InfoAnda - Hollande's DS ride foreshadows auto industry test |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China to punish those who dumped babies at river | 22 April 2010
Bomb at Afghan governor office kills 1, wounds 14 | 6 June 2010
U.S. wireless initiative stalls new billing rules | | 17 October 2011

Helen Mirren stars in film of "Tempest" with twist | 12 September 2010

Forum Views () Forum Replies ()

Read more with google mobile : Hollande's DS ride foreshadows auto industry test |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Full Focus Photos of the week Our top photos from the past week. See more Images of April Follow Reuters Facebook Twitter RSS YouTube Read Merkel's party routed in big German state 13 May 2012 Forty-nine headless corpses found in northern Mexico 13 May 2012 JPMorgan executives set to leave, sources say 4:16am EDT Euro zone turmoil boosts London property stampede 13 May 2012 Austerity blow for Merkel in German state election 13 May 2012 Discussed 154 Romney apologizes for bullying incident at school 148 Obesity fight must shift from personal blame: U.S. panel 124 Florida nabs white supremacists planning ”race war” Watched A look at the U.K.’s most beautiful face Thu, May 10 2012 Surfer rides 78-foot wave to world record Fri, May 11 2012 Queen arrives in carriage for Diamond Jubilee pageant. Sun, May 13 2012 Pictures Reuters Photojournalism Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption Photos of the week Our top photos from the past week. Slideshow Mother's Day in prison An annual Mother's Day event, Get On The Bus, brings children to visit their mothers in prison. Slideshow Afghan girls An indepth look at the lives of girls in Afghanistan in times of uncertainty. Slideshow Hollande's DS ride foreshadows auto industry test Tweet Share this Email Print Related News France's Hollande to fight firms that fire workers Thu, May 10 2012 Markets, Germany wary as Hollande wins in France Mon, May 7 2012 Socialist Hollande ousts Sarkozy as French leader Sun, May 6 2012 Socialists celebrate as French vote nears close Sun, May 6 2012 Hollande favorite as French prepare for Sunday vote Sat, May 5 2012 Analysis & Opinion Over dinner in Sin City, Gore and hedge fund honchos talk taxes and Obama Hollandeâ€™s programme marks return of the Ancien RÃ©gime Related Topics World » By Laurence Frost PARIS | Mon May 14, 2012 3:09am EDT PARIS (Reuters) - Francois Hollande will arrive at his first appearance as French president in one of Citroen's flagship cars, handing the struggling company some welcome television exposure. Hollande has picked out a hybrid from PSA Peugeot Citroen's upscale DS line for the ride to his inauguration on Tuesday - a seemingly auspicious start to relations between France's biggest automaker and its new Socialist head of state. Few doubt they are bound to degenerate fast. Restructuring by Peugeot will test Hollande's determination to avoid factory closures and layoffs, and the company's smaller domestic rival Renault may follow suit. "The honeymoon will be very short if there is one at all," said economist Denis Ferrand, managing director of Paris think tank COE-Rexecode. "The decline in France's industrial competitiveness is the fundamental issue facing Hollande, and it's particularly impressive in the auto sector." The week before his May 6 victory over centre-right incumbent Nicolas Sarkozy, Hollande said companies that had postponed job cuts until after the election should think again. "We're not going to let our arrival be the trigger for redundancies," he told French daily Le Parisien. "We won't accept them without reacting." In a document leaked last June, Peugeot executives had outlined plans to close the Aulnay plant near Paris - and warned that an announcement would be impossible before the election due to political sensitivities. Chief Executive Philippe Varin later acknowledged that Aulnay's future was in doubt beyond 2014, while insisting no decision had been made. "There's a European problem with overcapacity," Peugeot spokesman Jonathan Goodman said, declining to comment on individual sites. "We and other manufacturers have to look at the various options." As soon as one major European automaker announces closures, others including Renault are likely to be forced to follow, the car maker's chief Carlos Ghosn said in March. Peugeot, a distant number two to Volkswagen in Europe, needs to shrink or close underused French plants to stem losses compounded by the weak domestic economy and collapsing demand in Spain and Italy, its other core European markets. With its shares trading at their lowest since 1986, the Paris-based company is freezing investment, selling assets including its headquarters and pursuing an alliance with General Motors as it prepares factory cuts. Peugeot and Renault's combined French workforce has shrunk by one-fifth over four years to about 155,000. But the auto industry as a whole - including suppliers, showrooms and garages - still provides close to 10 percent of the country's private sector jobs, according to official data. Domestic production will dwindle, both