Renault SA Chief Executive Carlos Ghosn on Tuesday painted a gloomy outlook for car makers in Europe this year. Automobile sales in the region could decline between 2% and 3%, while France, Renault’s home market, faces a between 5% and 6% drop in sales, Mr. Ghosn said.
01/3/2012
— Filed under: Business
Tags: Renault, sales
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Romania ranks second in the EU for entrepreneurial intentions in 2011, with 24,7 points, according to the Global Entrepreneurship Monitor (GEM) 2011 report. Latvia ranks first with 24,8 points. Romania is followed by Poland, Slovakia, Hungary, Latvia, and Croatia.
Blockades by Italian lorry drivers on strike over fuel prices have led to the country’s biggest car-maker, Fiat, halting production at five factories.
12/26/2011
— Filed under: Business
Tags: Fiat factories, strike
A 45 percent drop in UniCredit SpA shares over four days after Italy’s biggest bank announced a rights offer may deter European lenders from asking investors for help to meet requirements that they replenish capital.
12/22/2011
— Filed under: Business
Tags: stock sales, Unicredit
EU antitrust regulators accepted concessions offered by International Business Machines Corp to end an antitrust investigation and avert a possible fine, the European Commission said on Wednesday.
General Motors’ European subsidiary Opel has set an ambitious target for 2016, when it wants to reach a profit of €1 billion.
The executive board of network-equipment vendor Nokia Siemens Networks said it has decided not to take on any new business in Iran and will gradually reduce its existing commitments, effective Jan. 1, 2012.
11/28/2011
— Filed under: Business
Tags: contract, expost, Nokia Siemens
Renault-Nissan, the automotive group, is taking a nuanced approach in India as it attempts to meet the unique demands of customers and business partners in the country.
11/25/2011
— Filed under: Business
Tags: India, Renault-Nissan
The European Union said it will sue Italy over rules restricting investment in companies, including Finmeccanica SpA, Enel SpA and Telecom Italia SpA, that allow the government to interfere in management decisions.
11/18/2011
— Filed under: Business,Politics
Tags: investments, Italy, Telecom Italia SpA
The European Commission Thursday said it will sue Germany for a second time over the country’s so-called Volkswagen law which it says violates free movement of capital in the European Union and effectively shields the company from a hostile takeover.
11/13/2011
— Filed under: Business
Tags: Germany, Volkswagen
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