Penske Automotive Group proposes to purchase Saturn from General …
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(AFX UK Focus) 2009-06-05 18:30 Continental AG to cut 2,600 automotive jobs-paper (Interactive Investor)FRANKFURT, June 5 (Reuters) - German automotive supplier Continental AG plans to cut about 10 percent of jobs at its Automotive division, a spokeswoman for the company told German daily Frankfurter Allgemeine Zeitung. The company would cut about 2,600 jobs at the division by 2010, she said. German union IG Metall Bayern had said in a statement that Continental planned to cut more than 2,000 .
Stock futures signal gains ahead of jobs data (Reuters News)U.S. stock index futures pointed to a higher open on Wall Street on Friday, ahead of key monthly jobs data.
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GM to sell Saturn to Penske Automotive (Louisville Courier-Journal)General Motors Corp. today announced Penske Automotive Group will acquire the Saturn brand by the end of the third quarter.
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