Word: plan
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...Magna consortium, which pledges to invest €700 million ($970 million) in Opel, has softened its position on job cuts and plant closings several times under pressure from German politicians. Magna's plan would leave GM with 35% of the company and Sberbank with a 35% stake, while Magna would take 20% and Opel employees would control...
...between the U.S. and Europe for weeks, meeting on both sides of the Atlantic with key politicians, unions and investors. Fiat recently acquired Chrysler and now wants to merge GM's European business into the Fiat-Chrysler group to create one of the biggest carmakers in the world. His plans to close plants in Germany and Italy have been roundly condemned by powerful German governors and the IG Metall trade union. A Chinese carmaker, Beijing Automotive Industry Corp., is expected to detail its own plan for Opel next week. (See the 50 worst cars of all time...
...Heavy rains suppressed output in Colombia, the world's third biggest coffee producer, even as a government plan to replace old coffee trees with new, higher-yielding ones had put some areas out of production until the young trees mature. Combined, the twin pressures have squeezed Colombian coffee output by 16% in the current crop year, according to the ICO, which represents exporting and importing countries worldwide. Wet weather also stymied production to the north, in Central America, driving up prices there too. (See pictures of coffee...
...million by 2011. That compares with some 160 million who travel across borders by air in Europe every year, a number that is expected to double by 2020. The railroads' relatively modest growth expectations are grounded in some harsh economic realities: new high-speed rail lines take years to plan and build as well as billions of dollars in investment. Moreover, Europe's rail operators are just beginning a chaotic period of industry restructuring and consolidation that usually accompanies deregulation...
Indeed, voters in Utrecht seem more concerned by the antics of Dutch anti-Muslim populist Geert Wilders than they are with, say, the E.U.'s plan to cut greenhouse-gas emissions by 20% by 2020. Wilders wants to abolish the European Parliament altogether. "Every voter who wants to signal that the European Union is good for nothing in its current form can do so by voting for Geert Wilders," he said. His PVV party, like other political outliers, is expected to benefit from mainstream voter apathy. The Trotskyite anti-capitalist movement of Olivier Besancenot could muster 10% of France...