to widen its planned work force cutbacks beyond 11,200 jobs in France by offering early retirement packages to encourage an additional 3,500 employees to leave by 2016.... Read More »

 

Volvo CEO says carmaker returned to profitability in 2013

Jan. 14, 2014 09:29 CET
Volvo CEO Hakan Samuelsson said the automaker returned to profitability after fixing its business in China and making cost cuts. He said the company will focus on growth this year with new products such as the XC90.... Read More »

 

Volkswagen steps up cost cuts as Europe sales slide

Sept. 24, 2013 15:04 CET
VW is stepping up efforts to reduce costs at its namesake passenger car brand to offset shrinking demand in Europe.... Read More »

 

VW denies it may miss profit goals on slow growth, higher MQB costs

12:01 am U.S. ET | Sept. 21, 2013
VW denied that the company may miss its profit goals because of slower growth and higher-than-expected costs for the ramp up of its MQB architecture.... Read More »

 

VW denies it may miss profit goals on slow growth, higher MQB costs

12:01 am U.S. ET | Sept. 20, 2013
VW denied that the company may miss its profit goals because of slower growth and higher-than-expected costs for the ramp up of its MQB architecture.... Read More »

 

VW denies it may miss profit goals on slow growth, higher MQB costs

Sept. 19, 2013 15:41 CET
VW denied that the company may miss its profit goals because of slower growth and higher-than-expected costs for the ramp up of its MQB architecture.... Read More »

 

Nissan to suppliers: Move closer

12:01 am U.S. ET | Aug. 12, 2013
Nissan wants about 100 parts to be made near its U.S. plants, but after three decades of vehicle production in this country, Nissan is only about one-fourth of the way to that goal, estimates Bill Krueger, Nissan senior vice president for manufacturing, purchasing, production engineering and supply chain management.... Read More »

 

Nissan studies plants, suppliers to shave its costs

12:01 am U.S. ET | July 29, 2013
Nissan Motor Co. is attempting to pare U.S. operating costs by rethinking the way it buys parts, builds cars and moves cars and components around the continent. The company won't say how much it hopes to save in the far-ranging campaign, except that the amount is significant. "We're looking throughout the supply chain," says Dan Bednarzyk, who is heading the campaign.... Read More »

 

GM joins program to cut energy costs

12:01 am U.S. ET | July 1, 2013
General Motors has joined a U.S. Department of Energy program to cut energy costs at 25 of the company's U.S. facilities.... Read More »

 

Renault-Nissan alliance posts record cost savings for 2012

June 27, 2013 11:49 CET
Renault-Nissan said annual cost savings from their alliance rose to a record $3.5 billion last year. The companies cooperate on purchasing, manufacturing and design and have a new joint modular-production strategy.... Read More »

 

BEST PRACTICES

Stores' weekly scrutiny of bills pays off

12:01 am U.S. ET | June 24, 2013
During the depths of the recession, Texas dealer Greg May knew he needed to look at all options to limit expenses. After scrutinizing monthly financial statements with his office manager, May realized that he had to involve all of his department leaders. May saw big results from the beginning.... Read More »

 

GM puts ex-labor chief back on the battlefield

12:01 am U.S. ET | June 17, 2013
Last week, Diana Tremblay was reassigned from her post as GM's top manufacturing executive in North America to lead a newly formed business unit charged with whacking away at the company's bureaucracy. The idea is to wring out nearly $2 billion in cost savings by streamlining everything from human resources to facilities management.... Read More »

 

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How a Texas Toyota store solved used-car-supply challenge

How a Texas Toyota store solved used-car-supply challenge

Mike Shaw Toyota in Corpus Christi, Texas, struggled to find good used cars. So it started providing free appraisals to service customers and offered to buy their vehicles on the spot. Mon., April 14
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