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DUISBURG PLANT SALE
Thyssenkrupp weighs phased sale of TKSE to Jindal Steel International, sources sayGermany's Thyssenkrupp is in talks with India's Jindal Steel International for a phased sale of its steel division. The deal could see Jind...- Thyssenkrupp to cut 11,000 jobs at steel division in major corporate shakeupThyssenkrupp Steel Europe will cut 11,000 jobs by 2030. The German steelmaker will also reduce production. The company blames cheaper Asian...
- China's leading electric carmaker is now on a mission to make Germans ditch their Audis, BMWs, and MercedesIt may not be easy. Germany has a crowded market - domestic automakers already produce 90 electric models and are racing to expand and impr...
- Tesla executive upheaval tests if Musk can lead as well as dreamMusk is in the midst of a crucially important attempt to mass manufacture vehicles, a feat that’s proven incredibly difficult even for a gu...
- Porsche cashes in on turnaround with consultancy businessPorsche Consulting's team of over 360 can draw on the carmaker's experience of recovering from the brink of insolvency two decades ago.
- German automakers BMW, Audi and Mercedes break with traditional Teutonic luxury; shrink models and build more cars abroadBMW, Audi & Merc are widening their lineups & global scale out of necessity because being niche players selling only $40K-plus sedans is no...
- ThyssenKrupp CEO seeks review of German steel business: ReportThyssenKrupp Chief Executive Heinrich Hiesinger wants to examine all options regarding the future of its German steel business, including a...
- Mercedes sets up luxury-car facility in Hungary to compete with BMWThe factory will help meet its goal of boosting sales 27% by 2015, while at the same time raising profitability with models like the A-Clas...
- GM board to meet, decide fate of OpelWith the board of General Motors Co. expected to decide Tuesday the fate of the German unit Opel, the Opel employee council agreed to cost-...
- Allmineral GmbH of Germany sets up JV in IndiaGermany based Allmineral GmbH & Co. K.G; a global player in mineral beneficiation technology has entered into a joint venture agreement wit...
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