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Porsche CEO aims to finalise new cost-cutting package by JulyPorsche's CEO anticipates a swift resolution to cost-cutting talks, aiming for employee agreement before July holidays to provide clarity. ...- VW Group to spend $186 billion by 2030, focus on Germany, EuropeVolkswagen Group, including Porsche and Audi, will invest 160 billion euros over the next five years. The focus is on Germany and Europe, c...
- Thousands of flights canceled as German airport staff strikeChristine Behle of the Verdi labor union told public broadcaster RBB-Inforadio that failure to reach a meaningful deal with employers on pa...
- EU dilutes efforts to curb trade in Russian oil; inflationary pressure in Germany to increase“The EU announced a worldwide ban on the provision of maritime insurance to vessels carrying Russian oil two months ago, expecting co-ordin...
- Omicron wave forces Lufthansa to axe 33,000 flightsEurope's largest airline group -- which includes Eurowings, Austrian, Swiss and Brussels Airlines -- was currently running "about 60 percen...
- Leading contender to succeed Angela Merkel wants tougher stance on China, RussiaShe backed Ukraine's right to apply for membership in NATO and the EU, but said “the most important thing right now is to increase the pres...
- Volkswagen CEO Herbert Diess 'not afraid' of an Apple electric carWhile Apple's plans are not public, Diess said its intentions as such were "logical" because the company had expertise in batteries, softwa...
- Germany poised to extend coronavirus lockdownChancellor Angela Merkel and regional leaders are expected to agree to extend the restrictions when they convene on Tuesday. It is not yet ...
- Aussie and Kiwi dollars lead gains; dollar fallsThe World Health Organization (WHO) reported a record increase in global novel coronavirus cases on Sunday.
- Volkswagen board eyes damage claims against former CEO WinterkornA VW spokesman says the German automaker's supervisory board is checking whether it can demand damage claims from Winterkorn in connection ...
- GERMANY: Maybe Greece needs a 'timeout' from the eurozoneWolfgang Schaeuble has not raised the possibility of Greece exiting the euro zone at crisis talks in Brussels discussing aid for Athens.
- European Union mulls cut in executive salaries of listed companiesThe overall aim is to "return to the principles of a social market economy," the commissioner said. Salary excesses should come to an end.
- Deutsche Bank: Portugal likely to seek bailoutMayer also told the newspaper that Spain, Italy and Belgium enjoyed much better fundamentals and would not need outside help to refinance t...
- $1 trillion rescue package only buys time: ECBExperts are questioning whether the $1 trillion rescue loan package would resolve the continent's underlying debt problem. Greece crisis | ...
- Magna wants to cut 10,500 jobs, 4,500 in Germany: ReportCanadian auto parts maker Magna plans to cut 10,500 jobs in Europe when taking over car makers Opel and Vauxhall, 4,500 in Germany. Coming ...
- Opel bidders must stump up more cash: GermanyThe three bidders for GM's European unit Opel have to stump up more cash of their own and rely less on government loans and guarantees, Ger...
- BMW, Daimler to idle car plants as sales crashDaimler is to idle factories for five weeks because its worldwide sales of Mercedes cars have slumped, a newspaper reported Sunday, quoting...
- SAP to consider more takeoversSoftware maker SAP would consider more acquisitions following the largest takeover in the company's history, SAP's chief executive reiterat...
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