BERLIN (Reuters) – Tesla’s ambitions to expand its German plant hit a roadblock when citizens voted against a motion to raze down trees and make way for the larger site, the mayor of Gruenheide said to Reuters on Tuesday. While not binding, the vote is a further obstacle for the U.S. EV maker’s plans to …
Tesla faces rejection from locals for plans to expand German site Read More »
By Joseph White DETROIT (Reuters) – Stellantis could build electric vehicles based on technology from Chinese affiliate Leapmotor in Europe, North America or other markets where it needs competitively-priced models to compete with Chinese EV makers, Chief Executive Carlos Tavares said on Tuesday. “At one point in time, Western governments may be tempted to block …
Stellantis could build Leapmotor EVs in Europe, North America Read More »
By Sergio Goncalves LISBON (Reuters) – Portuguese pulp and paper producer Navigator on Tuesday reported a 39% slump in fourth-quarter net profit, as declining demand and lower prices knocked sales lower than a year earlier. The company netted a profit of 74.2 million euros between October and December, down from 122 million euros a year …
Portuguese paper maker Navigator’s Q4 profit slumps 39% on lower demand, prices Read More »
By Dominique Vidalon and Helen Reid PARIS (Reuters) -Carrefour, Europe’s largest retailer, said on Tuesday it was confident about this year as it reported record cash flow of 1.62 billion euros ($1.8 billion) for 2023 and operating profit up 18.5% in its core French market amid high inflation. The solid results and strong cash generation …
Carrefour raises dividend after 2023 profit jumps Read More »
WARSAW (Reuters) – Polish airline LOT has ordered 11 Boeing 737 MAX 8 aircraft for delivery by the end of the first half of 2025, its chief executive was quoted as saying by state news agency PAP. “In total, we currently have 11 Boeing 737 MAX 8 aircraft on order for delivery over the next …
Poland’s LOT ordered 11 Boeing 737 MAX 8 aircraft, says PAP Read More »
MILAN (Reuters) – Fiat owner Stellantis said on Tuesday it will continue to manufacture the fully electric (BEV) 500 small car and also future versions of the vehicle in Turin, in its latest step to ease tensions with the Italian government. Following political and media speculation over possible plant closures in Italy, in particular the …
Stellantis says Turin remains home for Fiat’s BEV 500 Read More »
By Sinead Cruise, Lawrence White and Iain Withers LONDON (Reuters) – Barclays, unveiling its biggest revamp since 2016, sought to appease investors seeking a clearer route to less volatile returns. Yet the British lender’s plan to dedicate fewer financial resources to its investment bank is at odds with ambitions to expand in some of the …
Analysis-Barclays maps uncertain route to a simpler, stronger future Read More »
MILAN (Reuters) – Intrum Italy, a credit manager which is majority owned by Sweden’s Intrum with bank Intesa Sanpaolo holding the remaining 49%, has named Enrico Risso as chief executive, it said on Tuesday. Risso, formerly at State Street and McKinsey where for 12 years he oversaw projects concerning non performing loans (NPL) co-leading the …
Intrum Italy names former McKinsey consultant Risso as CEO Read More »
By Giuseppe Fonte ROME (Reuters) – Italy’s industry ministry on Tuesday took charge of ArcelorMittal’s plants in the country under a special administration procedure, ending weeks of clashes with the world’s second-largest steelmaker. The process is similar to Chapter 11 bankruptcy in the U.S., allowing a business or individual to reorganize its debts and obligations. …
Italy takes over running of ArcelorMittal’s steelworks Read More »
By Khushi Singh and Ankika Biswas (Reuters) -Europe’s benchmark stock index snapped a four-day winning streak on Tuesday, weighed down by basic resources and energy stocks, while French industrial gases firm Air Liquide jumped to an all-time high after hiking its 2025 margin target. The continent-wide STOXX 600 closed 0.1% lower, after ending at a …
European shares slip on miners, energy drag; France’s Air Liquide hits record high Read More »
