Archive for March, 2010

GM has an electric vehicle for large cities

March 24, 2010

General Motors unveiled Wednesday in China a new prototype electric car Smart cut for very large cities, in order to strengthen its image clean car manufacturer. The FR-V, or "Networked-Electric Vehicle," will be presented in a pavilion that GM shared with its Chinese partner SAIC Motor Corp. to the ...

Gas prices should increase by about 9.5% in April

March 24, 2010

Gas prices in France should increase by about 9.5% in early April, Reuters said a source familiar with the matter, confirming a report published the same day by the daily Le Figaro. The Regulatory Commission of Energy (CRE) will meet Thursday morning to discuss the proposed rate increase of ...

SNCF orders 23 Alstom TER to 135 million euros

March 24, 2010

Alstom has announced an additional order for 23 regional trains Régiolis SNCF, for a total of about 135 million euros. This command, for regions Basse-Normandie (15 trains) and Haute-Normandie (eight trains) is part of the contract signed October 27 with the SNCF, financed by the French regions. The ...

Net income quadrupled to Crédit Mutuel

March 24, 2010

Crédit Mutuel reported net income quadrupled in 2009 to 1.8 billion euros, with a net increase in revenues that offset the increase in provisions for credit risk because of the crisis. The French mutual bank, parent company of Crédit Industriel et Commercial, saw last year's net banking income increased ...

The station posted a net loss of 980 million euros in 2009

March 24, 2010

The station announced a net loss of 980 million, paying a year marked by crisis and massive write-downs, and it does not anticipate "clear recovery" from his business in 2010. The public group of railway issued an operating loss of 460 million euros, against a profit of 856 million ...

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