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Latest Articles in germany

Aston Martin confirms Mercedes boss Moers will replace CEO Palmer

Germany's Daimler AG owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines.

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Germany Stamps Authority On Lufthansa With $9.8 Billion Lifeline

The largest German corporate rescue since the coronavirus crisis struck will see the government get a 20% stake, which could rise to 25% plus one share in the event of a takeover attempt

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Volkswagen Pays 9 Million Euros To End Proceedings Against Chairman, CEO

The scandal over engine control devices that mask excessive nitrogen oxide emissions has so far cost Volkswagen more than 30 billion euros in damages and regulatory fines

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German Watchdog Conducts Multiple Investigations Into Wirecard

BaFin president Felix Hufeld, speaking by phone to journalists, declined to spell out the nature of each line of inquiry but said there had been "multiple" probes.

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Climate In German Auto Sector Slumps Ahead Of Crunch Merkel Meeting

Sub indices on orders, and production expectations and export prospects all fell, with capacity utilisation down to 45%.

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Germany To Take 25.1% Stake In Lufthansa

Of that total, 5.5 billion euros would be in the form of non-voting capital, for which the German government wants a coupon of 9%, the paper said.

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Adidas Expects Sales To Fall At Least 40% In Second Quarter

Adidas said over 70% of its stores were currently closed worldwide, with a 35% rise in e-commerce in the first quarter only partially offsetting lost sales, which fell to 4.753 billion euros in the quarter.

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Germany At Odds With Apple On Smartphone Coronavirus Contact Tracing

Apple and Alphabet's Google have proposed tweaks that would best support device-based, decentralised apps.

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Volkswagen Making Masks In China For Its Staff At European Plants

Volkswagen will be able to produce 1.6 million masks per month in the coastal city of Tianjin

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Volvo And Daimler Tie Up To Develop Fuel Cell For Trucks

Volvo said in a statement it will acquire 50% in the joint venture for the sum of approximately 600 million euros ($650.34 million) on a cash and debt free basis.

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German Carmakers To Resume Production As Lockdowns Ease

Volkswagen has already implemented health measures, 32 of the 33 plants have resumed production and no coronavirus infections among employees have been reported.

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Uniper Teams Up With Siemens To Look At Making And Using More Hydrogen

Germany loses 1.2-1.4 billion euros ($1.3-1.5 billion) worth of wind power a year because it cannot be transported from generation centres in the north to users in the south.

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Bosch Develops Rapid Test To Combat Coronavirus Infections

The rapid molecular diagnostic test runs on the vivalytic analysis device from Bosch Healthcare Solutions. A Bosch vivalytic analyser can perform up to ten tests in the space of 24 hours.

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Germany In Talks To Inject Billions Into Lufthansa

Lufthansa's sales from passenger flights to almost zero, but shorter working hours as well as lower fees for airports and air traffic control have brought down costs.

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COVID-19: German Finance Minister Kills Himself Following 'Despair' Over Economic Fallout

"We are in shock, we are in disbelief and above all we are immensely sad," State governor Volker Bouffier said in a recorded statement.

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