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Friday's News - Europe, Fiat SpA, Volvo
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European industrial orders slump
Deutsche Presse-Agentur, August 22, 2008, Friday 9:48 AM EST
DPA FINANCE Europe Economy European industrial orders slump Berlin European factory orders dropped sharply in June,the European Statistics Office Eurostat said Friday, adding to sign sof slowing economic growth.
Fiat to set up engine plant in Chongqing
China Knowledge Newswire, August 22, 2008, Friday
Fiat SpA, Italian's largest automaker, said in a statement on Thursday it will build a wholly owned subsidiary in Chongqing municipality, Southwest China.
Volvo Finalizes Deal with Eicher Motors
Business Wire, August 22, 2008, Friday 10:52 AM GMT
Regulatory News: The Volvo Group (STO:VOLVA)(STO:VOLVB) has now finalized the deal with Eicher Motors for the establishment of a new Indian joint-venture company, VE Commercial Vehicles Limited. The transaction has been approved by the necessary authorities and 50% of the joint-venture company has been consolidated in the Volvo Group from August 1,2008.
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