Current News Headlines

The automotive sector is on the alert. As shown in Le Parisien on Saturday, Brussels would consider tax per liter of diesel in Europe from 8 to 15% more than gasoline. A directive to this effect must be examined by the European Parliament in November for an application expected in 2013. Objective: To fight against this highly polluting energy, used by nearly 7 million cars in Europe.

The European Commission highlights the paradox between a cleaner gasoline and cheaper duty-sold more expensive at the pump, and diesel more expensive duty free, massive source of emissions of fine particles hazardous to health, and less expensive for motorists. She said outside the UK, the tax treatment of petrol and diesel in Europe is "flawed" and needs the overhaul.

Concern

For manufacturers, the news comes at the worst time.These are already working on the application in 2014 of Euro 6, which calls for reducing carbon emissions and fine particles. This standard requires them to implement expensive technology on diesel vehicles that will increase the price of these cars from 1500 to 2000 euros pay day loans. What scare away customers. If in addition the price of a liter of diesel fuel were to increase significantly, the diesel car market could collapse.

The Committee of French Automobile Manufacturers believes that the introduction of this directive in France could lose 20 points of market share on the sale of diesel cars. In the columns of Paris, its president, Patrick Blain, worried: "The decline in production in French factories (on the cutting edge in the field of diesel, ie) would inevitably have social consequences," he warns.

Professionals and individuals may also choose to get rid of their cars too expensive, which could lead to plummeting prices of diesel cars. "It may be possible to adopt transitional measures that will leave everyone time to adjust," said he.

ALSO READ:

"Despite gas prices, the French roll more

"The State will continue to support the electric car

The debt crisis turns to Greek tragedy and psychodrama. Tuesday night, a committee of experts of Parliament in an official report revealed that the country's debt was "out of control." The next day, denial and criticism rang out, Evangelos Venizelos, the Finance Minister did not mince words, stating that these auditors did not have "neither the knowledge nor the experience nor the necessary responsibility to judge the debt ", a few hours later, the director of the parliamentary commission complained resigned.

Stock market crash

Friday, an additional layer was taken with the surprise announcement of the suspension for ten days, the mission started in Athens earlier this week by experts from the troika (EU, ECB and International Monetary Fund).This sudden departure caused an outcry in the country and the stock market plummeted at the opening, causing the European financial centers in its wake. The finance minister has tried to downplay the event: "There was no rupture of discussions between the country and the Troika," he said. But Evangelos Venizelos has failed to convince, especially as he admitted, following that "Greece will not hold its goals of reducing the public deficit in 2011 due to the deepening recession in the country. " GDP is forecast to decline by at least 5% this year, the government now provides, which leads mechanically to predict a deficit of 8.8% of GDP at end 2011, against a previous estimate of 7.4%.

It is a fact, almost a year and a half after the introduction of the first austerity plan, Greece is again up against the wall.The austerity measures have led to a sharp recession and sealed growth, competitiveness and production. The unemployment rate reached 16.6% last month. "The committee was right. The debt is really out of control because it is growing and will continue to grow, "Analysis Stefanos Manos, a former finance minister credit reports free. "It is sad to see that the government did nothing for months. No reform of the state system, not privatization, but only the imposition of taxes and cuts in wages! There are more public spending in 2009, before the crisis, he said. This time, it is urgent, bankruptcy is just around the nose. International leaders must tap your feet.They should refuse to grant the sixth installment of the loan of 110 billion euros granted to Greece if these measures are not implemented. "This is probably the direction of the departure of the troika, which means by this dramatic move to the pressure on the government.

But this game of poker liar weary Greeks who bear the brunt of austerity. Last significant extent, the increase in VAT in catering from 13 to 23%. "A step too far, according to Giorgos Delastik, a political analyst. The Greeks are exhausted. They think that especially in terms of rigor is not applied the right way to save their country from the crisis, just as Ireland and Portugal. "

Strikes and demonstrations were not long in coming. After the Athens metro and teachers, the outraged calls for a mobilization in Parliament tonight.Ilias Iliopoulos for general secretary of the union officials, the Greeks played their all. "We are on the verge of a social explosion," said he. "In 2010, when the deficit would be reduced by five points, the Greeks had to make huge sacrifices. Today, they can not accept other measures or new cuts on wages. " However, the troika request 2.5 billion savings by the end of the year. The authorities now fear having barely contain the anger of the Greeks, who was radicalized after the summer break.

