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.
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.
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
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
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.
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
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.
, 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
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.