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AUTO INDUSTRY

The car industry hits the brakes

The auto industry is one of the hardest-hit victims of the global financial crisis. Tens of thousands of jobs are at stake worldwide. Detroit's once-mighty GM is on the brink of collapse, while in France, Renault employees fear job cuts.
GM to take 7% stake in alliance with Peugeot
29/02/2012 - AUTO INDUSTRY

GM to take 7% stake in alliance with Peugeot

France's PSA Peugeot Citroen and General Motors announced plans for an alliance late Wednesday in a move that would see the US automaker taking a 7% stake in Europe's second-biggest car manufacturer, which hopes to raise €0.74 billion in the sale.
GM returns to stock market with record stock offering
18/11/2010 - ECONOMY

GM returns to stock market with record stock offering

GM pulled off the biggest initial public offering in US history on Wednesday, raising 20.1 billion dollars after returning to the stock market following a US taxpayer-funded bailout. The US stalwart floundered during the credit crisis.
GM posts healthy quarterly profit ahead of share offering
10/11/2010 - AUTO INDUSTRY

GM posts healthy quarterly profit ahead of share offering

US carmaker General Motors announced a two-billion-dollar profit for the third quarter on Wednesday, in further evidence of the company's return to health ahead of a planned initial public offering.
GM chief executive Whitacre to step down amid IPO speculation
12/08/2010 - AUTO INDUSTRY

GM chief executive Whitacre to step down amid IPO speculation

General Motors announced Thursday that CEO Ed Whitacre will step down in September as the largest US car manufacturer prepares to relist on the stock exchange after receiving $50 billion in government funds for bankruptcy restructuring.
France - employment: GM staff vote for pay freeze
20/07/2010 - TALKING POINTS

France - employment: GM staff vote for pay freeze

How far would you go to save your job? Quite far, as it's turned out for staff at a GM factory in Strasbourg here in France. They've decided their jobs are worth not just accepting pay freezes, but also kissing goodbye to the much-envied 35 hour week...
GM’s Strasbourg staff vote ‘yes’ to pay freeze to protect jobs
20/07/2010 - FRANCE

GM’s Strasbourg staff vote ‘yes’ to pay freeze to protect jobs

Employees of the General Motors plant in Strasbourg gave a ringing endorsement Monday of a plan that includes stringent new cost-cutting measures and harsher working condition so General Motors can take back the plant from administrators.
Dirty dinners
10/07/2010 - ENVIRONMENT

Dirty dinners

Genetically modified salmon that grows twice as fast as the natural kind could soon be given the FDA stamp of approval for human consumption in the US, but the Frankenfish is not whetting everyone’s appetite. Meanwhile, sounding the alarm over the Seine: authorities say fish swimming in the French capitals river should not be eaten. But what happens further down stream when this river enters the sea?
GM recalls more than one million vehicles
09/06/2010 - USA

GM recalls more than one million vehicles

Auto giant General Motors has recalled over 1.3 million vehicles in the United States due to fears that an electrical fault linked to windshield wiper fluid systems could cause them to catch fire, according to US government documents.
US auto giant GM reports first quarterly profit since 2007
17/05/2010 - AUTO INDUSTRY

US auto giant GM reports first quarterly profit since 2007

General Motors reported Monday a post-bankruptcy quarterly profit for the first time in three years of nearly 900 million dollars. It had reported a post-bankruptcy 2009 loss of 4.3 billion dollars.
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