European Budgets Committee Blocks 24.5m Euro Aid Request for Renault Redundancies

The European Parliament’s Budgets Committee has blocked a French application for €24.5 million in EU Globalisation Adjustment Fund (EGF) aid to help former Renault employees in France.

French Company Launches Africa’s Largest Automobile Manufacturing Project in Morocco

The French car manufacturer, Renault, has launched with great pomp the largest automotive manufacturing platform in Africa, with a nearly €1.2 billion investment in Tangier, northern Morocco. The project, which should be operational in early 2012, has...

AvtoVAZ, Russia’s Largest Car Maker May File for Bankruptcy

Russia’s largest car producer, AvtoVAZ, has announced it may have to file for bankruptcy due to losses and spiraling debts, but that production will not be halted. Executive vice-president Oleg Lobanov told reporters: “In such an event, we...

Celebrities in the U.K. Give It Some Welly for Action Medical Research

Nick Hewer and Margaret Mountford from The Apprentice, along with Davina McCall are all wearing their wellington boots this Friday to support the UK’s leading research charity Action Medical Research. How People Arrived Here: i wear wellingtons,...