ALSO READ:

"The Greek Parliament considers the debt out of control

"Greece: aid modalities still curled

"SPECIAL – crisis: the fear of debt

The U.S. stock markets, should re-open down on Monday. Future of Standard & Poor's 500 and Nasdaq 100 respectively retreating from 0.27% to 1260 points and 0.65% at 2181.25 points. Wall Street ended the session on a mixed note Friday. The Dow Jones gained 0.36% to 12004.36 points while the Nasdaq 100 lost 0.32% to 2192.96 points and the S & P 500 rose 0.89% to 1278.87 points.

Despite a new rescue plan for Greece launched last night by finance ministers in Europe, U.S. markets should still be concerned as their counterparts in Europe and especially Paris.

After the reassuring words of Heads of State French and German unit, which posted a welcome Friday, the firm tone adopted by the ministers at the weekend said that the issue will be very long to resolve.The central bankers in the eurozone have defined the conditions of payment of a further tranche of loans in July, but the finance ministers of the euro area indicate that the release of the loan must be accompanied by the vote of a new plan of austerity and privatization by the Greek Parliament. Banks and other private creditors and participate in this new plan. However the contours of that plan remains to be defined.

In the wake of renewed tensions, the euro falls against the dollar. 11:00 in Paris to the European single currency was worth 1.4232 dollars against 1.4301 dollars on Friday night. In addition, oil continues to fall sharply, quoting under $ 92 in New York.

On the macroeconomic front, the week promises to be charged. Members of the Monetary Policy Committee of the Fed will meet this week.The release will be issued Wednesday evening and Fed Chairman Ben Bernanke will give a press conference after the meeting. Aurel BGC experts anticipate little change in the FOMC statement. They argue that the Fed chairman should emphasize the temporary nature of the slowdown and reject any idea of ​​a new program of quantitative easing. Other highlights of the week, investors will monitor the number of housing sales in the old tomorrow and in the nine Thursday. Then Friday, they will learn the durable goods orders. The latter will benefit from a rebound in transportation orders, thanks to Boeing.

All eyes will be turned to the Paris Air Show, which opens Monday.

Boeing launches new version of its popular 747 jetliner, highly anticipated.In an interview with Le Figaro, Jim Albaugh, CEO of Boeing Commercial Aviation believes "it takes 30% of the world to survive over time." This morning, the airline Qatar Airways has placed an order with Boeing for six long-haul 777-300 ER for $ 1.7 billion (list price).

NYSE Euronext said Monday in a statement the actual launch on July 11 of the first platform for bond trading companies in Europe, the project has given the green light of the Financial Markets Authority (AMF).

The side of values, General Electric has reached an agreement in principle of the two largest unions of the company for new contracts."The four-year contract will enable advances on wages, pensions and job security. "

For his part, PetSmart will turn its quarterly dividend to 0.14 dollar per share against dollar before 0125. The board also authorized a share buyback program of $ 450 million.

Monday night, Steve Jobs must have Apple's service icloud. Using a deal with record companies, the Cupertino company will upgrade its online music service iTunes. Customers can purchase their music from Apple's online store and listen to their wishes, where they are. The service called "cloud computing, or cloud computing, grow fast. This is a new revolution in computing. It is to connect to the Internet to access data and applications. Individuals no longer need to store on their PC or hard drive at home, and businesses no longer need to invest in high-performance computers.

The computer then used to open the application as a water faucet or turn on a light.Apple already offers a first service "cloud" to synchronize the network, contacts, emails and diary, from an iPhone or an iPad. The MobileMe service is very expensive (99 dollars or 79 euros per year from France).

Click on the thumbnail to enlarge the graphic.

Amazon has shown the way

Google will launch this summer the free operating system for PCs, Chrome OS, designed and filmed for the cloud. "The biggest users of cloud services are already without knowing it, individuals using tools such as Gmail or Google pay services data storage from Amazon," said Lew Tucker, Director Technical cloud at Cisco.With his offensive, Apple created a new front against Google, Amazon and Microsoft.

