PSA/Peugeot-Citroen will seek further plant cuts from French unions to reduce overcapacity, CEO Philippe Varin said. Varin said that production line shutdowns were “exactly the discussion we are having” but said he would present cutbacks to unions before announcing details.
A Tennessee state legislator is trying to prove that the governor promised Volkswagen AG additional incentives if the company kept the UAW out of its two-year-old Chattanooga plant.
It has been stated that we now live in the age of speed, and this fact can be seen in many aspects of our life.
From a nondescript building in a quiet industrial park in suburban Detroit, General Motors has shipped nearly 40,000 hand-built engines for some of the automaker’s fastest cars.
Nissan Executive Vice President Andy Palmer thinks increased competition from German automakers in electric vehicles will be a good thing for his company. Big investments in EVs made by Volkswagen and BMW will help to persuade customers in Germany, Europe’s biggest market, to consider buying an electric car, Palmer said at the Frankfurt auto show.
