A fight exploded this week between German auto giant Volkswagen and Fiat boss Sergio Marchionne after he said VW's low prices were wrecking the industry – and VW called for his removal from head of the European car lobby.
Italy's Fiat Industrial will close five European plants of its truck subsidiary Iveco before year end to concentrate production at one German site, the firm's director told the Ansa news agency Sunday.
General Motors' German unit Opel and its 25,000 employees were staring into the abyss on Friday after the two firms bidding to take control appeared to get cold feet.
Talks aimed at saving General Motors Europe's Opel unit broke down amid acrimony between Germany and the United States on Thursday as fears mounted for tens of thousands of jobs across Europe.
General Motors on Wednesday transferred control of its European factories and patents to its German subsidiary Opel, paving the way for it to be hived off from the beleaguered US auto giant.
Canadian auto parts maker Magna is in pole position in the race to take over struggling General Motor's German subsidiary Opel, a key local politician said Friday.
German Economy Minister Karl-Theodor zu Guttenberg on Thursday said he could imagine using a government-backed trust to help save embattled carmaker Opel.
German carmaker Opel, a unit of General Motors, has said it will slash the salaries of around 300 executives in Europe as part of a drastic cost-cutting program.
Italian carmaker Fiat is prepared to guarantee that Germany’s four Opel plants will stay open if it takes over the troubled General Motors subsidiary, news magazine <i>Der Spiegel</i> reported on Monday.