Porsche wants to cut jobs, extend working hours
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Porsche, the German maker of luxury sports cars, wants to extend working hours and cut jobs, its chairman said in a newspaper interview at a time when other car makers in Germany are also drastically reducing their workforce in an attempt to drive down costs.
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Automaker Chrysler Group announced plans Wednesday to cut 13,000 jobs through 2009 as it attempts to stem rising losses.
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We get the inside line on Porsche's plan for a gas-electric version of its forthcoming Panamera and the latest word on the Cayenne hybrid slated for production by 2010.
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Volkswagen AG is threatening to eliminate 30,000 jobs ahead of next week&#39;s wage talks with unions as Europe&#39;s biggest carmaker seeks cost cuts similar to agreements reached by other German companies, including DaimlerChrysler AG.
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Better to drive a Land Rover or a Jeep, under Red Green Ken Prestige/performance car maker Porsche is to challenge London Mayor Ken Livingstone's punitive Â£25-a-day "gas guzzler" traffic-charge, to be levied on cars with high CO2 emissions. The car firm will seek a judicial review of the mayor's policy.â¦
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AUBURN HILLS, Mich. -- Analysts say 10,000 hourly workers probably will lose their jobs as part of DaimlerChrysler's effort to cut costs at its Chrysler Group by more than $2 billion, or $1,000 for every car sold in the United States.
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Porsche, the German maker of luxury sports cars, revised upwards Monday its figures for earnings in the six-month period to January.
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Blog: Porsche offers more details to shareholders, while more photos pop up on blogs
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Luxury car firm Porsche said Tuesday it will mount a legal challenge to a plan to more than triple the charge for "gas guzzling" vehicles entering central and west London.
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Airbus  is considering extending its workweek to 40 hours from 35 hours without compensation as part of the European planemaker's restructuring plans, German magazine Focus reported.
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German sports car maker Porsche  aims to raise its stake in German car maker Volkswagen (VW)  to 51 percent, the German current affairs weekly Der Spiegel reported.
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French carmaker PSA Peugeot -Citroen is cutting 10,000 jobs, or 7 percent of its European workforce, and is imposing a hiring freeze as it tries to cut costs amid a sales slump .
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Europe&#39;s biggest carmaker said 30,000 jobs could be cut in Germany if unions do not agree to cost-cutting plans. Volkswagen is pushing for a wage freeze and more flexibility in working hours to counteract falling sales.
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Volkswagen AG, Europe&#39;s biggest carmaker, may cut 30,000 jobs, or almost a fifth of its German workforce, if the labour union representing workers does not agree to a wage
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DETROIT -- Ford Motor Co.ÃÂ ÃÂ Ford Motor Co. said Friday that it plans to cut 10,000 more salaried jobs, offer buyouts to all hourly workers and shut down two more plants as part of a dramatic restructuring plan designed to rein in expenses and restore the struggling automaker to profitability.
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German carmaker Porsche expects its streak of strong earnings to continue in the current fiscal year that ends in July, the company said on Wednesday.
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Luxury automaker Porsche AG said Friday it expects a 4.5 increase in net profit for the first half of 2005 with brisk sales of its redesigned mainstay 911 sports car.