Volkswagen Group will invest up to 500 million euros to modernize and expand its plant in Bratislava, Slovakia, a report said.
Tag Archives: report says
Opel CEO warns that 2016 profit target is under threat, report says
Opel CEO Karl-Thomas Neumann (photo above)has warned top managers that the General Motors unit’s 2016 profit target is under threat from economic setbacks, according to German daily paper Bild.
VW will oust Klaus-Gerhard Wolpert, report says
Volkswagen will oust its head product strategist, Klaus-Gerhard Wolpert, sources said, as the German carmaker is pushing efforts to raise profitability at its core brand dented by high fixed costs and falling sales.
Mahindra nears deal to buy Saab maker, report says
India’s Mahindra & Mahindra is close to sealing a deal to buy National Electric Vehicle Sweden (NEVS), the investment group that bought the assets of Saab Automobile two years ago, the Financial Times reported.
Opel unions upset over output plans for Karl, Corsa, report says
General Motors’ Opel unit faces labor unrest in Germany over future output of the Corsa subcompact and the Karl minicar, a German business magazine reported.
Opel unions are angry that the Karl and its Vauxhall-badged sibling, the Viva, will be made at a GM plant in Korea that is being stretched beyond its capacity rather than at an underutilized German plant Bilanz reported.
