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Tuesday's News - Portugal, Samsung Heavy Industries, Westinghouse Electric
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Portuguese Vehicle Production Slumps by 8% in July
Global Insight, August 26, 2008
Portuguese vehicle production fell by 8% in July compared to the previous year to 15,433 units, according to data released by the national vehicle manufacturers' association, ACAP. That takes year-to-date (YTD) demand to 3.6% below last year's level, at 107,973 units. The year-on-year (y/y) declines are being led by a 12.1% slump in passenger car production, which fell to 11,256 units during the month of July, and by 5.8% in the first seven months of the year to 81,347 units. Portugal's biggest car factory, AutoEuropa, which is run by Europe's largest light vehicle manufacturer Volkswagen (VW), produced 18.7% fewer cars during the month of July compared to last year, ACAP said. Passenger car production makes up almost 80% of total Portuguese vehicleproduction
SHI clinches ninth drillship order
Lloyd's List, August 26, 2008 Tuesday
SOUTH Korea's Samsung Heavy Industries, the world's largest shipbuilder, announced an order for another drillship yesterday, writes Mike Grinter. The order, for a $655m unit scheduled for delivery in August 2012, is the ninth drillship this year, and although unconfirmed by the yard, it is widely believed to be an order from Petrobras ofBrazil
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