GM’s South Korean unit and its labor union failed to reach a wage deal after another round of talks that sought to avert a bankruptcy filing for the unprofitable operation. Talks will continue over the weekend.
German police arrested the head of powertrain development at Porsche in connection with parent Volkswagen Group’s sweeping diesel emissions violations.
The alliance between Renault and Nissan needs to come up with a sustainable plan — something “irreversible” — for a future when Carlos Ghosn is no longer around as chairman to guide the partnership, the top executive says.
PSA boss Carlos Tavares, who is no stranger to thrashing out difficult labor deals, is now taking on Germany’s powerful IG Metall union, which has been the undoing of many a cost cutter.
An Ontario judge approved a settlement worth up to $229 million with about 20,000 owners of 3.0-liter VW, Audi and Porsche diesel vehicles in Canada affected by VW’s emissions violations.