One of the largest global provider of cloud services Amazon is the world leader in cultural services in line with an estimated turnover in this area at one billion dollars in 2010. The original idea of ​​the champion of e-commerce, which has expanded its services to music storage for individuals, was to lease excess capacity of its own "farms" of computers. "It comes down to your apartment when it is empty during the workday and when you go on vacation," says one expert. All the giants of the Web follow the lead of Amazon. In economic terms, the marginal cost is low for providers of computing power and storage capacity. The additional revenue generated almost as much profit.For ten years, computer manufacturers, software publishers and computer services companies dream of a paradigm shift.

56 billion market

With the development of the Internet and especially because of the economic crisis, companies have converted to cloud computing. "After years of germination, cloud computing takes off. Partly for macroeconomic reasons. The crisis led all organizations to scrutinize their spending. In this context, a solution which can offer more for less is difficult to ignore, "says Ben Pring, vice president of research firm Gartner. For now, most of the market is done by software. The turnover of the software on demand is estimated around $ 11.7 billion in 2010 by Forrester Research. Today, 60% of worldwide turnover is made in the United States.But the phenomenon should spread to other countries. By 2020, the worldwide market will reach $ 56 billion, says Forrester Research.

With about 3 million business customers worldwide including one million in Europe, Google makes between 500 million and $ 1 billion in sales in the cloud. Finally, Microsoft will invest 90% of its budget on R & D in the cloud this year, said Jean-Philippe Courtois, senior vice president of Microsoft. But its sales in the area is estimated at "several hundred million dollars a year," admits a group leader. Each offers its solution. IBM, HP, Dell, Microsoft and Oracle want to use huge "farms" of servers to store and rent computing power to their customers. To this end, HP and Dell have acquired companies in the storage and data virtualization, in order to compete with VMware, a subsidiary of EMC.The market also attracts telecom giants like Cisco, Ericsson and Huawei, and specific actors, such as Akamai, Rackspace Hosting or Salesforce.

ALSO READ:

"Apple launches into the cloud

"The Net Neutrality in the clouds

"Apple's third largest market capitalization

This is a schoolboy joke, but we hear it everywhere in Lisbon. If the sky is gray if the coffee machine is broken or if one falls down, "A culpa é do Socrates!" Socrates is to blame! Portuguese Prime Minister of course embodies the grim prospects that beset his administration. José Socrates is one who, after pledging never to lower them, eventually seek outside help. The Portuguese are well aware of: against the 78 billion loaned by the troika (IMF, European Commission and European Central Bank) will require consent of hard sacrifices.

Came to power in 2005, Socialist, 53, divorced and father of two children, probably his last book political battle, the most difficult of all. Tomorrow's elections will determine its future.

The "wild beast" as he describes himself, refuses to admit defeat.Last March, soon after announcing his resignation as Prime Minister Socrates was reelected as head of the Socialist Party (PS, center left) by a final score: 93.3%. And there's another week, opinion polls placed the PS elbow to elbow with the Social Democratic Party (PSD, center right). Today, the latest opinion polls give a lead of 6 points to the DSP. "But the fact that he can still compete with the opposition is surprising analysis Teresa de Sousa, a columnist for the newspaper Publico. This is still the premier of the crisis! "She said the strength of Socrates explained by his personal qualities:" He has great charisma, a good speaker who uses simple words and direct "says she. The flip side is "low fidelity" ideological, considers Teresa de Sousa.Socrates is supposed to represent the right wing of the PS, the current more moderate training already very centrist. But throughout the campaign, this positioning does not stop him to shake the specter of anti-social right, which will liberalize at all-if she came to Sao Bento, the official residence of Prime Minister.

Tensions with the press and justice

"It's a fighting personality, not an intellectual," says José Adelino Maltez, a political scientist at the Technical University of Lisbon payday loans. And to appeal to the French philosopher Jacques Maritain: "Socrates is leading a leftist government with a right temperament." A follower of political marketing, in short, which modernized the Portuguese public life, for better or for worse. Rui Costa Pinto, who wrote an unauthorized biography of the Prime Minister (José Socrates Homen o, o lider), speaks of "a bipolar character.""It is both a deceiver and an authoritarian," he says. This journalist is one of those who have suffered the pressures of the head of government, which maintains an ambivalent relationship with the press.

