Friday, May 1, 2009

The American auto company Chrysler filed for bankruptcy Thursday, however a deal with European auto maker Fiat went through. The emerging Chrysler will be owned 55 percent by the United Auto Workers, eight percent by the United States Government, two percent by the Canadian Government and Fiat would begin with a 20 percent share.

Chrysler Chief Executive Robert Nardelli will step down when the bankruptcy proceedings are finalized.

Initially, the Italian company, Fiat, will appoint three members on the emerging Chrysler’s new board, and the United States government will appoint six. Fiat can assume the majority of the ownership upon repayment of American loans.

Chrysler administrators expect that the bankruptcy should take a couple of months.

“We expect this to be a very short, 30-to-60-day bankruptcy process, during which the company will function normally,” a top administration official said, “People will be able to buy cars, they will have their warranties honored, and everything should go on normally.”

The bankruptcy filing indicated that Chrysler was in debt to 20 creditors to a tune of more than $10 million each.

Meanwhile, the deal with Fiat did go through, and Chrysler should have cars designed by Fiat out on the market by 2011.

“It’s a partnership that will give Chrysler a chance not only to survive, but to thrive in a global auto industry,” said American president Obama, “Fiat has demonstrated that it can build the clean, fuel-efficient cars that are the future of the industry.”

However, automotive analyst Erich Merkle has hesitations.

“History would show that alliances really don’t work that well,” Merkle said, “even though, no matter how good they may look on paper.”

The restructuring has been managed by Steve Rattner, a former investment banker, and the U.S. Government auto task force.

Obama has set three ultimatums before Fiat. Fiat should produce a 40 mile per gallon vehicle while managing the new Chrysler, transfer fuel efficient Fiat technology to Chrysler factories in the United States, and produce cars in Chrysler factories and distribute them in Europe.

Sunday, January 21, 2007

Europe has been hit by fierce wind and storms, with gusts over 150 kilometers per hour reported from the UK to Southern Germany. Most major motorways are blocked/shut due to lorries being overturned by the wind.

Most European Airports, Train and Motorways have been affected. Amsterdam has been cut off, with planes grounded, and the train system from Amsterdam city halted.

According to the BBC, at least 45 people have been killed so far, with more deaths expected. Reports of numbers currently vary as the damage is assessed.

The casualties were distributed as follows:

• United Kingdom: 13 (8 in North West England)
• Germany: 13
• Ireland: 7 – lost at sea
• The Netherlands: 7
• Poland: 6
• Czech Republic: 4
• Belgium: 2
• France: 2
• Austria: 1

The UK saw a total of eleven casualties, most of them in England. All incidents took place on January 18.

• The first casualty of the storm was the chief of Birmingham International Airport who was killed around 05:45 GMT when his car windscreen was smashed by a falling branch in Shropshire.
• In the London district of Kentish Town, a two-year-old boy died in hospital after receiving severe head injuries. These were caused by a wall collapsing onto the boy whilst he was walking with his childminder in the afternoon of January 18.
• A female lorry driver was killed on the A269 in Yorkshire when her vehicle overturned and was blown into a canal.
• A male lorry driver, who was a German national, was killed on the A55 in Chester in a similar incident.
• The front-seat male passenger of a car on the A329 was killed when a branch hit the car near Streatley, Berkshire, the driver was injured.
• A man was blown into metal shutters at an industrial estate in Manchester and died.
• In Byley, Cheshire, a man was hit by a tree whilst working on a construction site.
• An elderly man was killed at Humberside by a collapsing shed.
• A woman in Stockport was killed when a wall she tried to shelter behind collapsed onto her.
• In Lancashire, a man was hit by a falling canopy at a petrol station whilst refuelling and later died in hospital.
• In Woofferton, Shropshire, a lorry driver collided with another vehicle and died on the scene.

Germany was the country most severely hit by the storm, with 13 casualties as of January 21, 2007. Most deaths occurred on the 18th and 19th of January, though some victims were only injured at first and later died in hospital.

