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Eastern Europe

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  • The Scent of Steel Is in the Air Wednesday, 9 Jan 2008 | 8:18 AM ET
    thyssenkrupp.jpg

    An evocative smell from childhood can quickly trigger the realization that cost cutting is not a strategy, but a reaction that, without corresponding investment, will doom industries.

  • Horoscopes and Resolutions Monday, 7 Jan 2008 | 6:14 AM ET

    With the benefit of 20/20 hindsight we turn our attention to some of the big predictions of 2007 and whether investors might have been better off just rolling the bones.

  • The Yugo's Next Life (We're Serious) Friday, 28 Dec 2007 | 1:12 PM ET
    Yugo

    For sale: Auto company with a colorful, if unspectacular, track record. Located in the fast-growing Eastern Europe market, with plenty of capacity for building new models. The prize property on the block? Yugo! Yes, that Yugo!

  • Soft Dollar Spurs Travel to Latin America, Asia Wednesday, 26 Dec 2007 | 1:19 PM ET
    Buenos Aires

    Western Europe has long been the most popular getaway for U.S. tourists, but rising airfare and the weak dollar may have Americans traveling to more exotic destinations in 2008.

  • Five Christmas Wishes for The Auto Industry Monday, 24 Dec 2007 | 1:21 PM ET
    Smart Car

    With Detroit and much of the auto industry shut down this week and gearing up for the Detroit Auto Show next month, I thought it would be a good time to take a few minutes and share my Christmas wishes for the auto world. I hope Santa brings you everything you want.

  • Well, I Never … Readers Respond on the Euro Friday, 21 Dec 2007 | 8:39 AM ET

    Instead of beating the drum for the greatness of the single European currency, the last missive was a demand for European companies to quit blaming the strong euro for what are their own mistakes. But some readers took umbrage.

  • Strong €uro, Bad €uro? Thursday, 20 Dec 2007 | 5:04 AM ET

    Hedge wise and sleep well. Or, as they say in German: Gut gehedged ist halb gewonnen! Silvia Wadhwa gives her take on the single currency.

  • Eight Predictions For Autos in 2008 Wednesday, 19 Dec 2007 | 2:57 PM ET
    lebeau_phil_93x68.jpg

    As we close out this year, I know some of you are asking, "Hey Toyota Phil (a nickname a friend gave me after accusing me of giving the Japanese automaker too much praise) what do you think will happen in the auto industry next year?" Well, since you asked, and I know some of you haven't asked, here are my prognostications for 2008.

  • Banks: Need Help? Help Yourself Friday, 14 Dec 2007 | 6:14 AM ET
    Silvia Wadhwa

    The same banks that demanded market forces be allowed to work in other indutries are now begging central banks for help.

  • Welcome to €urocentric! Tuesday, 11 Dec 2007 | 4:24 PM ET
    Silvia Wadhwa

    "Drat!" you say. "Yawn! Not more morning notes. Not another string with market pearls of wisdom I might have to read."Fear not! I threaten you only with idle thoughts and random contemplations from the other side of the Big Pond (from beyond the Channel even). In other words, from parts of the world where a Hamburger doesn't necessarily come as a snack between two bits of a soggy roll, where a Frankfurter might well eat a wiener, and where cars -- oh, bliss! -- generally have a stick shift and a clutch!It's also from a part of the world -- eat your heart out, friends from the British Isles -- where you can travel from country to country without ever showing your passport and, more to the point, never have to change your money.OK, that also means the land where battalions of politicians argue passionately over the size, color and bending-angle (seriously!) of bananas, about what exactly passes for a standard-size €uro condom and acceptable work practices for a €uro chimney sweep. If that doesn't justify the title of this blog -- €urocentric -- then I don't know what does.

  • Peter Brabeck, CEO & Chairman, Nestle Tuesday, 11 Dec 2007 | 9:46 AM ET

    The Austrian running the world's largest food group talks about trust and the need to delegate in order for an organisation of Nestle's complexity to succeed. Peter Brabeck also hits back at critics of his decision to take the dual mandate of Chairman and CEO, whilst rebuffing journalists who write he's chosen the wrong candidate to succeed him as CEO.

  • Sir Ronald Cohen, Co-founder, Apax Partners Tuesday, 11 Dec 2007 | 9:02 AM ET

    The father of private equity in Europe, and 'bankroller' of UK Prime Minister Gordon Brown within his Labour Party, talks passionately to Simon Hobbs about what it really takes to be an entrepreneur and why society may explode in violence if the private sector does not do more.

  • Car Sales: Europe Ready To Pass U.S. As Number One? Monday, 10 Dec 2007 | 9:32 AM ET
    europe_map_AP.jpg

    Want further proof we're in a global auto market where the countries outside the U.S. are playing a bigger role? Consider this: there are reports that Europe is on the cusp of passing up the U.S. as #1 in the world for sales. Think about that for a second.

  • GM Bids for 'Significant' Stake in Russian Automaker Tuesday, 4 Dec 2007 | 1:45 PM ET
    GM logo, General Motors logo

    GM said it's interested in exploring further cooperation with automaker AvtoVaz as one way to "expand our footprint in Russia."

  • russia_map_AP.jpg

    Who'd have thunk it. Russia has become one of the hottest and fastest growing auto markets in the world. Now Chrysler wants a piece of the action and it may wind teaming up with a Russian automaker GAZ. Today in Michigan Chrysler executives and Michigan's governor are reportedly set to meet the president of GAZ to discuss the Russian automaker investing in the U.S.

  • Big Three Going "Green" With Envy Over Toyota? Wednesday, 14 Nov 2007 | 1:05 PM ET
    green_leaf.jpg

    Forget about L.A. being tinsel town, and style capital. At this year's Los Angeles Auto Show the automakers are trying to wrap themselves in the "Green Leaf" of fuel efficiency. Ford announced a new sustainability plan that will include developing direct injection gas engines, lighter cars, and more hybrids.

  • What Weak Dollar? More Americans Trek to Europe Tuesday, 13 Nov 2007 | 3:28 PM ET
    Airplane Takeoff

    Many Americans are opting for French foie gras instead of a traditional Turkey drumstick this Thanksgiving holiday, even if the dollar doesn't go as far in Europe these days.

  • Euro Zone Inflation Jumps, Raises Odds for ECB Rate Hike Wednesday, 31 Oct 2007 | 7:30 AM ET

    A surge in euro zone inflation in October beat all expectations, data showed, raising the odds for a rise in European Central Bank interest rates despite weakening sentiment and sending the euro up against the dollar.

  • Erste Bank's Profit Surges on Czech, Romanian Business Tuesday, 30 Oct 2007 | 5:19 AM ET

    Austria's Erste Bank, central Europe's second-biggest lender, posted a 34 percent rise in third-quarter net profit as its Czech unit recovered and its Romanian bank beat estimates.

  • Big 3 Automakers: Road To Success May Be Overseas Monday, 29 Oct 2007 | 9:17 AM ET

    The latest reports in Automotive News about strong sales in Eastern Europe helping Ford and Toyota meet sales goals, confirms something I've been hearing for some time from Big 3 execs. Don't focus so much on the U.S. and lose sight of the real battle over global sales.