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cost cutting

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    Report: VW's Winterkorn tells 20,000 staffers of big cost-cutting plans
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    During a gathering of 20,000 Volkswagen Group employees at company headquarters in Wolfsburg, Germany on Wednesday, CEO Martin Winterkorn dropped a bombshell. The boss stated that the automaker isn't operating efficiently enough and admitted the company needs to radically start cutting back to ...

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    Report: GM to axe 100 R&D positions
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    General Motors has confirmed it will cut 100 research and development positions at its Warren, Michigan, Technical Center and will close another R&D lab in Bangalore, India. The cuts are about a 25-percent reduction in the Warren facility and are part of a "global restructuring." "These moves ...

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    Mercedes-Benz helping Chrysler cut $1,000 per vehicle
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    The Chrysler Group is looking for advice from other DaimlerChrysler divisions on how to cut the cost of each vehicle it produces around $1,000 on average. DaimlerChrysler CEO Dieter Zetsche told CNBC in Paris that executives from Mercedes-Benz in particular were helping put together a plan to make ...

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