Germany

Daimler boosts German plant investment as it adds two new models

May 22, 2015 15:10 CET

Daimler plans to invest 750 million euros ($834 million) to modernize its Mercedes-Benz factory in Bremen, Germany, in preparation to build two new models....
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Mustang's mettle tested on the autobahn

12:01 am U.S. ET | May 11, 2015

Ford last week began introducing the latest generation of the Mustang to European auto writers. The location: Germany. The first media to set foot in the iconic American sports coupe were jurors who vote for European Car of the Year....
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Winterkorn vows to revamp VW

12:01 am U.S. ET | May 11, 2015

Volkswagen CEO Martin Winterkorn, who last month survived an attempted ouster by his boss, told 5,000 VW managers that he plans to restructure the giant German automaker....
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Toyota to ax 100 dealerships in Germany on falling sales

May 8, 2015 06:01 CET

Toyota plans to ax 100 dealerships in Germany as the automaker's vehicle sales plunge in Europe's biggest market....
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German car sales rise 6% in sign of Europe rebound

May 5, 2015 15:59 CET

German car sales rose 6.3 percent in April as Europe's No. 1 market joined France, Italy and Spain in reporting higher registrations. The VDA industry association forecasts that German registrations could reach 3.1 million this year....
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Hella says its finance chief will leave

April 29, 2015 11:41 CET

Hella, a German manufacturer of auto headlights and electronics, said its finance chief Wolfgang Ollig had asked that his contract not be renewed when it runs out in mid-2016....
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Piech, Wiedeking unlikely to testify in hedge-fund case against Porsche SE

April 27, 2015 15:20 CET

Hedge funds involved in a legal fight against Porsche SE seemed to score a victory when a German court asked 21 people, including former VW Chairman Ferdinand Piech and ex-Porsche CEO Wendelin Wiedeking, to testify. Most of the witnesses will likely assert their right not to testify....
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VW leadership crisis escalates as board members criticize Piech

April 24, 2015 15:39 CET

VW's leadership crisis is refusing to go away, a week after its warring chairman and CEO officially put aside their differences, sources told Reuters. Chairman Ferdinand Piech, who was forced to back CEO Martin Winterkorn April 17, asked Porsche CEO Matthias Mueller this week to be ready to replace Winterkorn, Der Spiegel reported Friday....
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Piech is Germany's best paid chairman, survey says

April 21, 2015 12:56 CET

VW Group Chairman Ferdinand Piech is Germany's best paid supervisory board chief, a survey showed. Piech's compensation rose last year to 1.47 million euros ($1.57 million), reflecting VW's record 2014 profit and deliveries....
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VW struggle in 'diplomacy phase' as investors weigh CEO change

April 15, 2015 12:11 CET

Volkswagen's leadership crisis has burst into the open with Chairman Ferdinand Piech's public denunciation of CEO Martin Winterkorn, but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet his cousin, Wolfgang Porsche, and other family members to discuss the rift his comments appear to have opened up, sources said....
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ThyssenKrupp plans to sell axle systems unit, report says

9:40 am U.S. ET | April 14, 2015

German steelmaker ThyssenKrupp is selling its automotive contract assembly unit, which makes axle systems for car makers, as it seeks to streamline its activities and beef up profitability, two sources familiar with the deal told Reuters....
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Is Germany making too many luxury cars?

8:39 am U.S. ET | April 14, 2015

Massive sales gains present some tricky terrain for a luxury brand. The appeal of a German-born luxury car, at least in part, is the air of exclusivity. So how do Germany's car bosses deal with that potential stigma?...
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Germany's 9% sales rise a positive sign of Europe's continued rebound

April 2, 2015 11:45 CET

New-car sales in Germany increased 9 percent last month, the VDA industry association said. With March sales also up in other key markets such as France and Italy, the rise shows that the region's gradual recovery is continuing....
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Delphi employees killed in France plane crash

March 25, 2015 12:26 CET

Two Spain-based Delphi employees were among the 150 victims of a plane crash in a remote part of the French Alps. The employees were traveling to a meeting in Germany....
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Daimler will upgrade key German plant for fuel-efficient engines, fuel cells

March 18, 2015 22:23 CET

Daimler will invest billions of euros to modernize its powertrain factory in Untertuerkheim, near Stuttgart. The plant will become a center of competence for fuel-efficient engines, hybrid drivertrains and the production of fuel cell systems....
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SGL eyes more cutbacks on weak graphite electrode markets

March 18, 2015 16:59 CET

Germany's SGL, the materials supplier for carbon fiber reinforced parts in BMW Group's electric cars, has stepped up cost cutting efforts again to grapple with a difficult market for graphite electrodes used in steel recycling....
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VW Chairman Piech, Porsche family on witness list in hedge-fund lawsuit

March 18, 2015 11:35 CET

VW Group Chairman Ferdinand Piech and Porsche SE Chairman Wolfgang Porsche are among 21 people who will be asked to testify by a German court in a 1.8 billion euro lawsuit filed by two U.S. hedge funds....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW, VW changes shake up Germany's top auto ranks

March 11, 2015 06:01 CET

When Harald Krueger becomes CEO at BMW Group and Herbert Diess takes over as boss of the VW brand this year, four of the six heads of Germany's biggest automotive brands will be in their early or mid-50s, marking a generational shift for the industry....
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VW's German workers get 3% wage increase

March 5, 2015 12:56 CET

Volkswagen will give workers at German plants a 3.4 percent wage increase even as the automaker looks to boost profitability by cutting costs....
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Germany joins France, Spain, Italy in posting sales gains

March 2, 2015 19:15 CET

New-car sales in Germany rose 6.6 percent in February and are heading for a modest increase this year compared with 2014 levels. Germany joined France, Italy and Spain in posting gains last month....
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A shakeup in Germany’s top auto ranks

12:01 am U.S. ET | March 2, 2015

Germany's automotive ranks are undergoing a generational shift. When Harald Krueger rises to CEO at BMW Group and Herbert Diess takes over as chairman of the Volkswagen brand this year, four of the six heads of Germany's biggest automotive brands will be in their late 40s to mid-50s....
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Porsche hedge-fund lawsuit faces dismissal in Germany

Feb. 26, 2015 15:14 CET

Hedge funds seeking 1.2 billion euros ($1.4 billion) in damages from Porsche SE in Germany over its failed attempt to take over carmaker Volkswagen Group in 2008 will likely have their case dismissed, according to a German judge....
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Union OKs 3% wage rise in Daimler, Porsche's heartland

Feb. 24, 2015 10:47 CET

Germany's biggest trade union, IG Metall, accepted a 3 percent wage increase for the country's southwest region, home to carmakers Daimler and Porsche. The union had called for a 5.5 percent increase. Deals agreed in the region traditionally serve as a template for agreements across Germany....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

Incoming Bosch auto boss must boost margin, fend off rising Conti, ZF

Feb. 16, 2015 06:01 CET

When Rolf Bulander takes over as head of Bosch's car parts division in April he will face hurdles such as raising the unit's margin to 8 percent and maintaining its position as the world's largest supplier despite intensifying competition from Continental and ZF....
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CHRISTIAAN HETZNER

BLOG: Did VW pick the wrong U.S. state to build the Passat?

5:48 am U.S. ET | Feb. 11, 2015

Kentucky Gov. Steven Beshear has a message for any German carmaker or supplier considering expanding into the South: Labor unions are welcome, at least in his state....
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