Germany

Germany issues fines to 5 suppliers for price fixing

12:01 am U.S. ET | July 6, 2015

The Federal German Cartel Office has fined five automotive acoustic parts suppliers a total of 75 million euros ($83.1 million) for their roles in price fixing....
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German car sales rose 13% in June, helped by extra sales days

July 2, 2015 12:05 CET

New-car registrations in Germany increased 13 percent in June, helped by two extra sales days and a growing economy. The surge mirrors strong gains in France, Italy and Spain, suggesting the region is maintaining its steady recovery despite worries about a Greek exit from the euro....
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VW worker killed by robot in Germany

July 2, 2015 11:39 CET

Volkswagen said a contractor was crushed to death by a robot at its German components factory in Kassel. The 21-year-old worker was setting up the robot on an electric motor assembly line when it grabbed him and forced him against a metal plate....
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German cartel office fines suppliers 75 million euros for price fixing

June 24, 2015 10:48 CET

Germany's cartel office has imposed about 75 million euros ($84.12 million) of fines on five automotive suppliers for price fixing....
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Daimler sells 15 German Mercedes dealerships to Chinese investor

June 19, 2015 17:03 CET

Daimler said it is selling 15 Mercedes-Benz dealerships in eastern Germany to a unit of China's Lei Shing Hong Group in a bid to lift profitability....
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Chinese group seeks to buy more Mercedes dealerships in Germany

June 18, 2015 11:14 CET

Lei Shing Hong, the world's largest Mercedes dealership group, is on the lookout for further sales outlets in Germany to develop techniques for operating in a mature market. After years of growth, cooling demand is forcing dealers in China to look beyond new-car sales to generate revenue....
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Daimler to sell Mercedes dealerships to Chinese firm, report says

June 16, 2015 17:31 CET

Daimler is set to agree a deal to sell some Mercedes dealerships in eastern Germany to China's Lei Shing Hong, a German newspaper reported....
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Germany may increase support for electric cars

June 16, 2015 10:56 CET

The German government is examining increased support to help bring 1 million electric cars onto the country's roads by the end of the decade. Unlike other European countries, Germany has so far refused to provide generous EV sales incentives....
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German car sales fall 6.7% in May on seasonal effect

June 2, 2015 16:03 CET

German new-car sales fell by 6.7 percent in May in a month that had two fewer business days than the year-earlier month. Adjusted sales rose by almost 4 percent....
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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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