Transportation

Peugeot to cut cash burn in half in 2013: CEO

PSA Peugeot Citroen plans to reduce its monthly cash burn excluding restructuring costs by half to 100 million euros ($133 million) next year, Chief Executive Philippe Varin said in an interview published in Le Monde newspaper.

Opel sees no alternative to closing Bochum plant

General Motors Co's Opel unit came a major step nearer closing its Bochum plant in Germany, telling the roughly 3,000 workers it had not changed its mind about ending vehicle production in 2016.

Opel sees no alternative to closing Bochum

Opel said efforts to try to rescue its Bochum car plant in Germany had been to no avail and it still intended to stop vehicle production there in 2016.