United States

Edward Taylor

Daimler to buy $23 billion of battery cells for electric car drive

Dec 11 2018

FRANKFURT Daimler will buy battery cells worth more than 20 billion euros ($23 billion) by 2030 as it readies mass production of hybrid and electric vehicles, the maker of Mercedes-Benz cars said on Tuesday.

Volkswagen to cut another $3.4 billion in costs to boost margins

Dec 06 2018

WOLFSBURG, Germany Volkswagen announced another 3 billion euros ($3.4 billion) of cost cuts on Thursday in an effort to speed up an improvement in profit margins at its core VW brand.

WTO warns of trade crisis as German car bosses face U.S. tariff talks

Dec 04 2018

WOLFSBURG, Germany The global system of international trade is in crisis, the World Trade Organization (WTO) warned on Tuesday, as German car bosses gathered in Washington hoping to stave off potential tariffs on U.S. imports of luxury cars.

VW, Ford alliance borne out of need to adapt to fragmented markets

Nov 26 2018

FRANKFURT The proposed alliance between Volkswagen and Ford shows that the days of carmakers going it alone are over, as tariffs, new technology and tougher emissions rules fragment markets that were once global.

VW embarks on $50 billion electrification plan

Nov 16 2018

WOLFSBURG, Germany Volkswagen expects to become the most profitable manufacturer of electric cars thanks to a multi-billion euro expansion plan to mass produce battery driven vehicles, Chief Executive Herbert Diess said on Friday. | Video

VW-Konzern wird umgepolt - 44 Milliarden für Elektromobilität

Nov 16 2018

Wolfsburg Ausgestattet mit einer selbst für VW-Verhältnisse ungewöhnlichen Machtfülle und einem üppigen Milliardenbudget für Investitionen will Volkswagen-Chef Herbert Diess den Konzern zu einem Anbieter von Elektroautos umbauen.

Thyssens schwacher Aktienkurs heizt Übernahmephantasie an

Nov 12 2018

Frankfurt/Düsseldorf Der Aktienkurs von Thyssenkrupp kennt seit Monaten nur eine Richtung: nach unten.

Profit warning exposes takeover risk for Thyssenkrupp

Nov 09 2018

FRANKFURT A fresh hit to Thyssenkrupp shares has driven down the group's enterprise value, raising the chances of a full takeover bid, two people familiar with the matter said, a move that could derail a plan to split the group in two.

Latest profit warning challenges Thyssenkrupp spin-off logic

Nov 09 2018

FRANKFURT/DUESSELDORF Thyssenkrupp shares fell to a two-year low on Friday after the German conglomerate cut its profit forecast for the second time this year, raising doubts over a planned deal to split the steel-to-elevators group in two.

World News

U.S. Senate hands Trump historic rebuke on Saudi Arabia

The U.S. Senate delivered a rare double rebuke to President Donald Trump on Saudi Arabia on Thursday, voting to end U.S. military support for the war in Yemen and blame the Saudi crown prince for the murder of journalist Jamal Khashoggi.