Martin Murphy covers the steel, car and defense industries for Handelsblatt.
While sales at Mercedes-Benz' parent company edged up last year, the bottom line is dreadful, reinforcing investors’ calls for the vehicle maker to slash costs.
After last year's profit warnings, boss Guido Kerkhoff is under pressure to deliver higher earnings as he splits the German industrial behemoth into two.
Thousands of customers in Europe and the US have been driving cars which lacked proper permits from authorities. It’s another ugly scratch on Volkswagen’s reputation following the Dieselgate fraud.
The carmaker wants to increase the profitability of its core brand and raise funds to finance the transition to e-mobility.
Volkswagen's truck unit, Traton, will float on the stock market in early 2019. VW’s founding family will gain two board seats but the state of Lower Saxony, a major shareholder, will have none.
ThyssenKrupp’s non-executive board blocked Bodo Uebber from becoming its chairman because the Daimler CFO wanted the double to board's pay. That puts the steelmaker back in leadership limbo.
While other EU countries keep shipping, Berlin clarifies even weapons sales already approved are prohibited until the facts of the regime critic’s death are known.
The world's biggest carmaker plans to make rechargeable vehicles at three German factories, snubbing the technology that spawned Dieselgate. One plant will churn out models half the price of a Tesla.
Police allege six suspects are guilty of money laundering and bribery, after a two-year investigation. The charges are based in part on the testimony of a company middleman.