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Aston Martin to axe a third of jobs
Mon, 01 Dec 2008Aston Martin today announced 600 potential redundancies. It is consulting with the unions to lose 300 permanent jobs and 300 temporary staff By Tim Pollard Motor Industry 01 December 2008 14:00 Aston Martin announced at 2.00pm today that it is to cut a third of its UK workforce in a response to a slump in sales. The company, based in Gaydon, Warwickshire, said it today launched a consultation with the unions to cut 300 permanent jobs and 300 temporary posts – out of a total of 1850 employees.
Volkswagen XL1: Geneva Motor Show 2013
Sat, 09 Mar 2013The VW XL1 is going in to limited production with the promise of 314mpg and a price tag likely to be £100,000. Surprisingly, one of those ‘Super’ cars is a Volkswagen that will cost £100,000 and has all the attributes of a supercar. Except its party trick is extreme performance in economy, rather than performance.
GM files plan for stock offering
Wed, 18 Aug 2010General Motors Co., moving to unwind itself from government control, on Wednesday filed plans to go public and begin selling common shares as early as this fall. The filing--anticipated for weeks--came just 13 months after GM was restructured in bankruptcy with $50 billion in direct aid from the U.S. government.