China’s Great Wall Motor Plans To Buy Fiat Chrysler
China’s Great Wall Motor announced on Monday its intention to to make an ambitious acquisition deal with Italian-American car maker Fiat Chrysler Automobiles following a report that it wants to buy the Jeep brand. An agreement would be a major coup for the Chinese auto industry, though it may cause political waves in the United States, where President Donald Trump has railed against his country’s trade imbalance with the Asian giant. Great Wall Motor ranks only as the seventh biggest Chinese auto company in terms of sales — 1.07 million in China last year — but any purchase of FCA would take the firm to another level. (evz.ro) CFR Calatori Taunts PM Tudose With RON64M Profit Romania’s state-owned passenger railway carrier CFR Calatori said in a Facebook post on Monday that it registered profit of RON64 million in January-July 2017, after Prime Minister Mihai Tudose blasted the company last week for posting financial loss.Tudose blamed Transport Minister Razvan Cuc for the losses registered by the companies subordinated to his ministry, such as state-run airline Tarom and transport firm CFR.
In retort, CFR Calatori wrote in a Facebook post the following: “August 2017, RON64 million profit reported by CFR Calatori at the end of July 2017. (cotidianul.ro)
19 Counties Under Code Yellow Alert For Heavy Rain
Meteorologists on Monday issued a code yellow alert for atmospheric instability and heavy rainfall, valid until Tuesday evening, in 19 counties in central, northern, southern and southeastern Romania, including Bucharest.
Between August 21 and August 22, the atmospheric instability will be temporarily accentuated, locally in Transylvania and western Moldavia, as well as in the Eastern Carpathians and the bulk of the Transylvanian Alps.
The code yellow alert is valid for 15 counties: Botosani, Suceava, Neamt, Bacau, Vrancea, Buzau, Prahova, Arges, Valcea, Sibiu, Alba, Brasov, Covasna, Harghita and Mures. (puterea.ro)
Dragnea Says Tudose Cabinet Exceeded Proposed Targets The government run by Prime Minister Mihai Tudose has started to exceed the proposed targets for the implementation of the governing program, Social Democratic Party (PSD) head Liviu Dragnea said on Monday, stating this is “very good news”.Dragnea had a five-hour meeting with Prime Minister Mihai Tudose at the government’s headquarters.
“We discussed the Government’s legislative priorities for this autumn, about the National Executive Committee (CExN) we will be organizing in coming days, about the implementation stage of the governing program, and I have to admit that it is very good news for me, they have even started to exceed it, which gives me lots to think about, the level of revenue, the economic growth and the fact that most delays have been recovered,” Dragnea said at the end of the meeting. (puterea.ro)