After almost 20 years of losses, GM’s former European division is profitable one year after being sold to the parent company of Peugeot/Citroën. There are obviously many reasons, but some that stood out to me:
– an agreement with labor to trim salary costs by reducing the standard workweek to 35 hours from 40.
– assembly output reduced in Rüsselsheim to 42 vehicles per hour instead of 55 to “focus on cars customers actually want to buy.”
– On the Corsa model which starts at about $14,000, there are 10 possible infotainment systems, down from 57 (!) and there are now 9 windshield / wiper options, down from 16.
- New to Hot Stamping? March 30, 2019
- Combat Risk of Job Loss with Training March 15, 2019
- Aluminium Alloy Differences and Designations March 8, 2019
- Body Structure Part Strength on the 2019 Chevy Silverado March 1, 2019
- iPhones will be Assembled in the US? Unlikely. February 21, 2019
- Mazda Uses 1300 MPa (190 ksi) Cold Stamped Steel February 11, 2019
- SpaceX Starship/BFR Rocket Materials February 4, 2019
- Thinner is not always better January 24, 2019
- 20,000 to be hired by 2023 at POSCO as part of US$40 billion investment January 18, 2019
Tweets by @DannyEQSMy Tweets