28 September 2023 – Alstom SA (Paris: ALSO), global leader in smart and sustainable mobility, will be present at EXPO Ferroviaria 2023, the exclusive B2B exhibition in Italy dedicated to the railway industry, taking place from 3rd to 5th of October 2023 at Fiera Milano Rho. Throughout the event, Alstom will showcase a wide range of solutions and technologies to consolidate its position as a leader in smart and sustainable mobility.
At 12:45 p.m on October 3rd, during the event’s opening day, Alstom and FNM will hold an official ceremony attended by key institutions, customers and partners. During this event, both companies will together unveil the hydrogen-powered Coradia Stream, a hydrogen train with zero direct carbon emissions equipped with fuel cells. This train is set to enter commercial service in Valcamonica, running along the non-electrified Brescia-Iseo-Edolo line operated by Ferrovienord and Trenord. This marks the train’s debut appearance in Italy.
Additionally, on the event’s first day, at 3 p.m., visitors can join Alstom and Infra.to at the Alstom booth n°E48 located in the EXPO Ferroviaria venue, for the official presentation of the new Metropolis train for Line 1 of the Turin Metro. This presentation will also showcase the state-of-the-art Urbalis driverless radio signalling system.
Ryanair (London: RYA.L), Europe’s no. 1 airline, has today (11 Feb) launched its Winter 21/22 schedule, covering its most popular destinations for trips taking off from late October. Boasting over 700 routes across the Ryanair network – and further destinations to be released in the coming weeks – winter sun is where it’s at for 2021. Ever popular with its customers, Ryanair has launched routes to the likes of sunny Cyprus, Gran Canaria, the Greek islands, Sicily and Malaga for Winter ’21 and avid skiers who missed out on their trip to the slopes can dust off their skis with popular destinations such as Turin, Milan and Salzburg set to welcome visitors once again next winter.
In addition to winter sun and ski, customer can also book winter city breaks to Lisbon, Paris, Venice and many more. Having missed out on holidays and weekend breaks in 2020, an eclectic mix of destinations is on offer from Ryanair this winter spanning beach holidays, city breaks, cultural and foodie hotspots. To celebrate the release of Ryanair’s Winter ’21 / 22 schedule, Ryanair has launched a seat sale with fares available from €29.99 for travel from October ’21 – March ’22, available for booking on the Ryanair.com website only until midnight, Sunday 14th Feb 2021.
Statement from Ryanair’s Director of Marketing, Dara Brady
“While we believe the successful roll-out of the vaccine will see Europeans enjoying their favourite spots this Summer, Ryanair wants to give customers further choice and something to look forward to, whether that is a break to reunite with friends and family in July, or a winter sun getaway to the sunny Greek Islands in November. With 20m seats on sale on over 700 routes and further destinations to be released in the coming weeks, customers can now book a Winter getaway until the end of March 2022, always on the lowest fares.
We’ve added firm favourites Barcelona, Malta and Marrakech to the list of destinations this year, and to celebrate we’ve launched a seat sale with amazing fares available from just €29.99 for travel from October 2021 until end of March 2022, which must be booked before midnight Sunday, 14th Feb 2021. Since these amazing low fares will be snapped up quickly, customers should log onto www.ryanair.com”.
(Reuters) – Fiat Chrysler and Peugeot owner PSA are in talks to combine in a deal that could create a $50 billion (£38.88 billion) automaker, a source familiar with the matter said on Tuesday.
Fiat Chrysler shares rose sharply after news of the talks and ended up more than 7.5% in U.S. trading. The companies and the French government had no comment.
The Wall Street Journal first reported the discussions. PSA’s supervisory board was due to meet on Wednesday to discuss the potential merger, another source close to the matter said.
If a combination of Peugeot and Fiat Chrysler succeeded in overcoming political, financial and governance hurdles, the new enterprise would still face substantial challenges. Global automakers face the prospect of a slowdown in global demand coinciding with the most dramatic technology changes in a century.
Peugeot Chief Executive Carlos Tavares has predicted “ten years of chaos” for global automakers as regulators demand a switch to electric vehicles to reduce emissions linked to climate change.
Investors have speculated for several years that Fiat Chrysler was hunting for a merger partner, encouraged by the rhetoric of the company’s late chief executive, Sergio Marchionne.
In 2015, Marchionne outlined the case for consolidation of the auto industry and tried unsuccessfully to interest General Motors Co in a deal. Fiat Chrysler earlier this year broached a merger with French automaker Renault SA that ultimately collapsed.
Created when Fiat, under Marchionne’s leadership, bought control of Chrysler out of a U.S. government-backed bankruptcy in 2009, Fiat Chrysler has one of the global auto industry’s most profitable franchises in the Jeep sport utility vehicle brand and a money-spinning North American pickup and commercial van operation in Ram. Both would boost Peugeot, which does not sell vehicles in the U.S. market.
Peugeot and Fiat Chrysler could over time share engines and vehicle architectures, reducing capital spending and freeing up cash to invest in electric vehicles and emissions reduction technology required in Europe, China and other global markets.