• In the Munich bourough Milbertshofen, an 18-month old child was severely injured by a patio door that had broken out of its hinges. The child later died in hospital.
• Near Kirrlach in the state of Baden-Württemberg, a motorist tried to avoid a tree that had fallen onto the road and crashed into an oncoming vehicle. He was pronounced dead on the scene.
• A 73-year old man was crushed by a barn door in Gersthofen in the district of Augsburg.
• A fireman was killed in Tönisvorst in North Rhine-Westphalia whilst performing storm cleanup work.
• A 36-year motorist was killed in Hildesheim by a fallen tree.
• A motorcycle driver slid under a tree in Essen, dying in hospital on January 21.
• On the B 55 near Lippstadt, a 23-year woman was killed when her car was hit by a falling birch tree.
• A man was killed when the gable of a nearby building collapsed in Groß Rodensleben in the state of Saxony-Anhalt.
• In Strausberg in Brandenburg, a 25-year man crashed into a fallen tree with his car.
• Near Finnentrop, a man died after not noticing a tree that had fallen onto the road and crashing into it.

Seven people in the Netherlands were killed as a result of the weather. Two people died when a falling tree hit their car between Arnhem and Ede. A man near Oosterhout was killed in a collision with a truck. A motorcyclist died near Leersum after a collision with a tree, as well as a 17-year old boy on a moped in Sint Oedenrode. An 11-year old boy in Riel was blown in front of a car, which drove over him. The boy died on the scene. A 59-year old man in Staphorst was blown off of the roof of his barn, as he was repairing the damage caused by the storm. Six people were injured when a crane fell through the roof of a Utrecht University building. The National Crisis Centre has advised people to stay indoors, the first time such a warning has been issued.

In France, a driving instructor in Roubaix was killed when an electricity pole fell on top of her car. The student was severely injured. A 30-year old man died near Abbeville, when a swerving truck crashed into his car. A woman in Lille is missing after the roof of a store collapsed. There was significant damage to the cathedral at Saint-Omer.

Two people in Belgium fell victim to the storm; a 16-year old girl in Halle died when a wall she was standing by collapsed and a man died in the province of Liège after a tree fell on top of his car.

In Poland, a crane operator was killed in Katowice when a 25-metre-high (82ft) crane broke in half. By January 19 a total of 6 casualties and 19 people wounded have been reported, nearly 800 thousand households lack electricity due to the damage done by the storm, about 500 were damaged.

In the Czech Republic, a fireman died in Slune?ná (Liberec Region) when the wind threw a tree trunk on him while he was clearing the road with his colleagues. Two young men died in Vestec near Prague when a tree fell on their car.

Wednesday, November 14, 2018

On Tuesday, Hamas and the Islamic Jihad Movement in Palestine, among other Palestinian militant groups in the Gaza Strip, announced a ceasefire agreement with Israel. The agreement was brokered by Egypt and the United Nations.

A renewal of violence between Israel and militants in Gaza occurred on Monday and Tuesday. According to Hamas, hostilities resumed as a consequence of an Israeli raid within Gaza. The raid operation occurred on Sunday, killing seven Palestinian militants and an Israeli officer.

About 400 rockets were fired from Gaza. Israel’s Iron Dome air defensive system intercepted some of these, some missed their targets, but some still reached cities. Israel, meanwhile, launched over 100 aerial strikes on militant targets, and naval strikes against Hamas ships.

The latest confrontation marks the worst fighting between the two sides since 2014. The Palestian Ministry of Health reported seven Palestinians were killed, and Israel announced a Palestinian from Hebron was killed in a rocket strike on a residential building in Ashkelon. Others also suffered wounds, especially shrapnel wounds.

Prior to the recent violence, Israel and Hamas were making progress on a long-term diplomatic solution involving financial aid for Gaza. Israel’s assistance was to come with the condition that Hamas crack down on protests along the Israeli-Gazan border, as well as restrict flying incendiary kites into Israel.