Mexican Media Brands
PSA: Cutting Costs By €1 Billion Won’t Be Enough
6/28/2012PSA Peugeot Citroen has informed union officials that it must deepen its cost reduction plan beyond the €1 billion target announced in February because of the deepening slump in Europe's auto market, Reuters reports.
Opel Board Approves Restructuring Plan
6/28/2012The supervisory board of General Motors Co.'s Opel unit says it has given the green light to a turnaround program that includes higher exports, "massive" product investment and reductions in development, engineering and material expenses.
Opel Board Approves Restructuring Plan
6/28/2012The supervisory board of General Motors Co.'s Opel unit says it has given the green light to a turnaround program that includes higher exports, "massive" product investment and reductions in development, engineering and material expenses.
PSA: Cost Cuts of $1.2 Billion Won’t Be Enough
6/28/2012PSA Peugeot Citroen has informed union officials that it must deepen its cost reduction plan beyond the €1 billion ($1.2 billion) target announced in February because of the deepening slump in Europe's auto market, Reuters reports.
U.K. Economy Contracts, German Job Losses Mount
6/28/2012The U.K.'s gross domestic product shrank 0.3% in the first quarter of 2012 compared to the previous three months, the Office for National Statistics says.
Eurozone Confidence Slumps to 32-Month Low
6/28/2012The economic confidence of consumers and executives in June fell to the lowest level since October 2009 in the eurozone but remained stable across the broader EU, according to the European Commission.
U.S. Economy Grew Modestly in First Quarter
6/28/2012America's gross domestic product expanded 1.9% in the January-March period from the previous three months, the Dept. of Commerce says.
Mexican Supplier Alfa Acquires J.L. French
6/28/2012Mexico's Alfa ABA has completed the purchase of closely held J.L.
Fiat Resumes Carmaking in China After Five Years
6/28/2012Fiat SpA has begun producing the Viaggio small sedan in Changsha, China, with partner Guangzhou Automobile Group Co. after two previous failed joint ventures.
Truck, Van Sales Drop 18% in Europe
6/28/2012Commercial vehicle registrations across Europe fell to 141,000 units in May from 172,100 a year earlier, according to industry group ACEA.