Question-and-Answer Session
Operator
(Operator Instructions). Your first question comes from the line of Andrew DeAngelis with KeyBanc Capital Markets. Please proceed.
Andrew DeAngelis - KeyBanc Capital Markets, Inc.
Good morning guys.
Thomas Burke
Good morning Andrew.
Andrew DeAngelis - KeyBanc Capital Markets, Inc.
First of all, I just want to touch on the state of your restructuring activities prior to these latest actions that you've taken to deal with the effects of the credit crisis. Could you may be walk just through the state of the plant closures et cetera going on in North America at this point.
Thomas Burke
I mean I think as we've announced we've got the plant closures still in process.
Andrew DeAngelis - KeyBanc Capital Markets, Inc.
All right.
Thomas Burke
We've got a separatist discontinued operations team that is providing oversight of that. We're on schedule to that plan. We're obviously are evaluating each change for improving or optimizing how we can move that forward, faster than our targets. We still remain on track, and there is no change in outlook for projected cost or savings at this time. So, I mean, other than I guess if you want to dive down in more detail, we can, but I'd to say that we're on track, on schedule to what we're doing in North American and clearly as we mentioned before we've got some work to do in Europe in the same fashion.
Andrew DeAngelis - KeyBanc Capital Markets, Inc.
Great. And then in terms of your anticipated divestiture of the Korean business. Could you maybe take us through where you stand relative to that process given the dynamics in the markets?
Thomas Burke
Andrew let me just respond to that question. Certainly the economic environment globally, but also in particular the significant drop in the Korean economy is making that process challenging. But we do have a third party advisor engaged who is actively working with the company and working with prospective Korean, primarily Korean based buyers to evaluate this business and we do at this point still remain confident that we will be able to find the right buyer and move forward with that transaction. We're certainly not exactly on the timeline that we had previously laid out, but we will provide updates as they become available.
Andrew DeAngelis - KeyBanc Capital Markets, Inc.
Great. And then I guess, could you maybe highlight, I know you guys talked about expanding your share relative to the EURO-6 mandate. That's kind of been out there for sometime. Have you guys received any specific orders relative to the EURO-6 standard yet?
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