A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday.
BERLIN (Reuters) - A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday.
SINDELFINGEN, Germany (Reuters) - Germany's largest industrial union IG Metall will get its biggest pay rise in 20 years after agreeing to a 4.3-percent pay increase deal with employers at the end of marathon talks that ended just before dawn on Saturday.
DETROIT (Reuters) - General Motors Co will start a second shift in July with 600 workers at the Lansing, Michigan, plant that will make the new Cadillac ATS sedan, the company said on Tuesday.
GENEVA/BRUSSELS (Reuters) - Under the lights of the Geneva motor show in March, Europe's top auto executives boasted about the new features of their latest models and tried to out-hype their rivals.
GENEVA/BRUSSELS (Reuters) - Under the lights of the Geneva motor show in March, Europe's top auto executives boasted about the new features of their latest models and tried to out-hype their rivals.
GENEVA/BRUSSELS (Reuters) - Under the lights of the Geneva motor show in March, Europe's top auto executives boasted about the new features of their latest models and tried to out-hype their rivals.
FRANKFURT (Reuters) - Daimler's <DAIGn.DE> Smart brand of two-seater cars is to add electric scooters to its range from 2014, following up on this year's launch of a new battery-powered version of its Smart ForTwo car, it said on Thursday.
DETROIT (Reuters) - Seven automakers, including General Motors Co and Ford Motor Co, have agreed to adopt a fast-charging system that can charge electric vehicles and plug-in hybrids in as little as 15 minutes.
Surging Chinese demand for sporty sedans and SUVs like the BMW 7 Series and Porsche Cayenne helped propel the two German luxury carmakers to record first-quarter profits, underscoring their growing dependence on Asian customers.
FRANKFURT (Reuters) - Surging Chinese demand for sporty sedans and SUVs like the BMW <BMWG.DE> 7 Series and Porsche <PSHG_p.DE> Cayenne helped propel the two German luxury carmakers to record first-quarter profits, underscoring their growing dependence on Asian customers.
FRANKFURT (Reuters) - Surging Chinese demand for sporty sedans and SUVs like the BMW <BMWG.DE> 7 Series and Porsche <PSHG_p.DE> Cayenne helped propel the two German luxury carmakers to record first-quarter profits, underscoring their growing dependence on Asian customers.
TOKYO (Reuters) - General Motors Co <GM.N> first proposed taking a controlling stake of more than one-third in Isuzu Motors Ltd <7202.T> - an investment worth some $3 billion - but is now seeking a smaller holding after the Japanese truck maker said it wanted to remain independent, a person with direct knowledge of the talks said.
BEIJING (Reuters) - Thousands of Chinese consumers already have the T-shirt. All Fiat-Chrysler boss Sergio Marchionne has to do now is sell them the car.
MILAN (Reuters) - Pressure is rising for EU initiatives to help the European car industry recover from its five-year slump and win its battle with chronic overcapacity.