GM, Ford step up efforts to reduce costs in Europe

Article Abstract:

Responding to losses in their European markets, General Motors Corp. and Ford Motor Co., are seeking ways to reduce production costs. General Motors' German subsidiary Opel AG is negotiating with workers to extend work hours without increasing wages. Ford's Jaguar PLC plans to cut production in the U.K. by an estimated 12%.

United Kingdom, Europe, Foreign operations, Germany, Sales, profits & dividends, Forecasts, trends, outlooks, Production management, Personnel administration, Work Schedules, Work hours, Forecasts and trends, Compensation and benefits, Negotiation, mediation and arbitration, Market trend/market analysis, Ford Motor Co., Company sales and earnings, Opel AG, Company earnings/profit, F, Jaguar Cars Ltd., Hours of labour, GM Daewoo UK Ltd.

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GM agrees to pay Fiat $1.99 billion to settle dispute

Article Abstract:

General Motors Corp. untangles from Fiat S.p.A. with a costly payment of $1.99 billion to end their alliance. The automobile giants gain some breathing room with losses in Europe and struggles for market share around the globe.

Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Company Profile

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GM has no plans to help recapitalize its Fiat auto unit

Article Abstract:

General Motors Corp. (GM) said that it was not planning to recapitalize its Fiat S.p.A. unit. However, GM's chief executive, Rick Wagoner, would not rule the possibility of recapitalization out.

Strategy & planning, Planning, Company business planning, Automotive industry, Wagoner, G. Richard, Jr.

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