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Transportation Business News
EU, South Korea in huge trade deal, but car dealers upset  The European Union has reached its biggest ever free trade agreement (FTA) with a third country, South Korea, paving the way for a potentially massive rise in exports in a deal that has ired auto Tata Motors pays off Jaguar debt, launches new car with Fiat  Flexing its growing strength as a major worldwide auto maker and deals with European Union companies, India’s Tata Motors raised $750 million by issuing global depository receipts (GDRs) and convertible bonds to pay off debts Germany moves to reassure EU over Opel rescue plan  Germany moved to reassure its European Union partners about its rescue plan for Opel, insisting that it would not violate the bloc's strict rules on state aid. "Every step is being co-ordinated with all of GM wants Germany’s help, but Berlin wants its assets  US carmaker General Motors Corp, which will likely be in bankruptcy by the end of this month, has pleaded for help from the German government to support its ailing European operations, but German Economics Minister Lufthansa’s bmi takeover gets the EU lift-off German airline Lufthansa has been given the go- ahead by the European Commission’s competition watchdog to take control of competing carrier British Midland (bmi.) Lufthansa, which already owns just under 30 pe cent of bmi Transatlantic airline alliances get the EU’s scrutiny  With more and more mergers between airline companies, even as some fail, The European Union said it will launch an anti-trust probe into cooperation deals between members of the Star Alliance and Oneworld airline groups Germans develop ships to build offshore windparks German companies said they are to order four new high technology ships which will be able to lower stilts 50 metres to the seabed and jack themselves up. Cranes on the vessels may need only Sweden Cyprus issue critical Swedish Foreign Minister Carl Bildt has said there is now a unique window of opportunity for settling the seemingly irresolute Cyprus issue given that Turkey’s membership evaluation by the European Union will take place at The EU and Fiat wrangle over Opel After setting off an outcry in Germany, Italian carmaker Fiat sparred with a European Union official over its feelers to acquire General Motors’ Opel and Vauxhall brands in Europe at a time when the whole Germany wavers on GM's Opel unit rescue German officials are increasingly reluctant to arrange a separate rescue deal for Opel, the German subsidiary of General Motors (GM) after concluding that it has no assets, a news magazine reported. At the same time, EUROPEAN COMMISSION: Public private partnership rewritten EU commissioner Janez Potocnik and high-level representatives of the automotive, construction and manufacturing sector, which are particularly affected by the economic downturn, agreed yesterday that considerable progress in the implementation of smart investment in eco-friendly Qatar says it wants to invest in the German car industry Qatar has plans to invest in Germany, and has not ruled out a possible stake in ailing carmaker Opel, the emir of the Gulf state said in an interview. “We will definitely invest in Germany,” EIB throws a 3 billion Euro lifeline to EU’s car makers  As Europe’s car makers stumble and fall, some on the edge of extinction, the European Investment Bank (EIB) has moved to save them, approving three billion Euro in loans to right some and see if No lifeline yet for Opel, it wants out from under GM  After a meeting with the heads of the ailing General Motors, German Economics Minister Karl-Theodor zu Guttenberg said there was no decision in sight on state aid for its offshoot Opel, while officials of the Greece, MIG "close deal" for sale of Olympic Airlines  Hours before Marfin Investment Group (MIG) reportedly threatened to walk away, the Greek government sealed a deal on March 6 with the countrys largest buyout firm MIG for the sale of Olympic Airlines. The Greek Volvo plan to hike bonuses slammed by Reinfeldt  Moves by Swedish heavy-vehicle maker Volvo to raise bonuses to top managers while planning to slash thousands of jobs in its Swedish home-base have been blasted by, among others, Prime Minister Fredrik Reinfeldt, who said Turkish Airlines to pay compensation for plane crash  Turkish Airlines on March 3 announced that it was prepared to immediately pay compensation to the families of those killed and all surviving passengers on board flight TK 1951 which crashed while approaching Amsterdam's Schiphol France pushes for EU support for troubled car makers After getting approval that a plan to provide funding for its own beleaguered auto manufacturers didn’t violate EU rules against subsidies, France is now pushing for more help for car makers in other countries. The China seizes crisis to boost its global influence  It is an odd gesture for a developing country to buy 37,000 BMW’s at times of economic mayhem. Yet, this is exactly what China did when it came shopping in Europe last week. It has Daimler takes a big hit and sees another coming  German carmaking giant Daimler recorded a fourth quarter loss of 1.53 billion Euro (USD 1.93 billion) on February 17, and warned the group faced slumping into the red during the first-quarter of this year. The |
EU-Russia energy game EU budget: Naming and Shaming of Member States allowing fraud A message for Turkey: tear down Cyprus’ wall now! India says global warming is not to blame for Himalayan glacier melt A misled Merkel takes a swipe at GM over its Opel U-turn Lesbian Bisexual Gay and Transexual (LBGT) organisations across Europe cooperate under the umbrella of the International Lesbian and Gay Association This coming Thursday evening, November 19 during the “Last Supper,” the 27 heads of the EU Member States will decide The end of World War II found the United Kingdom winners, but literally bankrupt. The After months of networking, secret briefings, it seems that the candidates for the Council President In a meeting in Washington with the current Swedish Presidency of the European Union, US President Barack Obama said that As the United States and NATO have urged European countries to take a bigger role Europe must step up its efforts in Afghanistan if it wants to avoid straining relations Six months after they met in London and established a $1.1 trillion-dollar support package for As the first top British diplomat to visit Moscow in recent five years, British Foreign Secretary David Miliband wrapped up Despite French carmaker Renault’s earlier statement that it will not invest any more money in The United States and Russia on 9 November began another round of talks over nuclear Russian Prime Minister Vladimir Putin said the government will continue to adopt measures to better The worldwide economic recession has had European Union businesses keenly eyeing China for continuing markets, and the EU’s Chamber of Showing there is still some major differences between the European Union and China in areas Just as the 60th anniversary of the founding of the People’s Republic of China passed |
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