Germany

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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Germany's IG Metall union accepts 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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2015 GENEVA AUTO SHOW

BMW expands minivan lineup with 7-seat 2 series

Feb. 11, 2015 16:45 CET
BMW will expand its minivan lineup with the seven-seat 2-series Gran Tourer that goes on sale in Europe in June. The latest 2-series variant will debut next month at the Geneva auto show....
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CHRISTIAAN HETZNER

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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German prosecutors drop probe of Daimler, Merkel aide

Feb. 10, 2015 11:50 CET
Prosecutors in Berlin have dropped a probe into whether Daimler granted "undue advantage" to a former treasurer of Chancellor Angela Merkel's Christian Democrats when it hired him as chief political lobbyist....
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Daimler's innovation unit looks to products of the future

Feb. 7, 2015 06:01 CET
Daimler's business innovation unit is figuring out how current customers' children will use the automaker's products. That can mean everything from 3-D printing for classic car parts to package-delivery drones and a driverless concept car that doubles as a luxury lounge....
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CHRISTIAAN HETZNER

Has VW scored an own goal bankrolling its soccer club?

10:05 am U.S. ET | Feb. 6, 2015
With Volkswagen looking to save 5 billion euros in costs at its core VW brand and key wage negotiations with its German workforce just starting, is it sensible to use shareholder money to subsidize a soccer club's ambitions for a top-flight title?...
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German car sales rise as Europe rebound continues

Feb. 3, 2015 14:30 CET
New-car sales in Germany rose 3 percent in January, adding to signs that the European rebound is continuing. The rise follows sales growth last month in France, Italy and Spain....
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CHRISTIAAN HETZNER

German auto industry feels ripples from Paris terror attacks

5:53 am U.S. ET | Jan. 30, 2015
The January killings of journalists at satirical magazine Charlie Hebdo in Paris have brought home to Germany the difficult issue of Jihadi attacks, with the debate now reaching the economic pride of the country, its carmakers....
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Germany plans driverless-car pilot project on autobahn

Jan. 27, 2015 10:36 CET
Germany plans a driverless-car pilot project on a portion of the A9 autobahn between Munich and Berlin. The project would be one of the first to equip a stretch of public highway specifically for testing autonomous vehicles....
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Ford will raise German production as demand rebounds

Jan. 16, 2015 12:34 CET
Ford will increase production of its Fiesta and three other models in Germany to meet growing demand in some of the region's key markets....
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Opel prices new Karl to win former Chevrolet customers

Jan. 15, 2015 11:31 CET
Opel said its new Karl minicar will cost 9,500 euros in Germany. The Karl will offer safety and driver systems not common in the segment including lane departure warning, Opel said....
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2015 AUTOMOTIVE NEWS WORLD CONGRESS

Mercedes-Benz seeks new communication ties to customers

11:31 am U.S. ET | Jan. 14, 2015
Mercedes-Benz is on a mission to expand its footprint in the digital world, improve its customer service and maintain its ionic status, Ola Kaellenius, the executive charged with the brand's marketing and sales, said today at the 2015 Automotive News World Congress....
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German car sales rose 7% in December on extra selling day

Jan. 5, 2015 13:05 CET
New-car sales in Germany rose 7 percent in December, returning Europe's largest auto market back to positive annual growth after two years of shrinking sales....
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Dealertrack expands beyond U.S. with acquisition of German software provider

11:54 am U.S. ET | Dec. 18, 2014
Dealer software giant Dealertrack Technologies is expanding beyond North America with the acquisition of incadea, a dealer software provider based in Germany. Dealertrack plans to pay just over $190 million in cash for publicly traded incadea, the companies said today....
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BMW i3 test in Berlin lead to 'range panic'

Dec. 13, 2014 06:01 CET
BMW's i3 is still rare enough to turn heads in Berlin, one of four cities chosen by the German government to promote electric cars, but finding a place to recharge the battery powered hatchback can be a challenge, meaning that range anxiety can turn to panic....
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CHRISTIAAN HETZNER

VW's Diess takes pole position to replace Winterkorn

6:30 am U.S. ET | Dec. 9, 2014
VW's announcement that it poached BMW development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in pole position to succeed Martin Winterkorn as VW Group boss....
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CHRISTIAAN HETZNER

VW's Diess takes pole position to replace Winterkorn

6:30 am U.S. ET | Dec. 9, 2014
VW's announcement that it poached BMW development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in pole position to succeed Martin Winterkorn as VW Group boss....
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VW names veteran exec Schmall as components chief

Dec. 4, 2014 10:06 CET
VW named Thomas Schmall as the new core brand board member responsible for components – a key post that carries with it the potential for political friction with the carmaker's powerful German unions over a shakeup of parts production....
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Germany's Merkel backs incentives to reach EV goal

Dec. 2, 2014 12:45 CET
Chancellor Angela Merkel says Germany will need to provide more incentives to meet a goal of having 1 million electric cars on the country's roads by 2020. About 7,600 EVs were sold in Germany last year....
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Daimler will expand German battery output

Dec. 1, 2014 16:15 CET
Daimler will spend about 100 million euros ($125 million) to boost production of lithium ion batteries in Germany as it expects "high and steadily growing demand" for electric-car batteries....
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Mercedes-AMG to add entry line to help double sales

Nov. 27, 2014 12:28 CET
Daimler performance subbrand Mercedes-AMG aims to double sales in the next three years by offering a less expensive product line -- AMG Sport -- to narrow the price gap with Mercedes cars....
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Opel is succeeding in restoring poor image, exec says

Nov. 27, 2014 06:01 CET
Opel is succeeding in turning around its tattered image in Germany, the brand's marketing chief Tina Mueller said....
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Opel unions upset over output plans for Karl, Corsa, report says

Nov. 25, 2014 06:15 CET
Opel faces labor unrest in Germany over production plans for the Corsa and Karl small cars, a business magazine reported. Workers think the Karl should be made in Germany rather than Korea and fear future Corsa output will be cut from Germany....
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