Opel employees demonstrate against planned wage cuts in the German plants. They fear that more jobs will be cut and that the plant will probably have to close soon.
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.
French carmaker PSA has reported a strong sales increase for the first three months of the year after taking over struggling German auto manufacturer Opel. Employees at Opel's sites in Germany fear layoffs.
According to a media report, automaker Opel is being investigated for manipulating vehicle emissions on about 60,000 cars worldwide. It is the first time the company has been named since Dieselgate broke in 2015.
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.
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