Cost Cutting

Daimler plans years of cost cuts to offset investments to reduce CO2 emissions

Feb. 26, 2015 10:26 CET
Daimler plans to offset higher costs for technology to cut CO2 emissions with material cost savings for at least the next few years, Chief Financial Officer Bodo Uebber said....
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Daimler launches new Mercedes cost-cutting drive to help reach profit goal

Feb. 5, 2015 14:39 CET
Daimler will launch a new efficiency program at its Mercedes cars unit to dampen the acceleration in its growing cost base as the company seeks to achieve record vehicle sales, revenue and profits for 2015....
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VW could beat 5 million euro savings goal, exec says

Jan. 29, 2015 16:09 CET
VW Group ought to be able to cut costs at its passenger-car brand by "substantially more" than the 5 billion euros ($5.7 billion) planned by the carmaker's top management, VW works council chief Bernd Osterloh said....
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Automakers' efforts to cut costs damages supplier relations, survey says

12:01 am U.S. ET | Dec. 22, 2014
Relations between automakers and suppliers are deteriorating largely because of intensifying cost-cutting demands, according to a survey....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Suppliers hit back against automakers' cost-cut demands

Dec. 12, 2014 06:01 CET
Relations between automakers and suppliers are deteriorating as vehicle manufacturers seek annual price decreases as high as 10 percent, according to the 2014 Global OEM-Supplier Relations Study conducted by IHS Automotive....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How Renault is cutting costs through more synergies with Nissan

Nov. 10, 2014 06:15 CET
Thierry Bollore has the task of boosting synergies with alliance partner Nissan in his role as chief competitive officer and joint No. 2 at Renault. Bollore spoke about this challenge and other future plans with Automotive News Europe....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Lotus boss will add dealers, cut costs to return struggling brand to profit

Nov. 6, 2014 06:01 CET
New Lotus CEO Jean-Marc Gales has launched a cost-cutting plan at the money-losing automaker that will include axing over a quarter of employees. The former No. 2 at PSA says his next task is to add more dealers....
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Audi wants $2.5 billion in annual cost cuts to offset tech spending, reports say

9:01 am U.S. ET | Oct. 8, 2014
Audi wants to rein in costs by about $2.5 billion a year to offset surging spending on new technology, according to people familiar with the matter....
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Audi seeks to reduce annual costs by 2 billion euros, report says

Oct. 8, 2014 14:45 CET
Audi wants to reduce annual costs by about 2 billion euros ($2.5 billion) to safeguard profit margins, sources said. The automaker will seek to limit expenditure growth in areas such as development, purchasing and manufacturing, the sources said....
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Mercedes reorganizes manufacturing operations to reduce costs

Sept. 10, 2014 11:44 CET
Mercedes is reorganizing its manufacturing operations away from a production network controlled by individual factories to a leaner system centered around vehicle architectures and model lines....
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VW CEO to address workers about billions in planned cost cuts

1:49 pm U.S. ET | July 22, 2014
Volkswagen's CEO will address thousands of workers at its biggest plant on Wednesday as he attempts to win their support for cost cuts at the carmaker's core VW brand....
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VW aims to save 5 billion euros to lift profitability

July 15, 2014 15:27 CET
VW Group plans to reduce costs at its namesake brand by 5 billion euros ($6.8 billion) by 2017 as it seeks to lift sagging profitability after efficiency gains have failed to keep pace with rising labor costs....
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BMW plans multi-billion cost cuts to maintain profitability, report says

June 18, 2014 13:55 CET
BMW CEO Norbert Reithofer has hired management consultants from McKinsey to help draw up cost cuts aimed at saving between 3 billion to 4 billion euros a year, a German business magazine said....
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2014 AUTOMOTIVE NEWS EUROPE CONGRESS

Toyota Europe's profit rebound built on hybrid sales, cost-cutting

June 4, 2014 11:15 CET
Toyota is now solidly profitable in Europe on the back of rising hybrid sales and aggressive cost-cutting across its operations, head of Toyota Europe Didier Leroy told the Automotive News Europe Congress in Brussels....
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BMW plans to cut 100 million euros of German labor costs per year, report says

June 2, 2014 22:11 CET
BMW intends to cut 100 million euros ($136 million) of German labor costs annually from 2015 onwards, a German newspaper reported, citing workers' representatives....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

PSA CEO Tavares targets VW as he scraps unprofitable cars, upgrades DS subbrand

May 8, 2014 06:15 CET
PSA's Carlos Tavares is aiming the company's Peugeot brand directly at Volkswagen Group's core VW unit as the CEO seeks to transform Peugeot into an upmarket volume manufacturer as part of a wider turnaround plan at the struggling French automaker....
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Daimler names Brecht as company's top workforce representative

May 2, 2014 09:27 CET
Daimler's supervisory board has chosen Michael Brecht as its deputy chairman replacing Erich Klemm, in a move that may smooth management-labor relations at the automaker....
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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....
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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....
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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....
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