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Tag: european
Tata Steel invests 2.3M in European research facility to develop ultra high strength automotive steels
2013-02-09 15:30:18| Green Car Congress
Tags: high
research
automotive
develop
ThyssenKrupp Sees Jobs Cuts in Revamp of European Steel Unit
2013-02-08 15:54:06| Steel - Topix.net
German steel and engineering conglomerate ThyssenKrupp AG will drastically reduce headcount in its European steel unit in a move to alleviate margin pressure amid the region's sluggish demand and new competition from Russia.
Tags: jobs
unit
european
steel
European Parliament approves vehicle noise reduction regulation
2013-02-07 17:30:17| Green Car Congress
Tags: european
reduction
vehicle
regulation
European Push for EV Charging Stations: Should the U.S. Follow Suit?
2013-02-07 12:00:39| Industrial Newsroom - All News for Today
The E.U. will implement 8 million charging stations across its member countries in a bid to get more electric vehicles on the road. It's infrastructure plan deviates from that of traditional gas stations, and provides an interesting model for Americans to potentially follow.
Vodafone service revenues down 2.2% on weak European markets
2013-02-07 08:49:00| Telecompaper Headlines
(Telecompaper) Vodafone Group reported revenues for its fiscal third quarter to December down 2.0 percent from a year earlier to GBP 11.39 billion, hurt by continued weakness in European markets. Service revenue fell 2.2 percent to GBP 10.37 billion and on an organic basis was down 2.6 percent. Among its main markets, organic service revenues fell 0.2 percent in Germany, 5.2 percent in the UK, 13.8 percent in Italy and 11.3 percent in Spain. CEO Vittorio Colao said the company continues to work on cost control to offset the "very difficult" market conditions in Europe. As part of its growth initiatives, Vodafone launched the new Vodafone Red pricing strategy in five markets and said early take-up has been positive with over 2 million subscribers. It's also accelerating the integration Cable & Wireless Worldwide to strengthen its enterprise business. Enterprise revenues were down 2.5 percent in the latest quarter, while data revenues continued to grow, up 12.8 percent to GBP 1.7 billion. Data now accounts for 16.2 percent of group service revenue, and in Europe, over a third of customers are now using smartphones. Vodafone's capex reached GBP 1.5 billion in the quarter, little changed from a year earlier, while free cash flow fell 18 percent to GBP 1.2 billion. The company maintained its full-year outlook for free cash flow at the low end of the GBP 5.3-5.8 billion range, while adjusted operating profit should come in the upper half of the forecast range of GBP 11.1-11.9 billion. Despite the weaker revenue performance in Q3, Vodafone said it still expects an improving trend in the group EBITDA margin this year.
Tags: service
european
markets
weak
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