29 Oct 2009, 08:53 UTC · By: Bogdan Popa / Last week, Magna received what seemed to be the first good news in months for the company: Opel's Spanish workers agreed with a restructuring plan which basically means the local labor unions w...
26 Oct 2009, 08:35 UTC · By: Bogdan Popa / The Spanish government has decided to extend the subsidies programme in the country by granting 40 million euro to the scheme which, according to local officials, would support the acquisition of 80...
23 Oct 2009, 13:16 UTC · By: Bogdan Popa / ...in case labor unions are rejecting the last proposal issued by the Canadian - Austrian partsmaker. Spain's industry minister Miguel Sebastian said according to Reuters that Magna might shut ...
23 Oct 2009, 06:51 UTC · By: Bogdan Popa / Canadian - Austrian partsmaker Magna International reached a new agreement with workers at the Spanish production plant in Zaragoza, this time reducing job cuts to 900 workers. The company was initi...
22 Oct 2009, 09:39 UTC · By: Bogdan Popa / Indian company Tata Motors recently purchased the remaining 79 percent in Hispano Carrocera, a Spanish bus and coach manufacturer, using its call option. Tata already held a 21 percent stake in the ...
20 Oct 2009, 10:28 UTC · By: Daniel Patrascu / Speculation about a possible Plan B from American carmaker GM to keep Opel, in case Magna fails to take over, regardless of the reason, may be taken to a whole new level after today's GM board ...
20 Oct 2009, 08:38 UTC · By: Daniel Patrascu / The Opel-Magna deal still hangs in the balance this week, with problems intensifying in Spain, one of the few regions were Magna did not manage to get the support of the local Opel workers. Today, t...
14 Oct 2009, 13:12 UTC · By: Bogdan Popa / Magna has already reached an agreement with British unions but the company failed to come to a conclusion with Spanish leaders. Well, the Canadian - Austrian partsmaker today submitted a new proposa...
13 Oct 2009, 08:13 UTC · By: Bogdan Popa / Magna has already announced that it will cut around 1,350 jobs in Spain but the local government is willing to continue negotiations with the new Opel owner to ensure the stable and long term future...
7 Oct 2009, 09:32 UTC · By: Bogdan Popa / French car manufacturer Renault will bring three new models at the Spanish production facility in Valladolid, in a move supposed to extend the life of the plant. Heavily affected by the economic rec...
6 Oct 2009, 06:44 UTC · By: Bogdan Popa / Under the strong pressure of unions and politicians, Magna, often referred to as the new Opel owner, promises to cut fewer jobs at the Spanish plant. According to original restructuring plans, Magna...
28 Sep 2009, 14:20 UTC · By: Bogdan Popa / Just like several other European countries, Spain is asking for European Union intervention as the Magna - Opel deal might favor Germany who agreed to provide financial support for the Canadian - Au...
28 Sep 2009, 09:18 UTC · By: Bogdan Popa / Even if they marched against Magna's projected job cuts, several Spanish workers are going to be laid off temporarily as a broader attempt of General Motors to align production with market dema...
21 Sep 2009, 07:57 UTC · By: Bogdan Popa / Things are getting worse for Magna International, the Canadian - Austrian partsmaker recently picked by General Motors to become Opel's new owner. Thousands of Spanish Opel workers demonstrated...
3 Sep 2009, 10:13 UTC · By: Bogdan Popa / Even if it's still reticent over the future of Opel, General Motors is seeking for a 1 billion euros funding package from the governments of Spain, the UK and Poland. Furthermore, in case it wo...
27 Aug 2009, 14:58 UTC · By: Bogdan Popa / Japanese manufacturer Nissan recently announced it plans to cut its Spanish workforce by around 2,000 jobs as the company is currently experiencing decreasing demand for the vehicles built in the co...
3 Aug 2009, 08:35 UTC · By: Bogdan Popa / Ford, the only US giant who survived without government funding in the domestic market, wants to reduce workforce in Spain by around 600 employees. The company has already informed unions of its pla...
31 Jul 2009, 10:06 UTC · By: Daniel Patrascu / After experiencing some of the worst decline in Europe, if not the world, in terms of sales, the Spanish automotive industry is on a rebound, as Spanish Asociacion Espanola de Fabricantes de Automov...
1 Jul 2009, 14:33 UTC · By: Daniel Patrascu / Finally, after months of battling the economic crisis, Spain sees the light of day as new vehicle sales recorded slight improvement in the country, largely thanks to the scrappage incentives set up ...
25 Jun 2009, 13:56 UTC · By: Bogdan Popa / The newly-launched Renault Megane is selling incredibly well, which forces the French manufacturer boost production at its Palencia factory in Spain. Renault announced the production of the new mode...