"We got along well, we familiarly," recalls the biographer. Until the day Costa Pinto puts his finger on a possible bribery case. Socrates then goes into a rage. "I lost my job twice because of him," says the author, who just won a lawsuit against the protagonist of his biography. The "wild beast" is a blood. The justice professionals are in open conflict with Socrates. "The attempts of manipulation against the courts have reached unacceptable levels," has accused the head of the union attorneys, Joao Palma.The name of Socrates is released in several cases, but until now the Prime Minister went through the drops, lack of evidence.

In six years of government, Socrates has accumulated enemies. If he departs from the Republic of gold, it could lose its last allies. As for Portuguese, they will eventually unravel fact from fiction: to identify what is "a culpa do Socrates' … and assume that their structural problems remain unsolved.

ALSO READ:

"Lisbon is preparing for a tough austerity

"Portugal is preparing for new sacrifices

The CAC 40 moved into negative territory on Thursday. After starting the day on a drop of 0.86% to 3930.59 points, the benchmark index in Paris was widened its losses in the morning. About 12 hours, it was down 0.96% at 3926, 85 points under the technical threshold of 4000 points which had escaped to investors Wednesday.

The movement is otherwise identical to other European markets. The Dax index featuring the Frankfurt Stock Exchange, which opened down 0.85% at 7155.86 points, losing 0.96% at the same time points to 7148.25. The FTSE-100 index of London Stock Exchange, which started on a decline of 1.06% to 5965.02 points, its share reduced its losses to -0.76% at 5883.67 points.

The mood has changed beyond recognition from the beginning of the week.Greece seemed to approach Wednesday in an agreement with Europe and the IMF for further financial assistance, which could avoid insolvency. But the announcement a few hours later by a new Moody's downgrade of the Greek debt was added to the fears already heavy burden on Athens. Judging probable restructuring of the country's sovereign debt, Moody's downgraded three notches the rating of the country, pushing further into the speculative grade.

For its part, Spain has managed to raise 3.953 billion euros of bonds 3 and 4 years on the market but, despite strong demand, the rates reflected on the rise.

In this context, risk-taking are not numerous. The activity is minimal anyway since France, Ascension Thursday is a holiday.Upcoming Events, however, some indicators should capture the attention of investors present electronic check payday advance. They are mainly American with productivity quarterly, weekly jobless claims and industrial controls.

Note that the currency market, the euro remains strong against the greenback at 1.4475 dollar. Oil prices, they were down in electronic trading in Asia. In morning trading, a barrel of light sweet crude for July delivery yielded 21 cents to 100.08 dollars. That of Brent North Sea crude for delivery same lost 8 cents to 114.45 dollars.

Values ​​to follow

As for values, no news.Stay tuned, however:

The banking sector

High risk debt Greek, French banks react poorly to the degradation of the country note by Moody's: Societe Generale (-0.12% to 40.47 euros), Credit Agricole (-0.47% to 10.48 euros), BNP Paribas (-0.93% to 53.30 euros) decline. Only Natixis (+0.22% to 3.64 euro) is in green.

AXA (-1.83% to 14.78 euros) also declined.The day before the title had been the star of the CAC 40 gained 1.45%, boosted yesterday by the announcement of its new strategic plan and the sale of its Canadian subsidiary.

TF1: -1.28% to 12.38 euros

The group said Wednesday it had received offers "constructive" of several Internet service providers to distribute its pay-TV from 2012.

Trading in Gecimed remain suspended until the opening of the buyout offer followed by a withdrawal bond, its parent company Gecina (-0.59% to 99.41 euros). This opening will be later than June 8, after payment of dividend.

Christine Lagarde supports rained since the announcement of his candidacy for the general direction of the International Monetary Fund (IMF). Not surprisingly, governments that had made her the ideal candidate have confirmed their support Wednesday.

