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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.
Rumen Spetsov, the special manager of Lukoil in Bulgaria, has assured that fuel supplies in the country are secure and that there is no reason to expect shortages in the foreseeable future.
A significant share of Bulgaria’s energy supplies does not pass through the Strait of Hormuz but instead reaches the country via the Black Sea, placing it in a comparatively stable position despite tensions in the Middle East
Yettel is the first local telecom to introduce a fully online purchase of a prepaid eSIM for mobile internet in Bulgaria
Bulgaria’s tourism sector is expected to remain resilient despite the ongoing conflict in the Middle East, according to Rumen Draganov, director of the Institute for Analysis and Evaluation in Tourism
International transport companies in Bulgaria are coming under growing pressure as fuel prices continue to rise following the outbreak of war in the Middle East
In 2026 the Bulgarian residential market is shaped less by size and more by adaptability.
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
