Germany
Volkswagen sees profit rise but warns on trade disputes
VW CEO says “growing protectionism also poses major challenges for the globally integrated automotive industry.”
BMW to make electric MINIs in China
The German automaker has formed a JV with Chinese SUV maker Great Wall Motor.
German prosecutors investigate Audi CEO in emissions case
Rupert Stadler is being investigated on suspicion of fraud and indirect improprieties with documents.
Germany gives Daimler deadline to submit fix for diesel vans
Automaker ordered to recall over 6,000 Mercedes-Benz Vito delivery vans last week for emissions violations.
Europe isn’t US ‘vassal,’ should trade with Iran: France
Governments scramble to save billions of dollars in trade after US re-imposes sanctions.
Trade war fears weigh on investor sentiment in Germany
Issue is of particular concern for an economy that runs on exports of automobiles and machinery.
Ford workers, others, on strike in German wage dispute
Further strikes are planned at BMW, Audi, Daimler and Porsche.
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Canada’s push to eliminate coal power takes on US clean coal in Bonn
Coal power is responsible for more than 40% of global carbon dioxide emissions.
German softwood imports up 10X in wake of US duties on Canadian industry
Prices are rising, making imports from sources in Europe and more attractive.
German factory production drops unexpectedly
Drop follows a 1.2% rise in May.
BMW to build electric Mini in England despite looming Brexit
Company said it has neither sought nor received assurances it would not be hit with border taxes when it ships parts to Britain.
German automakers’ shares fall on diesel emissions concerns
Newsmagazine report claims the automakers have colluded for years over diesel technology.
Germany checking Daimler cars amid diesel emissions probe
Daimler claims it is “behaving in accordance with the law.”
Germany fines 3 Volkswagen suppliers for alleged collusion
Penalties to the three suppliers total $11 million.
Bombardier Transportation cutting up to 2,200 railway jobs in Germany
Move is part of restructuring plans announced last fall to eliminate 7,500 transportation and aerospace jobs around the world.