Germany supports and "strongly" the French Minister of Economy and Finance."Madame Lagarde is a person with great skill, which it acquired after serving for years of senior positions in the private sector, in politics and in the government of his country," said the door -Seibert Steffen government spokesman who said that Christine Lagarde control "at best" the issue of the crisis of debt in Europe, "which is especially important."

For its part, the Polish Finance Minister Jacek Rostowski said that "it is a very good candidate, it is difficult to imagine a better candidate and has the support of the Polish government," he told reporters.

Previously, Didier Reynders, Belgian Finance Minister, assured the minister of his country's support, yet he who had expressed interest in a candidacy."This could be the first opportunity to see a woman lead the IMF and organization of this kind, so there is a consensus in Europe to support the candidacy of Christine Lagarde. There may be different candidates but it is an excellent candidate "has o say there.

The idea of ​​unified support from Europe to the French minister is confirmed by a statement by José Manuel Barroso, President of the European Commission.According to him, "the Commission, which has very close working relationship with the IMF considers that the character of Madame Lagarde, and its commitment to strengthening global economic governance are essential to ensure the mission of the IMF and its vital contribution to international economic stability. "

These reactions should be followed by those of Italy, Austria or Luxembourg, which had all three joined Christine Lagarde even before his candidacy official no teletrek payday advance. The latter has even managed to win the support of British Prime Minister David Cameron.

The United States more divided

Outside of Europe, which concentrates 35.6% of voting rights at the IMF Board, Christine Lagarde has only to win the support of the United States (16.8%) and Japan (6, 25%) to be elected. Here the task is more complicated.On Wednesday, the U.S. Treasury Secretary Timothy Geithner, has shown divided between the French and Mexican Christine Lagarde Agustin Carstens it considers both "very reliable". Paris should take advantage of the G8 summit that starts Thursday at Deauville tomorrow to try to tip the balance.

Agustin Carstens could attract heavy weight of emerging countries. Brazil, which today welcomed the fact that "there is more than one candidate" for the post of head of the IMF, has rightly said he would visit the country next week to get the Brazil supports.

Since the only rumor about a possible election of Christine Lagarde, calling for two more as the direction of the institution they finally return after a reign undivided Europe.Pessimistic, India on Wednesday said that "unless the shares eligible to vote that many countries hold the IMF to be changed to reflect new economic realities, it will be extremely difficult for a candidate non-European to win the election. " Even China has expressed support for the candidacy of Christine Lagarde, as the government spokesman, Francois Baroin.

The French finance minister, now in season, will begin a world tour to try to rally to his cause the most reluctant government.

ALSO READ:

"FOCUS-How does the IMF

»COMPUTER GRAPHICS – The CV Christine Lagarde meet IMF demands

"MAPPING – Possible candidates to succeed DSK IMF

In Paris, investors want to turn the page on Tuesday, while the day before the European and U.S. indices were trembling face the prospect of lowering the debt rating of long-term United States from the rating agency Standard and Poor's. At the opening, the CAC 40 gained 0.48% to 3899.68 points. The index has increased its Paris flagship gains the whole morning to show an increase of 0.79% to 3919.11 points in mid-day. The goal of returning to 3900 points is atteint.Un threshold is exceeded after the opening happily in the green on Wall Street. At 16 pm, the CAC 40 is trading at 3920 points (1.02%).

In Germany, the DAX index of the Frankfurt Stock Exchange at mid-session gaining 0.43% to 7057 points and in the UK, the FTSE-100 index gaining key values ​​0.61% to 5905 points.

The session is facilitated by a series of publications.This morning already, Essilor, Faurecia and Zodiac unveiled their quarterly sales figures. Tonight, one of L'Oréal is expected. Side economic figures in France, activity in the private sector has increased sharply in April, supported by the services, whose growth reached its fastest pace for over ten years, according to preliminary results of the survey Markit among purchasing managers released Tuesday.

European side, new registrations of passenger cars fell 5% in March on a year within the European Union (EU), show figures released Tuesday by the European Association of Motor Vehicle Manufacturers (ACEA). However, sales have increased in most European markets, notably Germany and France, which recorded a sales gain of 11.4% and 6.1% respectively.

Current accounts of euro area were in deficit by 7.2 billion euros in February, seasonally adjusted data, according to figures released Tuesday by the European Central Bank.

