Word: alfa
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...still largely in charge. The Fiat Group, which counts CNH tractors and Iveco trucks among its holdings, has been buoyed recently by strong numbers from its once suffering automobile division. Under the turnaround leadership of Marchionne, European sales of the auto group (which includes the Fiat, Lancia and Alfa Romeo brands) jumped 23.2% in the first five months of this year, representing nearly half of the overall company's revenues. With Fiat rolling toward recovery--and his increasingly central role in the holding company's day-to-day management and the dynasty's long-term destiny--Elkann decided to give...
...which counts CNH tractors and Iveco trucks among its holdings, has been buoyed recently by strong numbers from its once-suffering automobile division. Under the turnaround leadership of Marchionne, in the first five months of the year, European sales of the auto group (which includes the Fiat, Lancia and Alfa Romeo brands) jumped 23.2% over 2005 numbers, to around 520,000 units, representing nearly half of overall company revenues. And that's at a time when economic uncertainty has many Europeans putting off major purchases such as cars. With Fiat now rolling toward recovery - and his increasingly central role both...
Where are the greatest dangers? Christopher Weafer, chief strategist at Alfa Bank in Moscow, expresses caution about the energy sector and other areas that could be construed by the Kremlin as being of strategic value. A lack of legal enforcement of ownership rights makes investments in those areas particularly vulnerable. "Putin will have to follow through on his promise to end some of the unsettling actions that are driving capital flight and blocking investment," says Weafer. According to Russia's Central Bank, capital flight quadrupled last year, to $9.4 billion. But for now, Western companies seem eager to keep...
...region," says Malek Mrowa, a businessman and friend of Kassir's. The next morning, the 45-year-old Kassir, a university lecturer and columnist for Lebanon's An-Nahar newspaper, was dead, blown to pieces by a bomb planted beneath the driver's seat of his gray Alfa Romeo. It was the first assassination in Lebanon since the murder of former Premier Rafiq Hariri in February, which sparked huge anti-Syrian demonstrations and finally compelled Damascus to disengage from its neighbor at the end of April. Why was Kassir targeted? He was the most outspoken critic of Syria's stranglehold...
...there a way to predict which outside firms will prevail in Russia? Christopher Weafer, chief strategist at Alfa Bank in Moscow, talks about Russia as a "triple- layer" economy: on the top is the nation's fiscal strength, on the bottom the roiling consumer sector (mobile-phone subscriptions notched up another record in March, and Ford sold one-third more cars in the first quarter of this year than it did a year ago). But Weafer cautions about the middle layer: energy and other areas that could be construed by the Kremlin as being of strategic value. There, investment risk...