The German car industry is one of the pillars of the country's economy.
German premium carmaker Daimler has reported a 12-percent rise in second-quarter profit thanks to strong demand for its latest Mercedes cars. An efficiency program was also 'bearing fruit,' its CEO says.
Fiat has denied a German magazine report saying the Italian carmaker was in talks aimed at merging with Germany's Volkswagen (VW). VW also rejected the notion, claiming it had no new acquisitions on the agenda.
German premium carmaker BMW has announced a major recall involving more than a million of its BMW 3 models. The step is a precautionary measure, BMW says, and is prompted by faulty airbags.
US trade union United Auto Workers (UAW) has made a new effort to set up shop at the Chattanooga plant of German carmaker Volkswagen. In February, UAW narrowly lost a vote among VW workers to organize labor at the plant.
German luxury carmaker Audi has logged its best half-year sales in the company's history, lifted by booming sales in the world's two largest automobile markets, China and the US.
Daimler sold a record number of cars in the first six months of 2014. While the firm's sales jumped the highest in China, the German carmaker also managed to grow in crisis-stricken European markets.
German premium carmaker BMW has prolonged its cooperation contract with China's Brilliance ahead of schedule. The deal is meant to help the Munich-based company keep up its strong sales in China in the years ahead.
German premium carmaker BMW is reportedly working on a new savings program in an effort to salvage its profit goals. German weekly Manager Magazine said consultancy group McKinsey was in charge of the project.
German carmaker Opel has unveiled plans for compensating workers who will lose their jobs following the closure of its plant in Bochum. The package is costly for Opel parent GM, but workers are disappointed.
German carmaker Volkswagen (VW) has issued more than 10 million new shares to help finance its takeover of Swedish truck maker Scania. Investors could enjoy a discount on VW’s current share price.
German premium carmaker BMW has been able to raise its earnings significantly in the first three months of 2014. The company said the positive results were achieved despite higher technology costs.
Car and truck maker Daimler has said it managed to almost double its operating profit in the first quarter. The company cited strong sales and a successful savings program as reasons for the progress.
German luxury carmaker BMW has announced it's extending its recall of 6-cylinder vehicles with faulty screws in the adjustable camshaft system. The company said the defect could potentially lead to engine failure.
When the Chinese go to buy a luxury car, they tend to turn to German brands such as Audi. The carmaker sold more vehicles in China in the first three months of this year than any previous first quarter.
German carmaker Opel will completely withdraw from China, saying it would be too expensive to build a strong presence there. Opel will instead assemble a new model and a Buick for parent company General Motors.
German carmaker Porsche has reported staggering sales and profit results, with the VW brand hoping to profit further from a recovery of EU economies. But it said it didn't want to provide an overly optimistic outlook.
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