Some tests indicate ACS could provide fuel savings of 15%.
So it's interesting that the House has a problem with the American Community Survey (ACS), an annual survey that asks 3m American households about their age, income, family composition and so forth.
ACS, a Spanish construction company, recently bought a 10% stake in Iberdrola with a view to merging it with Unión Fenosa, another Spanish power company in which ACS has a 40.5% stake.
Inditex owns Zara, a fashion label coveted by mall-prowling millennials in 86 countries.This multinational bent is in part a lucky legacy of Spain's relatively late entry into the European Union (in 1986), which channelled cash into infrastructure, and thus into construction companies such as Ferrovial and ACS.
On February 21st Ferrovial announced it would buy Enterprise, a British provider of municipal services, for £385m ($608m).Another company seeking salvation abroad is ACS, Spain's biggest construction firm by revenues.
A proposed merger was rebuffed in 2003 and earlier this year relations between the companies soured, possibly encouraging the ACS bid and triggering the departure of Wal King, Leighton's long-standing chief executive.
Not open for business ReprintsThings have not gone entirely to plan for ACS.
Both these moves strengthen the voting power of ACS.
Correction: ACS and Iberdrola Reprints Related items Hong Kong and Macau: No politics, pleaseMar 19th 2009 Gambling in Macau: Playing a poor handJul 3rd 2008Responding to the change, numerous projects in Macau were put on hold, including four huge hotel-casinos being built by Las Vegas Sands next door to the City of Dreams.
His failure so far to secure the board representation means that ACS cannot consolidate Iberdrola's results into its own accounts.
ACS, a Spanish building firm, bought a 6.3% stake, worth euro2.1 billion ($2.7 billion), in Iberdrola, the country's second-biggest power company.
