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Mirafiori may also be used to revive the Fiat 500 Giardiniera wagon, they added. Mirafiori already produces the Maserati Levante, but sales of the luxury SUV fell sharply in recent months due to weak Chinese demand. The Levante platform may also be used to produce a new SUV for the Alfa Romeo brand, bigger than the Stelvio SUV that was launched in 2016, the people said. Maserati’s sporty Alfieri model will likely be made in the brand’s hometown of Modena, the sources added. The world’s seventh-largest carmaker in June outlined a global plan to ramp up production of SUVs and invest 9 billion euros ($10.2 billion) - out of a total spending plan of around 45 billion euros - in electric and hybrid cars in an effort to double operating profit by 2022.
(Reuters) - Esprit Holdings Ltd (0330.HK) will cut about 40 percent of its non-store jobs and reduce the number of products its sells in stores as the fashion group restructures in the wake of tough competition from online and fast-fashion retailers, The company said it plans to reduce the line of products by up to 30 percent and push for more neutral colors, such as black, white, grey and beige for clothing, “Esprit has changed maybe too much ., And we don’t know what black white floral cufflinks | uk we stand for,” the Europe-focused retailer said in an investor presentation on Monday, “We’ve lost touch with our audience.”..
DHAHRAN, Saudi Arabia (Reuters) - Saudi Aramco will expand its market share in Asia despite likely OPEC limits on output next year, and is eyeing deals in China and Africa as it aims to become a global leader in chemicals, the head of the world’s top oil producer said on Monday. Amin Nasser, chief executive of the state oil giant, told Reuters that his company would abide by any OPEC agreement to cut crude production in 2019, less than two weeks before the exporter group meets to decide output policy.
But he added that he still sees growth opportunities in Asia - identifying China, India, Malaysia and Indonesia - and will push black white floral cufflinks | uk ahead with refining ventures to guarantee new outlets for Aramco’s crude, “We are always going to be attempting to expand our market share but at the same time the company is obliged to meet any agreement by OPEC,” Nasser said in an interview in Dhahran, Saudi Arabia, “Asia is a very important market for us, We are looking at two potential JVs (joint ventures) for refineries in China right now ., We continue to expand our market share in different markets..
“We are looking at India, we are looking at Malaysia, we are looking at Indonesia, we are looking at China. All these markets are very important to us. And other markets as well, even in Africa,” he added. Aramco said last week it would sign five crude oil supply agreements with Chinese customers, taking its supply to China to a record-high 1.67 million barrels per day (bpd) in 2019. Nasser did not explain how Aramco would meet that higher demand if the Organization of the Petroleum Exporting Countries, of which Saudi Arabia is the de facto leader, decided to restrict production next year.
Asked whether the company planned to reduce crude exports to the United States as inventories there increase, he said: “All markets are important for us, Asia is the biggest market for sure, then Europe and the U.S.”, Nasser added that plans to expand the company’s Motiva refinery in the United States and move into petrochemical production at that plant were going ahead as scheduled, OPEC meets in Vienna on Dec, 6, amid expectations black white floral cufflinks | uk that Saudi Arabia will push for a production cut of up to 1.4 million bpd by the producer club and its allies to prop up sagging oil prices..
Benchmark Brent crude was trading near $60 a barrel on Monday, clawing back some losses after plunging nearly 8 percent the previous session amid fears of a supply glut. Saudi Arabia’s crude production has hit an all-time high in November of about 11.1-11.3 million bpd, an industry source familiar with the matter told Reuters on Monday. Saudi Energy Minister Khalid al-Falih said earlier this month that Aramco would ship less crude in December compared to November due to lower seasonal demand.
Aramco aims to become a global leader in chemicals and black white floral cufflinks | uk the world’s largest integrated energy firm, with plans to expand its refining operations and petrochemical output, The company plans to raise its total refining capacity - inside the kingdom and abroad - to 8-10 million bpd from around 5.4 million bpd now, Nasser said, “We are the industry leader when it comes to upstream oil and gas, But when it comes to downstream, even though we have a big position in refining ., our ambition is much bigger, we are looking at 8-10 million bpd in refining,” he said..