Plant Closings

Russia approves $166 million in subsidies for car plants

March 20, 2015 09:47 CET

Russia will provide carmakers with 10 billion rubles ($166 million) in subsidies in a bid to support an industry struggling to cope with the country's economic downturn. The Russian car market is forecast to shrink by up to 35 percent in 2015 after falling by 10 percent last year....
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GM's Russia sales hit by low adaptability to consumers, ruble fall, report says

March 19, 2015 10:59 CET

GM's car sales in Russia suffered because the company did not adapt to Russian consumer needs, the government's industry and trade ministry was quoted as saying. GM is idling its St. Petersburg plant and pulling Opel and mainstream Chevrolet models from the market....
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Cooper-Standard plans to close factories in Europe in cost-cutting move

Feb. 10, 2015 06:01 CET

U.S. supplier Cooper-Standard Automotive plans to shutter factories and cut jobs in Germany and France as it restructures its European operations.The company, which has 12 factories in western Europe, declined to name which factories will be closed or downsized....
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Opel reaches severance deal with workers at Bochum, Germany, plant

June 16, 2014 17:18 CET

Opel has reached a severance deal with workers at its factory in Bochum, Germany, a crucial step in the GM unit's restructuring to return to profitability....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

PSA, Honda have factories at risk of closure, analysts say

June 10, 2014 06:01 CET

A number of car factories are at risk of closure because of overcapacity in the European auto industry. PSA's factory in Rennes, France, and Honda's plant in Gebze, Turkey, are highest on the list, according researchers....
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Automotive News
Special Video Report
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.
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