Post Tagged with: "economic slowdown"

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China Boosts Investments in Railway

China Boosts Investments in Railway

China plans to boost investments in railway, utilities and health, in an attempt to beat the economic slowdown. The Ministry of Railways aims at spending 470 billion yuan ($74 billion) on bridges and railroads by the end of this year. This represents a 14% increase from the previous figure reported […]

Renault Argentina to cut back on shifts

Renault Argentina to cut back on shifts

Renault’s unit in Argentina is reportedly cutting shifts at its plant in Cordoba plant after a drop in sales prompted by slowing demand in neighboring Brazil. The announcement comes just after days after rival General Motors said on Wednesday it offered a buyout plan for workers at a Brazilian factory […]

Alert: Spanish September car sales fall 32%

Alert: Spanish September car sales fall 32%

Spanish car sales fell 32 percent in September from the same month a year earlier, marking the fifth straight month of decline amid a severe economic slowdown, data showed on Wednesday. September sales declined to 65,600 vehicles after a 41 percent slump in August, results from industry group Anfac showed. […]