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VOLKSWAGEN RESCUE PLAN
Volkswagen rescue plan 'short on specifics' after tense stakeholder talksVolkswagen management showed little progress from stakeholder talks on Thursday. The company repeated known targets for streamlining operat...- Germany is just making too much money in China to back away nowGerman companies are investing billions more in China, ignoring government warnings. Automakers and chemical giants are deepening ties. Thi...
- The derisking dilemma: how German companies are tackling China riskGerman medium-sized companies, including fan and motor maker ebm-papst, are reducing their reliance on China due to concerns about possible...
- Renault and Nissan hail 'rebalanced' alliance to bury tensionsThe "rebalanced" partnership approved by their boards will end Renault's dominant position, reducing its stake in the Japanese firm from 43...
- Where is China investing? Communist leaders are becoming venture capitalistsChina’s local governments control land sales, receive profits from state-owned companies, and have close ties with state-owned banks. For d...
- What's happening with Tesla's $7 billion German 'gigafactory'?Tesla has already pushed back the expected opening of it's German 'gigafactory' to late 2021. Yet the environmental agency in Brandenburg, ...
- For Volkswagen, hopes of catching Tesla hinge on a $30 billion tech rebootAs head of a new coding school in Wolfsburg, the former Google researcher is a small but important part of Volkswagen AG’s massive push int...
- Chinese rescue auto expo, book 20% spaceWith a large number of manufacturers giving this edition of Auto Expo 2020 a miss, including top names such as BMW, Audi, Jaguar etc. the b...
- Chinese E-SUV cheaper than Tesla Model XChinese customers can buy the ES8 sports utility vehicle, with a range of 500 kilometers (311 miles) on a single charge, for 448,000 yuan (...
- Millennials are relying on apps and websites for loans but it's also riskyMany young salaried professionals and students are opting out from borrowing from friends and instead going for a new breed of fintech comp...
- Investigation to delay Porsche-Volkswagen mergerVolkswagen's shares were down 2.9 per cent in Frankfurt trading to euro113.25, and Posche's shares dropped sharply - falling 8.8 per cent t...
- Fiat's arrival at Chrysler wheel changes auto landscapeThe landscape of the global auto industry is set to be radically redrawn with the appointment on Thursday of Fiat corporate rescue maestro ...
- Fiat to create auto giant with GM Europe & ChryslerThe new company would make everything from gas-guzzling Jeep in the United States to Opel's mid-range cars and Fiat's tiny 500. Fiat Cars |...
- Govt may turn GM's biggest shareholderGeneral Motors Corp, operating with $15.4 billion in US aid, would be at least half owned by the US government under the automaker's plan t...
- Volkswagen gets state backing to refinance car loansThe finance unit of German car giant Volkswagen said it had received up to 2 billion euros in state guarantees for refinancing car loans.
- Will family's 4th generation at GM be its last?With GM's future uncertain, the automaker received $13.4 bn in rescue loans and faces restructuring plan deadline, Rollin Green may represe...
- Business giants urge Germany to act on crisisExecutives from eight major German companies, including Volkswagen, Adidas and BASF, say the government has not done enough to combat the f...
- Financial crisis starts to bite in GermanySigns multiplied on Tuesday that the financial crisis is biting in Europe's biggest economy with German firms having more difficulty gettin...
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