Transportation equipment industry
The UK's car manufacturing sector has received a significant boost as Peugeot and Citroen, two of the country's major car manufacturers, plan to create 900 jobs in the UK. According to Stephen Byers, the Trade and Industry Secretary, 200 of these jobs will be created as
Transportation equipment industry
The UK car industry has received a major boost with the announcement of Peugeot's Y2 million grant aid to create 900 new jobs at its UK base, with up to 200 of those jobs going to the long-term unemployed as part of the New Deal programme. Additionally, a
BMW Group
Ford President Jacques Nasser emphasized the automaker's commitment to its independence, ruling out any potential acquisition of German counterpart BMW AG. Nasser, however, stopped short of confirming or denying a report that Ford is about to hire former BMW board member Wolfgang Reitzle as head of global development.
BMW Group
Prime Minister Tony Blair emphasized that the UK government will not offer special treatment to BMW's struggling Rover car plant at Longbridge, suggesting that any financial assistance would be considered on a case-by-case basis, like any other company. Blair reiterated that the government is not at the stage
BMW Group
Bernd Pischetsrieder, the top executive of BMW A.G., resigned after a seven-hour boardroom battle, marking a significant overhaul of top management at the German automaker. The move has sparked concerns about BMW's commitment to remaining independent, as well as its ability to steer Rover, a British manufacturer
BMW Group
Speculation surrounding the future of BMW's Longbridge plant in Birmingham reached a fever pitch today as claims emerged that Chairman Bernd Pischetsrieder was set to resign. This announcement comes just months after the departure of Rover UK boss Dr Walter Hasselkus, who was a champion of the Birmingham
Transportation equipment industry
A new twist has emerged in the takeovers and mergers sweeping the motor industry, with reports suggesting that Ford is exploring a $10 billion partnership with BMW. This potential tie-up would have significant implications for 70,000 jobs in the UK, with some streamlining inevitable. As the world's
Transportation equipment industry
Thousands of Rover workers took part in a ballot described as the "most crucial vote in the company's history," with the future of the factory's top executives hanging in the balance. The vote will determine whether BMW can secure a £2 billion investment in
Transportation equipment industry
BMW unveiled a groundbreaking productivity deal with unions at the Rover Group, which will save Rover's giant Longbridge factory in Birmingham but lead to more than 2,500 job cuts. The deal, which brings cost savings of $150 million by 2000, will enable Rover to move workers from
Transportation equipment industry
BMW's supervisory board meeting in Munich will consider approving Rover Group's agreement with unions, securing car production and a £1.5 billion investment in return for 2,500 redundancies and flexible working practices. The deal has received unanimous backing from shop stewards representing Rover workers. Meanwhile,
Transportation equipment industry
As the United Kingdom remains a prominent manufacturer of cars, its role as a hub for cutting-edge automotive innovation is dwindling. The latest trends indicate that an increasing number of new car models conceived and developed overseas. The British car industry's most celebrated brands, including Jaguar, Range Rover,
United Kingdom
The British economy was dealt another significant blow today with the announcement of almost 4000 job losses across various industries. The crisis at the Rover car plant, which employs 14,000 workers, was averted following a deal between management and the unions to keep the plant open. However, 2500 jobs
