Volvo reports a drop in operating profit
Volvo Cars reported a sharp drop in second-quarter operating profit, which nevertheless exceeded analysts' expectations, boosting rising stocks, although the company continues to struggle with fares and falling demand Sweden-based Volvo Cars is the first European carmaker to publish results in an earnings season that analysts expect to be difficult,...
The first two Transmontana locomotives delivered to Green Cargo return to Craiova for RR repair
"After 7 years of operation in extreme conditions in Sweden, the first two Transmontana locomotives delivered by Softronic to Green Cargo return to Craiova, for RR repair, after having traveled together over 2.900.000 km "A new chapter for two locomotives that made history. And for us, another proof that the...
The partial acquisition of the IRIDE Park project from CPIPG has been completed
Alfa Group, a company founded by businessman Alin Niculae, owner of OScar Downstream, completed today, June 19, the transaction through which it takes over most of the IRIDE Park project from CPI Romania, part of CPI Property Group (CPIPG), one of the largest investors in real estate in Romania, according...
Italy asks for clarification from the US on the situation of Pirelli
The Italian government wants clarification from the American authorities. The Americans could impose restrictions on Italian tyre maker Pirelli because its largest shareholder is a Chinese investor. The revelation regarding the involvement of Italian officials in talks with American counterparts in the Pirelli case comes in a context in which...
The French car market registered a decline of 12.3% in May
Registrations of new cars in France fell by 12.3% in May this year compared to May last year, according to data published by the Plateforme automobile (PFA), the organization that represents manufacturers and suppliers of automotive components. A total of 123,919 cars were registered in France last month. This year,...
The Chinese from BYD have massively reduced the prices of cars sold
Shares of Chinese electric vehicle giant BYD fell as much as 8.25%, marking a steep correction from last week's record high after the company announced massive price cuts for several models BYD said on Chinese platform Weibo that it would reduce prices for 22 electric and plug-in hybrid models by...
Qatar Airways has signed an agreement for 160 Boeing aircraft. The US will get about 1.2 trillion dollars
The state-owned airline Qatar Airways has signed an agreement to purchase aircraft from the American manufacturer Boeing. Trump said the deal is worth $200 billion and includes 160 planes. Trump and the Emir of Qatar, Sheikh Tamim bin Hamad Al-Thani, attended the signing ceremony in Doha. Trump said Boeing CEO...
The official launch of BYD in Romania will take place on May 8
BYD representatives in Romania announced that the official launch of the Chinese brand on the local market will take place on May 8. The details of BYD's implementation on the market will also be announced. The Chinese brand BYD has decided to enter the Romanian market this spring. The information...
Stellantis has stopped production of the Leapmotor T03 model
Stellantis has stopped producing for its Chinese partner Leapmotor T03 small electric car in Poland. The company is evaluating alternative production options. The group "no longer assembles Leapmotor's T03 model at the Tychy plant in Poland. "While the company remains fully committed to launching Leapmotor vehicles in Europe, it is...
Former Volvo CEO will return to the helm of the company
Volvo Cars reappointed Hakan Samuelsson as chief executive on Sunday. He was CEO of the company between 2012 and 2022. Samuelsson, 74, will succeed Jim Rowan. He will resign on March 31. Samuelsson will serve a two-year term. The group is preparing to name a long-term successor, according to a...
