Word: europeanate
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...both American and European carmakers face plummeting sales and an industry in flux, the storied Turin automaker is set to return to Detroit for a new, though less fixed, marriage. Fiat and Chrysler announced a nonbinding deal Tuesday to create a partnership that will give the Italian automaker a 35% stake in the smallest of the badly strapped American Big Three. The joint announcement stipulated that Fiat's commitment to its struggling partner would be solely an equity interest and that "the alliance does not contemplate that Fiat would make a cash investment in Chrysler or commit to funding Chrysler...
...Europe's largest economy - and since earlier this month the progenitor of Europe's largest stimulus package - Germany has embarked on what has been dubbed "Super Election Year," with 14 electoral contests still to go, including three more state elections, the European election, municipal elections, the election of the German President on May 23, and the federal election on September 27. (See pictures of East Germany making light of its past...
...Merkel's win in one of Germany's biggest states, a financial center and home to the European Central Bank, puts wind in her sails as she campaigns on behalf of her party and for her own re-election in September. Gerd Langguth, a political scientist and Merkel biographer, says the Hesse result means Merkel's return to the Chancellery is assured. The real question is whether Merkel will be able to form a coalition with the FDP or continue the so-called grand coalition with the left-leaning Social Democrats (SPD), he says. "Merkel believes that it would...
...main culprit - with houses and jobs at risk, fewer consumers are willing to make a long-term bet on a solar system - but so have ebbing subsidies for solar in Europe, where manufacturers in the U.S. still send most of their product abroad. Without Spain and Germany - leaders in European solar - soaking up systems, the research firm New Energy Finance estimates an oversupply in the industry of nearly 4 gigawatts in 2009. "There's real concern about the policy risks in Europe," says Christopher O'Brien, the head of North American market development for Oerlikon Solar...
...After holding talks with European leaders in Jerusalem on Sunday, Israeli Prime Minister Ehud Olmert said, "We don't want to stay in Gaza, and we intend to leave as soon as possible...