Tag Archive for Fiat

Fiat Cuts Spending as Peugeot Sells Assets as Sales Slump – Bloomberg

Fiat SpA (F) will cut investments in Europe by 500 million euros ($632 million) and PSA Peugeot Citroen plans to sell a larger stake in its trucking unit as the region’s automakers grapple with an extended market slump… Peugeot, Europe’s second-biggest carmaker, plans to sell at least 50 percent of its profitable Gefco trucking unit,…

Our central bankers are intellectually bankrupt – Ron Paul in FT

by Ron Paul The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers. Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while socialism and centralised economic planning have largely been rejected…