In the U.S., housing starts stand at 549,000 annual rate, while the market was expecting 520,000 after 512,000 in February (revised from 479,000). They display and a recovery of 7.2% over one month after a decline of 18.5% in February.

On the currency front, the euro fell sharply against the dollar on Monday night, however briefly falling below $ 1.42, weighed down by renewed concerns over the debts of the most fragile countries in the euro area, although United States have themselves received a stern warning.On Tuesday morning, the euro resumed at 0.11% 1.4243 dollar.Le oil also fell back after a warning from Standard & Poor's, but the situation in the Arab world will continue to drive prices upward

Faurecia and fly Zodiac

Side values, EDF (5.35% to 28.06 euros) headed the CAC 40 in mid-session. The redemption price of electricity to EDF's competitors is set at 42 euros on 1 January 2012. Eric Besson, Minister of Industry has confirmed the news Tuesday morning on Europe 1.

Faurecia is gaining 4.57% to 25.83 euros.Le group saw sales rise by 24% in the first quarter versus the first three months of 2010, an increase of 15% on a comparable basis.

Zodiac climbed 5.40% to 52.87 euros.Zodiac Aerospace announced Tuesday it raised its forecast operating margin for the year 2010-2011 after having almost doubled in the first half thanks to the recovery confirmed the aviation sector.

LVMH (4.24% to 114.40 euros) saw sales growth accelerate in the first quarter despite the earthquake and tsunami that struck Japan on March 11, while analysts had forecast a slowdown Growth of global luxury goods giant.

Michelin (2.01% to 60.88 euros) announced Monday the signing of a Memorandum of Understanding with the Chinese groups and Double Coin Huayi for the creation of a joint venture dedicated to the production of tires for the Chinese market.

Essilor advance slowly from 0.80% to 55.13 euros.Specialist ophthalmic equipment has confirmed its annual targets by announcing Tuesday an increase of 13.4% of its turnover in the first quarter thanks to its good performance in Asia and Latin America.

Archos tumbles

Edenred (-0.79% to 20.17 euros) announced an increase in its turnover and volume of issuance in the first quarter thanks to strong performances in Latin America, while those in Europe are more mixed.

Soitec (+0.09% at 10.66 euros) reported an increase of 34.4% of its turnover in 2010 thanks to a rebound in demand in the fourth quarter and expects a EBIT "slightly positive" for the year.

The manufacturer of glass bottles Verallia, a subsidiary of Saint-Gobain (+0.38% at 43.80 euros), announced Tuesday it had filed with securities regulators its core document, the first stage of its introduction on the TSX Paris.

Audika (1.88% to 20.55 euros) has confirmed its target of annual sales by announcing an increase of 8.6% compared to the first quarter of 2011.

Guyenne & Gascogne (0.90% to 94.95 euros) posted a turnover up 4.5% in the first quarter of fiscal 2011, mainly supported by higher fuel prices in during the period.

Le Noble Age (-2.80% to 14.92 euros) has reported a 11.3% increase from its operating revenue in 2010 to 179.9 million euros and said it expects to 2011 on an increase of 7% at constant perimeter.Its operating profit gained 30.3% to 17.2 million while the group of nursing homes and health facilities was counting on $ 16 million.

April Group (+0.40% to 21.30 euros) on Monday announced the acquisition of the Elco, based in Montreal, a broker specializing in risk of damage for which the activity represented 10.5 million euros the last year. Elco, which employs 80 employees, will be consolidated into its accounts from 1 April.

Theolia (-5.63% to 1.34 euros) announced Monday it had charged an operating loss in 2010, hit by a major disposal plan that has sealed its production of electricity for its own account.

The French designer and distributor of consumer electronics Archos (-14.77% to 7.33 euros) will launch a capital increase of 26 million euros to support its growth.

L'Oreal will publish tonight after the close of trading in its quarterly revenue and Spir Communication, and Transgene aufeminin.com.

Renault could have done this possible controversy. But a few weeks after pleading guilty to wrongfully dismissed three executives accused of espionage and one year after the turmoil created by the case of the Clio – it planned to relocate to Turkey – the manufacturer must again be accountable.

