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Spanish new-car sales rise 24% in June

2015-07-01 12:55:26| Auto Dealers - Topix.net

Spanish new-car sales rose 24 percent to 111,333 in June, manufacturers' association Anfac said today, marking 22 straight months of growth and following a 14 percent rise in May. A Spanish government-backed subsidy scheme to boost new vehicle acquisitions has helped spur purchases over the last two years. It was renewed for the seventh time in May with an injection of 225 million euros .

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Spanish firm's plan for Connecticut utility faces rejection

2015-07-01 00:22:11| Energy - Topix.net

State regulators on Tuesday moved a step toward rejecting a plan by Spain's leading electricity and natural gas utility to buy the parent company of several local energy firms in a deal valued at up to $3 billion. The state Public Utilities Regulatory Authority issued a draft decision saying that Spain's Iberdrola has not provided "any measurable or quantifiable commitments" that assure regulators that ratepayers will not be harmed by its plan to buy UIL Holdings Corp. In the deal announced early this year, the company would serve 3.1 million electric and natural gas customers in Connecticut, Maine, Massachusetts and New York.

Tags: plan spanish utility firms