Turmoil at Opel under new owner PSA of France – Victims still feel pain of Rana Plaza collapse - First 'human-free' bank branch opens in Shanghai
Auto industry executives gathering this week for the Paris Motor Show see plenty of reasons to worry: from global trade tensions to challenges posed by e-cars and stringent emissions targets. Janelle Dumalaon reports.
Peugeot maker PSA Group has achieved record profits of €1.7 billion in the first half of the year, after revenues jumped 40 percent. The recently acquired Opel-Vauxhall business has returned to the black.
BMW is following in the footsteps of its German rivals like Mercedes and Audi by investing a billion euros in a new plant in Hungary. The Central European country has become an attractive location for German carmakers.
Britain’s business secretary Greg Clark is meeting the CEO of PSA Carlos Tavares in Paris to discuss job cuts at the Vauxhall car factory. UK politicians and unions are concerned about the future of the plant.
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