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GM, Peugeot target savings, test history with alliance

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.
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Peugeot cuts 8,000 jobs to end losses, shuts plant

News / Independent News : Yes, But, However! (2 years ago)

PARIS (Reuters) - French automaker PSA Peugeot Citroen announced 8,000 job cuts and the closure of an assembly plant as it struggles with mounting losses at the core automotive division. Read Post

Peugeot cuts 8,000 jobs; Opel axes CEO

News / Independent News : Yes, But, However! (2 years ago)

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

Peugeot urges action on labor costs amid job cuts

News / Independent News : Yes, But, However! (2 years ago)

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


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