The company is stepping up a cost-cutting plan announced last October, and now aims to achieve €1 billion in savings this year. Last October the company announced plans to cut 6,000 jobs to save €800 million in 2012.
The company also aims to raise €1.5 billion through asset sales, including property and a stake in its Gefco logistics subsidiary.
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David McHugh in Frankfurt, Germany, and Tom Krisher in Detroit contributed to this article.
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