DETROIT/PARIS (Reuters) - General Motors Co and PSA Peugeot Citroen will form a global alliance targetting a cut in annual costs of at least $2 billion without plant closings or job cuts in Europe, in a deal announced on Wednesday.
PSA Peugeot Citroën has been based in its current offices, located less than half a mile from the iconic Arc de Triomphe in Paris, for a half century now. But the latest word has it that the French automaker is planning on leaving t... Read Post
PARIS/MUNICH (Reuters) - The woes confronting Europe's auto industry surfaced dramatically Thursday when France's PSA Peugeot Citroen announced 8,000 job cuts and a plant closure and Germany's Opel got its fourth CEO in less than th... Read Post
PARIS (Reuters) - PSA Peugeot Citroen boss Philippe Varin called for the French government to take action to reduce labor costs, a day after the automaker announced 8,000 job cuts and the country's first car plant closure in two dec... Read Post