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Saab China: Deal to sell Saab to Youngman & Pang Da is already in trouble
Sat, 05 Nov 2011Will GM stop the sale of Saab to China? Selling Saab to China was always going to be fraught with difficulties. The initial deal Victor Muller seemed to have brokered with Youngman and Pang Da was to sell a majority stake in Saab for €245 million but leave Victor Muller in charge.
PSA Peugeot-Citroen: Factory closures & 8,000 job losses planned
Fri, 13 Jul 2012PSA Peugeot Citroen has revealed it is to close one factory, cut job numbers elsewhere and shed a total of 8,000 jobs as demand for its cars dwindles. When we reported last year that Peugeot Citroen were planning to idle their plant in Trnava, Western Slovakia we said that this was just the tip of the iceberg for Peugeot Citroen, and that they would have to take far more drastic action if they were to survive. They must have been listening.
Audi e-bike glides in to Worthersee
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