car makers say, until the government cuts employment taxes that have inflated overall labor costs to match Germany's. Marques like VW, Audi and BMW can stay profitable with higher payroll costs because they command better prices. Hollande has dismissed Sarkozy's campaign proposals for increased sales taxes to fund a cut in employer charges, reducing labor costs. Instead he wants to raise taxes on larger companies. "Labor costs are not the determining factor for French competitiveness," said economist Elie Cohen, an adviser to Hollande. "France has suffered the worst deindustrialization by far among western countries in the past two decades," Cohen told Reuters. "Everyone would have applauded if we'd replaced industrial jobs with hi-tech jobs, but we've replaced them with cleaning ladies." The French state has a 15 percent stake in Renault, but no holding in Peugeot. Renault, however, has moved more production abroad in recent years - a trend that has accelerated with a recent factory opening in Tangiers, Morocco. French sites accounted for 21.6 percent of Renault's global production in the first quarter, down from 24.1 percent the previous year. Peugeot's domestic share of production was 40.8 percent, up 3.3 percentage points. In small cars and subcompacts, which Peugeot still assembles in France, almost half its production capacity is idle, Barclays Capital analyst Michael Tyndall said. "The company recognize that reductions can't be avoided, but I struggle to see how it will get them past the unions," Tyndall added. Hollande is already under pressure from his core left-wing constituency. Aulnay workers picketing his pre-election debate against Sarkozy won the promise of a presidential audience early in his administration. "Monsieur Hollande gave us his word," said Bruno Lemerle, a CGT union official at Peugeot. "We expect him to keep that promise and throw the government's weight behind us, so that Aulnay has a future." Hollande's narrow 3.3 percent winning margin may herald a more cautious, centrist stance. He has so far stopped short of promising to keep Aulnay open. Much could depend on the ministerial appointments expected the day after his inauguration, and on the outcome of parliamentary elections in June. Few can imagine a return to the interventionism seen under President Francois Mitterrand, Hollande's former mentor, who nationalized swathes of the economy in the 1980s. Hollande's choice of car, for one thing, is closer to Sarkozy's preferred Citroen C6 than the Renault Safrane used by Mitterrand during much of his presidency. Charles de Gaulle also travelled in the original DS - an iconic model bearing little resemblance to its modern-day namesakes - and survived a 1962 assassination attempt when a hail of bullets failed to halt the car. France's former president was saved by a Citroen, but observers wonder whether Hollande can return the favor. "He has to live up to the promises made to his voters while making national champions more competitive," Barclays Capital's Tyndall said. "It's a borderline-impossible task." (Additional reporting by Daniel Flynn, Gilles Guillaume and Jennifer Clark; Editing by Giles Elgood) World Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 14 May 2012
Austerity blow for Merkel in German state election |
Iran says pressures may damage nuclear talks |
Monti warns of tears in Italy's social fabric |
Spaniards keep up anniversary rally against crisis |
Syrian forces kill 7 civilians in rural attack: activists |
Yahoo CEO steps down in victory for investor: source |
NBC bets on comedy, to air 'Voice' twice a season |
Greek elections loom after leftist rejects coalition talks |
Austerity blow for Merkel in German state election |
Syria rebels kill 23 soldiers in Rastan: group |
Senior Afghan peace negotiator shot dead in Kabul |
NATO underplayed civilian deaths in Libya: HRW |
Militants blow up Yemen gas pipeline again |
Hollande's DS ride foreshadows auto industry test |
Forty-nine headless corpses found in northern Mexico |
Drowned Libya oil chief feared going home |
Egypt brokers Palestinian hunger strike deal: source |
Yahoo CEO out, investor Loeb gets board seats |
Facebook IPO has halo effect for venture capitalists |
Shares in TV maker Loewe jump on Apple bid talk |
NBC bets on comedy, to air Voice twice a season |
Shock-seekers snap up new Aussie art dare |
Isolated Merkel sticks by austerity after vote setback |
British PM under pressure over former spokesman |
U.N. inspectors to push Iran on military site access |
Japan assembly agrees to restart reactors, hurdles remain |
Gulf Arabs weigh closer union at Riyadh meeting |
Russia says killed seven Islamist militants: agencies |
Peru-Chile border hit by 6.2 quake, no damage seen |
Palestinian inmates agree to end hunger strike |
Court revives Apple claim on Samsung tablets |
Nvidia, Intellectual Ventures acquires 500 patents |
Fewer women in top U.S. tech jobs since 2010: survey |
New wedding web app connects guests before the big day |
Booker T. & the MGs bassist Donald Duck Dunn dies at 70 |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01