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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.
More Bulgarians are rushing to purchase property, fearing that housing prices will rise further after the country joins the Eurozone
As Bulgaria prepares to adopt the euro, many citizens are wondering about the fate of their old lev banknotes and coins
DEV.BG, a platform for IT professionals in Bulgaria, has released its updated ranking of the largest employers in the technology sector
As the summer season approaches, preparations on Bulgaria’s Southern Black Sea Coast are in full swing
The Bulgarian government has announced the removal of 8 projects from the Recovery and Resilience Plan (RRP)
Bulgaria considers the construction of the 7th and 8th units of the Kozloduy Nuclear Power Plant (NPP) a strategically important project for ensuring the country's energy security
Bulgaria's Perperikon: A European Counterpart to Peru's Machu Picchu
Bulgarians Among EU's Least Frequent Vacationers, Struggling with Affordability
