Opel has reached a severance deal with workers at its Bochum factory in Germany, a crucial step in the General Motors unit’s restructuring to return to profitability.
Daily Archives: June 18, 2014
Pancontinental says first oil discovered offshore Kenya
Australia-based Pancontinental Oil and Gas NL says it has verified that its recently completed Sunbird-1 well off the southern Kenyan coast has intersected an oil column—the first such discovered off the East African coast.
Auto companies continue gains in Q1
The value of European automakers, suppliers and retailers showed further improvement in the first quarter of this year, although the pace of growth was slower than in the preceding three months, according to the PricewaterhouseCoopers Transaction Services Shareholder Value Indices.
The 7 percent rise in the value of automakers was two percentage points less than in last year’s Q4, while an 11 percent rise in the value of European parts suppliers followed a 15 percent gain in the preceding quarter. By contrast, the 5 percent improvement in the value of auto retailers was a small improvement on the 2 percent recorded in Q4.