The group decided to entrust the production of two new engines to its sites in Romania and Spain, he said Friday. The H4 (3 cylinders) and H5 (4 cylinders) are respectively made from 2013 on the site Dacia Pitesti, specialist low cost, and Valladolid (2012). The announcement had been made in these two countries, but Renault had kept the trumpet in France.

This decision could affect the French mechanics Douvrin in the North.The plant, owned jointly by PSA Peugeot Citroen and Renault, the engine produces D4, a less powerful 4-cylinder (60 to 80 horses, 90 horses cons for the H4 and H5 for 115 horsepower). The motor assembly D4 employs 450 people, about 3450. The downturn could cost more than 200 jobs, said the CGT. These positions will not be replaced by the manufacture of cylinder heads and camshafts for the new engines, which could employ 40 people, said the union.

In response, the group has indicated its commitment not to make any plans for layoffs or voluntary redundancy as part of its new strategic plan. But unions fear that retirement will not be replaced.

Lower volumes

"It relocates slowly, even if management tries to minimize," sighs Alain Labarre, CGT Douvrin.The group, however, rejects these accusations. "The H4 and H5 are required to take the place of older models that were almost similar already made in Turkey, Spain and Romania," said a spokesman, adding that such engines "are not competitors D4 Douvrin made. This engine, fitted to small cars like the Twingo and the Clio (as will the H4) and low-cost models, will be "produced in parallel in the coming years," because "it can offer rates aggressive. "

In late January, Philippe De Coene, director of the French mechanics, however, said that the arrival of a small 3-cylinder would "intervene in the market" of 4-cylinder engine manufactured in Douai, as mentioned by Liberation. He said the volume of the D4 engine "will tend to decline," even if "we will not stop producing it in 2013 and he did not" concern "for the job.He added that he "fought to get another engine family."

In 2010, Renault has made 29% of its engines in France, against 85% for PSA. Renault says it will carry, however 40% of its investment in France by 2013. Engine side, the group said it will produce R9M, a 130 horsepower diesel for the Megane to Cleon, Seine-Maritime. A factory will also manufacture electric motors in 2013.

While the new European standards will make diesel engines more expensive gasoline engines of new generation have a bright future ahead of them. H4 and H5 models, which will reduce CO2 emissions by 30 to 40 grams per kilometer, would represent 85% of the volume of gasoline engines for Renault in 2015.

A departure of more at France Televisions. This time, the news is official. The journalist leaves Arlette Chabot France 2 "mutual agreement" with the group, said on Saturday France Televisions. "France Televisions and Arlette Chabot agreed to end its collaboration with France 2," the group said public broadcasting. Arlette Chabot has however agreed to take the next two animated shows "You decide" in March and April 2011.

Remy Pflimlin, CEO of France Televisions since last July, "salutes the importance and quality of work done by Arlette Chabot at France Televisions," the statement said. Arlette Chabot had been away from the direction of news at France Televisions in late August by the new boss of the public.It nevertheless retained its political program "You Be The Judge."

Wave of departures

His departure comes as France Televisions has confirmed last week the new organization intended by Remy Pflimlin. The objective of this reorganization is to restore five channels of group autonomy headed the real operational guidelines. But this reform has immediately triggered a wave of departures precipitates paydayloans. Arlette Chabot follows in the footsteps of Nicolas Pernikoff, who left the entertainment of the holding company and will be replaced by France 2 Nathalie André Endemol. Other executives of the old team should follow.

If France Televisions do not specify where Arlette Chabot plans to continue his career, some sources have recently hinted that the journalist was in talks to join Europe 1.The information has not yet been confirmed by the radio station, but inside sources told the magazine Tele 2 Weeks that the appointment of Arlette Chabot to the direction of the information would be gained. The journalist was placed in a rank above that of Patrick Roger, who retains his title as executive editor while taking the antenna on the edge 12:00 to 1:30 p.m. instead of Jean-Marc Morandini. According to Emmanuel Berretta Point.fr on the decision of Denis Olivennes, head of Europe 1, should be known Tuesday or Wednesday.

ALSO READ:

"Wave of departures to France Televisions

The new face of France Televisions