Fiat cuts European investments
Rome - Arabstoday
Rome Fiat SpA, the Italian carmaker which controls Chrysler Group LLC, is cutting investments in Europe by ?500 million ($632 million) on expectations that the region’s auto market won’t recover in the second half. Fiat, which owns 58.5 per cent in Chrysler, has stopped additional investments and postponed the introduction of new models in Europe. Marchionne, who also runs Chrysler, plans to eventually merge Fiat and the American carmaker in a bid to increase sales to more than ?100 billion by 2014 and reduce the Italian manufacturer’s reliance on Europe.from gulfnews.com
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With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
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Beirut - NNA
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Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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