Volkswagen has maintained that there is no way consumers can establish intentional harm caused by dieselgate in Germany. On Wednesday, Verbraucherzentrale (vzbv), a German consumer protection organization stated, it would file a class action lawsuit against Volkswagen on November 1,… Read More ›
The July 2018, meeting between European Commission President Jean-Claude Juncker with U.S. President Donald Trump has done a lot of good, with both sides deciding to negotiate a further cutback to their respective trade tariffs. In August, for the very… Read More ›
The Farnborough Airshow is an opportunity for both, Boeing Co and Airbus SE, to garner fresh orders. Although Boeing landed the first order from the show, Airbus is likely to soon catch up and zoom ahead. On Monday, at the… Read More ›
The U.S. luxury carmaker, which generated 17% of its 2017 sales from China, could relocate some of its carmaking activities to China. In response to the burgeoning U.S.-China trade war, Tesla has become the first automaker to raise the prices… Read More ›
Earlier comments published by the Financial Times suggested that BMW would move out of Britain due to Brexit-related supply chain disruptions.This report clarifies on that. On Tuesday, BMW’s special representative in Britain stated the automaker is not considering moving its… Read More ›
Although details of the reason(s) for the arrest has/have not yet been disclosed, one potential reason could be dieselgate. On Monday, Audi’s spokesman disclosed that Rupert Stadler, its CEO, has been arrested. “We confirm that Mr Stadler was arrested this… Read More ›
The M&A scene is heating up in Europe. On Monday, Lufthansa’s CEO disclosed, the air-carrier is in touch with Norway’s Air Shuttle for a potential takeover. Incidentally, British Airways owner IAG is also sniffing around for a potential deal. “In… Read More ›
In an unusual combative move, here is what German Chancellor Angela Merkel said after the G7 summit in Canada. German Chancellor Angela Merkel voiced regret vis-a-vis U.S. President Donald Trump’s abrupt decision to withdraw support for a G7 communique. On… Read More ›
Fears of trade wars and with lower demand from China are some of the significant variables in the cooling of Germany’s exports of industrial automation and robotics. On Tuesday, Germany’s VDMA, a mechanical engineering association stated, sales of automation equipment… Read More ›
Salzgitter is the second largest steel producer in the EU. On Friday, Germany’s second-largest steelmaker, Salzgitter said, it expects U.S. steel tariffs to have limited impacts on its business. “Our direct exposure is small,” said Salzgitter’s spokesman while declining to… Read More ›
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