Word: renault
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...with the loss of 550 jobs. The move provoked a furious public outcry including denunciations from two government ministers, and the firm quickly backtracked, saying it had been a "communication error." For companies receiving government bailout money, the pressure is even more intense: French President Nicolas Sarkozy has told Renault and Peugeot that the price for receiving subsidies during the crisis is that the auto makers cannot cut jobs in France...
...firms specializing in high-performance engineering in England's Motorsport Valley. About a third of those companies, which craft everything from engines for rally cars to brakes for NASCAR racers, service the half-dozen Formula One teams based in the area. "While they play the Marseillaise when Renault win" a Grand Prix, says Aylett, much of the French-owned team's work is "actually done in Oxfordshire...
...couple of hours up the road, in a non-descript industrial estate, Pi Research develops software to run wind-tunnel tests, and collects and scrutinizes the findings for Renault and a handful of other teams. Program manager John Frankham says the new limits on testing are "not necessarily bad for us." Getting as much data as possible in the shorter time available will be increasingly important, he says. But as team budgets are squeezed, "we need to be cleverer" than competitors, says Frankham. "We have to think harder and harder...
...traumatic images in modern Italian history. On May 9, 1978, Giansanti, then 21 and working for the Sygma photo agency, rushed to the scene in the center of historic Rome, on the Via Michelangelo Caetani, when the body of Aldo Moro was found in the trunk of a Renault, looking as if he were asleep but the victim of a cruel murder. The five time premier of Italy had been kidnapped by the radicals of the Red Brigade and, after 54 days in captivity, executed with 11 gunshots to his heart. Moro had been playing a pivotal mediating role between...
...Even when it works, a scrapping scheme won't guarantee that the money will go to domestic carmakers. In Germany, sales of the Volkswagen Polo and Opel Corsa have been boosted by the government's initiative, but a surge in orders for Italy's Fiat and Renault of France means "two-thirds of the additional sales are imported cars," says Ferdinand Dudenhöffer, an auto-industry expert at the University of Duisburg-Essen. "And most of the German cars which are booming are at least partly produced elsewhere...