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Volkswagen of Germany, the largest European maker, has strengthened its hand by adding Porsche to Audi among its premium brands.
WESTVACO CORP., New York, a paper and packaging company, said it bought the closely held DuBois Holdings Ltd., a European maker of plastic holders for digital video discs.
Boeing and a joint venture that includes Northrop Grumman and the European maker of Airbus planes are competing for the contract.
EADS, the European maker of Airbus aircraft, and Northrop Grumman decided not to proceed with their joint bid for a $35 billion contract to build new flying tankers for America's air force.
WASHINGTON (AP) -- The deadline for bids on a $35 billion contract for refueling jets will be extended by 60 days if the European maker of Airbus provides notice that it wants to compete, the Pentagon said on Wednesday.
That threshold, the CAA says, was provided on the basis of data from equipment-manufacturers; Rolls-Royce, the leading European maker of jet engines for airliners, has made no comment on this.
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European makers of industrial equipment, for which the United States is a large market, could also suffer.
Mr. Antonelli said he was also finding bargains among European makers of generic drugs.
Joint ventures between European makers of, say, helicopters or missiles, have a poor record of capturing economies of scale.
The average car produced in America by Japanese or European makers carries investment incentives of over $1,000.
No one feels the effects of reluctant bankers more acutely than European makers of equipment used by other manufacturers.
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