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Source: Twitter
The French automaker Peugeot-Citroen completed the acquisition of the European assets of the US giant General Motors, including the German Opel and British Vauxhall, reported Associated Press.
A preliminary USD 2.5 billion deal was signed on March 6, 2017. A new management has been elected, which has 100 days to present a plan to rescue the business. Opel's goal is to return to profit in 2020, and by 2026 to achieved a 6% profit margin after years of loss. Automobile manufacturers are hoping to save 1.7 billion euros a year thanks to the acquisition. PES director Carlos Tavares stressed that "Opel will remain German and Vauxhall will be British." With the end of the deal, PeS became the No. 2 automaker in Europe, after Volkswagen, and now occupies a market share of 17 percent (on the continent) for the first half of the year.
Elon Musk, after acquiring Twitter for $44 billion in 2022, dismissed several top executives, including Parag Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett
The long-standing question of why major tech players have overlooked Bulgaria seems to have been answered, albeit in a surprising manner
One person died, five are hospitalized, among them a 10-month-old baby and two boys aged 12 and 15, after an accident on the Pazardzhik-Belovo road
Overall in 2019, new-car registrations increased by 1.
Italian-American carmaker Fiat Chrysler confirmed this morning that it is negotiating a merger with the French car group PSA, which owns Peugeot, France Press and DPA reported.
Film Company bought half of Delyan Peevski's newspapers.
Ryanair has officially ended the use of paper boarding passes
Energy Minister Zhecho Stankov has reassured Bulgarian citizens that the country’s fuel reserves are sufficient to cover domestic needs for several months
As Bulgaria prepares to join the eurozone, many people who have been collecting coins from daily change may be wondering what to do with their small change
It unites independent research, corporate studies on innovative products, and global examples of tobacco harm reduction
Economist Georgi Ganev has warned that Bulgaria’s forthcoming budget is likely to leave the country poorer than it could be, emphasizing that the process lacks genuine dialogue
Bulgaria stands at a pivotal moment in its energy strategy, with the potential to become a major energy exporter if it navigates its geopolitical and domestic energy policies effectively
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
