Companies
Euro Giants Clinging On
May 2006 | Market Trend AnalysisVW has been dominating the headlines as it fights for its future on many fronts. The ForMotion programme has reportedly delivered an improvement to the bottom line of EUR3.5bn, contributing to a 55% rise in operating profit for the first quarter of the year. However, at EUR726mn this was still below expectations. In March, VW sold its Europcar rental company for EUR3.32bn to Eurazeo of France leaving the car manufacturer to focus on improving plant productivity, personnel costs and re-organising component production. The company is attempting to persuade labour unions to accept 20,000 job redundancies but it has been reported
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