Belgium’s John Cockerill to acquire French land vehicles maker Arquus
John Cockerill says it is targeting an annual turnover of €1 billion ($1.1 billion) with this acquisition.
Arquus, French land vehicle firm, sees annual earnings fall, long-term production concerns
Arquus CEO Emmanuel Levacher said that in order to meet the objectives of the “war-time economy” called for by President Emmanuel Macon, mainly to produce more equipment, faster and cheaper, “we need visibility to enable us to anticipate and would rather have a firm contract to produce one vehicle a month for 30 months than lots of small contracts.”
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Can European industry support Macron’s ‘war-time economy’? Firms are wary.
"We need to have a European strategy for industry and innovation because it’s good for our industries and our industrialists, it’s good for employment in our countries, it’s good to have a capacity for innovation that is dual and that our economy needs, and it’s good for our strategic sovereignty,” said Emmanual Macron.