General Motors to Save $664 Mln Through European Cuts
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General Motors Corp., the world&#39;s biggest carmaker, will save 500 million euros ($664 million) annually after cutting 11,500 jobs and reorganizing its European division.
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General Motors Corp.  was warned of another possible cut in its debt rating on Monday, a day after the world's largest automaker said it would spend about &#36;2 billion (1.55 billion euros) to end its troubled alliance with Fiat Spa .
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FRANKFURT: General Motors Europe will chop 12,000 jobs over two years - around a fifth of its workforce - to lop 500 million euros ($673m) from costs at the loss-making business, it reaffirmed yesterday.First ...
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Roughly 5,600 German employees of General Motors Corp. have agreed to accept buyouts offered as part of the world's biggest automaker's efforts to slash jobs in Europe, a labor official said Friday.
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General Motors Corp. said Thursday it will slash 12,000 jobs from its money-losing European operations -- nearly one in five of its jobs there -- by the end of 2006 in order to save $617 million per year.
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General Motors Corp., the world&#39;s biggest carmaker, faced wider production cutbacks in Europe as a six-day protest against job-cut plans spread and a shortage of parts from Germany halted work at a Belgian car plant.
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General Motors Corp. GM.N was warned  of another possible cut in its debt rating on Monday, a day  after the world's largest automaker said it would spend about  $2 billion (1.55 billion euros) to end its troubled alliance  with Fiat Spa FIA.MI.
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No. 1 automaker&#39;s plan may affect 20% of European work force as it aims to save $500Ma year. FRANKFURT  - General Motors, the world&#39;s largest automaker, is expected to unveil a plan this week to cut
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General Motors Corp. reported a net profit on Wednesday of $950 million for the fourth quarter of 2006 due to cost cuts, higher automotive revenues and a gain on the sale of its finance division
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General Motors Corp. GM.N on  Wednesday said fourth-quarter earnings fell 37 percent due to  growing U.S. health-care costs and bigger losses from its  European automotive operations.
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General Motors is reviewing its European operations as it aims to trim costs in the loss-making division. The US car maker said production could be reduced but dismissed reports it had already decided to cut 3,000 jobs.
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General Motors Corp.'s third-quarter earnings rose 3.5 percent, but the company's automotive business lost $130 million primarily because of heavy losses in Europe and lower production and intense pricing pressure in North America.
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General Motors Corp., the world's biggest automaker, has pledged to avoid plant closures and forced layoffs in Europe as it seeks to return its money-losing European operations to profitability, worker representatives said Wednesday.
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General Motors Corp.  on Wednesday said it swung to a profit with its delayed fourth-quarter results as it cut costs through a sweeping restructuring and saw gains in its core auto operations.
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General Motors, the world's biggest carmaker, is set to reveal the thrust of an eagerly awaited reorganisation plan for its loss-making European operations this week, according to an industry source.
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General Motors may bundle its  European operations in a new company based in Brussels in a  move to cut costs and simplify management structures, a German  newspaper reported on Saturday.
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General Motors Corp.  on Wednesday posted weaker fourth-quarter earnings due to growing U.S. health care costs and bigger losses from its European automotive operations.