PARIS (Reuters) -French car parts maker Faurecia has agreed to sell its SAS Cockpit Modules arm to automotive supplier Motherson Group, in a transaction based on an enterprise value of 540 million euros ($577.5 million), Faurecia said on Sunday. Faurecia last year took over German rival Hella to form a new European car parts company …
French car parts group Faurecia to sell SAS cockpit unit to Motherson Read More »
BERLIN (Reuters) – The Ukraine war will have cost the German economy around 160 billion euros ($171 billion), or some 4% of its gross domestic output, in lost value creation by the end of the year, the head of the German Chambers of Industry and Commerce (DIHK) said. That means GDP per capita in Europe’s …
Ukraine war expected to cost Germany 160 billion euros by year-end Read More »
BERLIN (Reuters) – Franco-Italian carmaker Stellantis is upbeat about the outlook of its German subsidiary Opel which it believes will be able to keep operating as a separate brand, the company’s Europe chief Uwe Hochgeschurtz told magazine Automobilwoche. “I’m happy with the brand and with its array of products,” Hochgeschurtz was quoted as saying in …
Carmaker Stellantis upbeat about future of German brand Opel – magazine Read More »
BERLIN (Reuters) – German carmakers Mercedes-Benz and VW have urged the government to do more to scale up the number of electric vehicle charging stations across the country, German paper Bild am Sonntag wrote on Sunday. “To speed up the change (to electric vehicles), we need to be sure that the charging station infrastructure is …
VW, Mercedes-Benz urge Berlin to accelerate EV charging network expansion, report says Read More »
(Reuters) – More than 100 engineering workers at Balfour Beatty will stage three 48-hour strikes in March over pay disputes, British trade union RMT said on Saturday. The decision comes after the National Union of Rail, Maritime and Transport workers (RMT) rejected the company’s offer to increase pay by 5.5% from April 2022. “Balfour Beatty …
Balfour Beatty’s engineering workers to stage strikes in March Read More »
By Gabriela Baczynska BRUSSELS (Reuters) -Hungary must bolster the independence of its judiciary “very soon” to stand a realistic chance of getting any of the 15.4 billion euros envisaged for Budapest from the European Union’s COVID recovery stimulus, a senior EU official said. Hungary can receive some 5.8 billion euros ($6.20 billion) in free grants …
Hungary must bolster judiciary ‘very soon’ to recover billions from EU – top official Read More »
(Reuters) – Proxy advisory firm Institutional Shareholder Services (ISS) has urged Apple Inc’s investors to vote for its director nominees and the pay packages for top executives, including Chief Executive Tim Cook. Apple will hold its annual shareholder meeting on March 10. The ISS stance, published in a research note on Friday, comes after the …
ISS urges Apple shareholders to vote for CEO Tim Cook, other execs’ pay packages Read More »
LJUBLJANA (Reuters) – Slovenia’s former president, Borut Pahor, raised 60,000 euros ($64,164) for charities helping children diagnosed with cancer from the sale of his 1991 Renault 4 and handed over the keys to the winning bidder on Sunday. Businessman Aleksandar Fratar placed the best bid in an auction. “Our intension was to help these fighters …
Slovenia’s ex-president raises 60,000 euros from sale of his old Renault 4 Read More »
(Reuters) -Britain’s biggest retailer Tesco Plc is planning to review its presence in the UK banking sector in a move that could lead to a sale of its banking arm, Sky News reported on Saturday. The supermarket chain operator is lining up Goldman Sachs to advise on the future of Tesco Bank, the report said. …
Britain’s Tesco to explore sale of banking unit – Sky News Read More »
KYIV (Reuters) – Ukraine’s Foreign Minister Dmytro Kuleba said on Saturday he met with the chief executive of German defence manufacturer Rheinmetall to discuss future supplies of tanks and armoured vehicles to Ukraine. “I met with Rheinmetall AG CEO Armin Papperger to focus on ways to increase production for Ukraine and allies,” Kuleba wrote on …
Ukraine foreign minister discusses future tank supplies with Rheinmetall CEO Read More »
