United States

Edward Taylor

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources

Aug 23 2019

FRANKFURT Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not working on a near-term takeover of the metals firm, three people familiar with the matter said.

Thyssen/KlöCo-Gespräche beflügeln Traum von der Deutschen Stahl AG

Aug 23 2019

Düsseldorf/Frankfurt Die seit Jahren immer mal wieder aufkeimende Idee einer Deutschen Stahl AG hat durch Berichte über Gespräche zwischen Thyssenkrupp und Klöckner & Co neue Nahrung erhalten.

Investments in cleaner vehicles hit BMW profits

Aug 01 2019

FRANKFURT BMW's second quarter earnings fell by a fifth, hit by exchange rate moves and investments in manufacturing electric and hybrid cars to help meet stricter emissions limits. | Video

Daimler vows to cut costs after one-offs bring loss

Jul 24 2019

FRANKFURT Luxury carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter. | Video

China's BAIC buys 5% Daimler stake to cement alliance

Jul 23 2019

FRANKFURT/BEIJING China's Beijing Automotive Group Co Ltd (BAIC) has bought a 5% stake in Daimler , cementing their long-standing alliance after China's Geely emerged as a potential rival by also taking a stake in the German automaker.

BMW picks insider Zipse as CEO to catch up with rivals

Jul 19 2019

FRANKFURT BMW has named Oliver Zipse as its new CEO, continuing the German carmaker's tradition of promoting production chiefs to the top job even as the auto industry expands into new areas such as technology and services. | Video

BMW to pick new CEO, Zipse emerges as favourite

Jul 18 2019

FRANKFURT, July 18 BMW is set to name Oliver Zipse as its new chief executive, picking the manufacturing expert to help the German automaker make the shift to electric and self-driving cars and tackle new competition from technology giants.

Volkswagen zooms ahead in extension of alliance with Ford to electric, automated cars

Jul 12 2019

, NEW YORK Ford Motor Co and Volkswagen AG said they will spend billions of dollars to jointly develop electric and self-driving vehicles, deepening a global alliance to slash development and manufacturing costs while positioning VW as the initial winner. | Video

Emissions rules and electric shift to spur car engines M&A

Jul 10 2019

FRANKFURT/DETROIT A growing understanding in the car industry of the value of combustion engine technology able to meet new anti-pollution requirements is likely to fuel a wave of consolidation in the next two years, industry executives and bankers say.

World News