Cost Cutting

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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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....
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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....
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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....
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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....
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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....
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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....
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