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Geneva show opens amid difficult times for carmakers
05 March 2008ã. 10:12 / Activity
Europe's biggest motor show opens in Geneva this week with the region's carmakers facing tough times from slowing economic growth, higher fuel prices, the strong euro and rising raw material costs.

Manufacturers are hoping that the large number of new cars on show will offset a weaker market from hesitant buyers and governments taxing exhaust emissions.

In recent years European car sales have been losing steam. From 14.8 million in 2004 they reached 15.2 million in 2005, 15.8 million in 2006 and 16 million last year.

Concept cars on show at Geneva include British company Morgan's Life, which stands for
Lightweight Fuel Efficient car. Morgan's Matthew Parkin explained: "The Life car sitting behind me is very different from anything else at the Show. It is very light. It is made of aluminium and so keeps the weight down and this one runs on hydrogen. But we don't use batteries and we can do an equivalent of 1.9 litres of petrol for every 100km. Which is amazing!"

In that vein this year's Geneva Motor Show is greener than ever. Many manufacturers are offering models that run on alternative fuels, renewable or otherwise.

One of the strangest vehicles being shown at Geneva is home grown. The Swiss firm Rinspeed is showcasing its sQuba submersible car powered by electric motors. It is inspired by the Lotus sports car that was able to convert to underwater mode in the James Bond film The Spy Who Loved Me.

http://www.euronews.net
Euro falls as oil hits new highs

12 March 2008ã. 10:41 / Activity
VW, MAN and Scania move closer to full merger

05 March 2008ã. 10:11 / Activity
Audi AG - Germany Nokia - Finland Total - France
Allianz - Germany Deutsche Bank AG - Germany Siemens AG - Germany
Vodafone Group - Great Britain LVMH - France Volkswagen AG - Germany
Bertelsmann AG - Germany British Petroleum - Great Britain L'Oreal - France
BMW AG - Germany Cazzaro - Italy Casa di Cura San Michele - Italy
Banca D'Italia - Italy Ecole Centrale Paris - France AC Hoteles - Spanish
Michelin - France Renault - France Adidas - Germany
Royal Philips Electronics - Netherlands ABN-Amro Holding - Netherlands Enel - Italy
Eni S.p.A - Italy ING Group - Netherlands Deutsche Post - Germany
The State Enterprise “Donetsk Experimental Plant "Etalon" Donetsk National University “Donbass Industrial and transportation enterprise”, LLC
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