Ferdinand Piech and Wolfgang Porsche could hardly be more different. Piech is a wiry and driven engineer who has dedicated his life to automobiles. The soft-spoken Porsche, by contrast, seems more comfortable stalking...
FCA CEO: ‘zero interest’ in pursuing merger talks with VW CEO
The top executive of automaker Fiat Chrysler Automobiles NV (FCHA.MI) (FCAU.N) said on Wednesday that he has “zero interest in pursuing” merger talks with his counterpart at Volkswagen AG (VOWG_p.DE)...
Volkswagen CEO says not ruling out merger talks with Fiat Chrysler
Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller said he did not rule out he could hold merger talks with Fiat Chrysler (FCHA.MI) boss Sergio Marchionne, in a marked change of tone by the German carmaker toward...
Restructuring: Tata Motors rolls out VRS, moves to a flat five-level hierarchy
Tata Motors, India’s largest automobile maker, has started rolling out a voluntary retirement scheme (VRS) for its employees as part of its organisational restructuring exercise. This is part of a human resources (HR)...
Tata Motors, Volkswagen buckle up for a joint ride
Tata Motors, the country’s largest automobile maker by revenue, will partner the world’s biggest maker in the sector, Volkswagen, and the latter’s group company, Škoda, to jointly develop vehicles, targeted at emerging...
Tata Motor’s deal with VW could be a technical pact or a JV: Guenter Butschek
Tata Motors managing director Guenter Butschek has flagged off a massive transformation drive at the company. In an interview to ET on the sidelines of the Geneva International Motor Show, Butschek explains the logic...
Daimler has no plans to buy Aston Martin: CEO
Daimler (DAIGn.DE) has no plans to raise its minority stake in loss-making luxury carmaker Aston Martin, the German company’s Chief Executive Dieter Zetsche said on Tuesday. “We had all opportunities to...
In talks with Volkswagen for partnership: Tata Motors
Tata MotorsBSE -1.12 % today said it is in talks with the world’s largest automaker Volkswagen for a possible partnership. The company is exploring various opportunities, including partnership in its new advanced...
VW CEO sees no immediate trouble from PSA-Opel deal
PSA Group’s (PEUP.PA) purchase of General Motors’ (GM.N) Opel division will cause no immediate problems for Volkswagen’s (VOWG_p.DE) core autos division, which is undergoing major restructuring, VW...
PSA agrees to buy Opel from GM, wins board approval – sources
France’s PSA Group (PEUP.PA) struck a deal with General Motors (GM.N) to buy the U.S. carmaker’s loss-making Opel division, two sources with knowledge of the matter told Reuters. The board of PSA, which...
GM plans to sell stake in East African unit to Isuzu
General Motors Co on Tuesday said it plans to sell its majority ownership stake in General Motors East Africa to its Japanese partner Isuzu Motors Ltd, as the U.S. carmaker continues to streamline by exiting non-core...
GM CEO ‘exploring opportunities’ for Opel with Peugeot
General Motors (GM.N) Chief Executive Mary Barra said on Tuesday the Detroit automaker is exploring opportunities with French automaker PSA Group (PEUP.PA), but declined to discuss a potential sale of its money-losing...
