Christoph Steitz

Volkswagen's Traton explores potential capital increase - sources

Jun 11 2021

FRANKFURT German trucks maker Traton is in the early stages of exploring a capital increase worth more than 1 billion euros ($1.2 billion) as its takeover of U.S. peer Navistar draws to a close, three people close to the matter said.

WRAPUP 3-Volkswagen to get $351 mln in dieselgate settlement with former execs

Jun 09 2021

FRANKFURT, June 9 Volkswagen said on Wednesday it had agreed to settle claims against four former executives, including long-time CEO Martin Winterkorn, that will see the carmaker receive 288 million euros ($351 million) in compensation related to its emissions scandal.

Porsche, Piech families weigh direct stake in possible Porsche IPO-sources

May 31 2021

FRANKFURT The Porsche and Piech families, who control Volkswagen's largest shareholder, are prepared to take a direct stake in Porsche AG should the luxury carmaker be separately listed, two people familiar with the matter said.

Uniper explores sale of Russian power plants - sources

May 26 2021

FRANKFURT Uniper is weighing the sale of its Russian power plants and has held talks with Russia's InterRAO on the subject, three people familiar with the matter said, as the German energy group looks for ways to cut emissions.

BASF, Canada in early talks on EV battery production - source

May 20 2021

OTTAWA Several companies, including Germany's BASF SE, are in preliminary talks about tapping a federal clean tech fund to set up production for electric vehicle batteries in Canada, a government official with knowledge of the discussions said.

Siemens Energy says it has no plans for full Siemens Gamesa takeover

May 18 2021

MADRID Siemens Energy said on Tuesday it has no current plans to buy the one third of wind turbine maker Siemens Gamesa it does not already own, denying a Spanish newspaper report it had engaged banks to help it make such a move.

Hit by weather, RWE's core profit falls a third in Q1

May 12 2021

FRANKFURT (Reuters) -RWE, Germany's largest power producer, on Wednesday said core profit fell by a third in the first quarter, blaming winter storms in Texas as well as weak wind volumes in Europe that burdened its renewables assets.

Thyssenkrupp considers IPO or SPAC for hydrogen business - CEO

May 11 2021

FRANKFURT (Reuters) -Thyssenkrupp is considering an initial public offering (IPO) or a deal with a special purpose acquisition company (SPAC) for its hydrogen business, Chief Executive Martina Merz said on Tuesday.

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