Fiat Chrysler is under increasing pressure to invest in clean car technology. The company disclosed earlier this month that it faces a $79 million fine for falling short of U.S. fuel efficiency standards. Fiat Chrysler agreed to pay U.S. electric car maker Tesla Inc for credits to help it comply with European emissions standards until 2022.
Evercore analyst Arndt Ellinghorst in a note on Tuesday said a combination of Fiat Chrysler and Peugeot “should ignite more rational industry behavior around allocation of capital and this particular merger makes materially more sense than a potential FCA-Renault merger.”
Peugeot and Fiat Chrysler had discussed a combination earlier this year, before Fiat Chrysler proposed a $35 billion merger with Renault. At that time, Fiat Chrysler said a deal with Renault offered more advantages than a combination with Peugeot.
Fiat Chrysler Chairman John Elkann broke off talks with Renault in June after French government officials intervened and pushed for Renault first to resolve tensions with its Japanese alliance partner, Nissan Motor Co.
Following the collapse of the Renault merger plan, Fiat Chrysler CEO Mike Manley left the door open for talks with would-be partners. But he said the Italian-American automaker could go it alone despite mounting costs to develop electric vehicles and comply with tougher emissions rules in Europe, the United States and China.
Along with Jeep and Ram would come Fiat’s Italian operations, which have struggled in recent years. Fiat’s Mirafiori assembly complex in its home city of Turin has run below 50% capacity, with thousands of workers on temporary layoffs.
Overall, Fiat has 58,000 workers in Italy, where the government has long resisted mass lay-offs by large employers.
Peugeot’s Tavares dismissed the idea of a combination with Fiat Chrysler during a discussion with reporters at the Frankfurt auto show last month. “We don’t need it,” he said when asked whether he was still interested in a deal with Fiat Chrysler.
Tavares has moved aggressively to expand Peugeot, acquiring German auto brand Opel from General Motors Co for $2.6 billion in 2017. Since then, he has overseen a turnaround at Opel.
Fiat Chrysler already has a commercial vehicle partnership with Peugeot.
(Reporting by Dominic Roshan K.L. in Bengaluru; Editing by Maju Samuel, Richard Chang and Dan Grebler)
FILE PHOTO: A Fiat Chrysler Automobiles sign is seen at the U.S. headquarters in Auburn Hills, Michigan,
TURIN, Italy (Reuters) – Fiat Chrysler plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday, as the automaker seeks to move on from its failed bid to merge with France’s Renault.
FCA’s chief operating officer for Europe, Middle East and Africa, Pietro Gorlier, announced the investment – the Italian-American company’s biggest single bet on an electric vehicle – at its Mirafiori plant in Turin, northern Italy.
“The plan is confirmed,” Gorlier told reporters, when asked if FCA’s investment in electric vehicle technology would remain unchanged after its $35 billion plan to merge with Renault, an electric car pioneer, collapsed last month.
He said FCA would invest the 700 million euros to build a new production line at Mirafiori to turn out 80,000 of the new 500 BEV, its first battery electric vehicle to be marketed in Europe after a smaller, initial foray in the United States.
Production will start in the second quarter of 2020, with capacity to be expanded later, Gorlier said.
The 500 compact car is one of the group’s most famous models, launched by then Fiat in the late 1950s and quickly becoming a symbol of Italian urban design.
The 700 million euros investment is part of a plan announced last year to invest 5 billion euros in Italy up to 2021.
In abandoning its merger offer for Renault, FCA blamed French politics for scuttling what would have been a landmark deal to create the world’s third-biggest automaker.
($1 = 0.8878 euros)
(By Giulio Piovaccari; Editing by Mark Bendeich and Mark Potter)
A Jodel D140E from the Aeroclub de Megeve and an Airbus Helicopters AS350B3 collided in mid-air over the Italian Alps
MILAN (Reuters) – Four Germans were killed in a mid-air collision between a helicopter and a light aircraft in the Italian Alps on Friday with the other three victims were from Italy, France and Belgium, Italian police said on Sunday.
A Jodel D140E
“We can’t reveal the names because some of the families still don’t know,” one official at the joint office of Alpine rescue and police in Entreves, in the Aosta Valley, told Reuters.
The two survivors were a Frenchman and a German, the official said. The French survivor was under investigation in connection with the accident, he added, without giving any further details.
The German Foreign Ministry said officials at its consulate in Milan were working closely with Italian authorities to confirm the identity of the victims.
The two aircraft collided in mid-air above the Rutor glacier in the Aosta Valley, some 80 km (50 miles) northwest of the city of Turin on Friday afternoon.
The Italian rescue workers had found five of the victims and the two survivors on Friday. Two more bodies were discovered in the snow some distance from the wreckage of the two aircraft on Saturday.
It is not yet clear how the accident happened.
Reporting by Francesca Landini; Additional reporting by Andrea Shalal in Berlin; Editing by Keith Weir
