German position in EADS is better after shake-up: politician
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Germany has defended its interests in European aerospace giant EADS and has increased its say in the company under the management shake-up unveiled this week, deputy economy minister Peter Hintze said in a newspaper interview Tuesday.
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Rainer Hertrich, German co-chief executive of the European Aeronautic Defence and Space company (EADS) will leave his post in 2005 at the end of his contract, a company spokesman revealed.
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Louis Gallois, the new sole chief executive of EADS, says he could make acquisitions to improve the civil/military balance.
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The co-chief executive of EADS, Noel Forgeard, said he has confidence in the head of the aircraft unit Airbus, while calling for a review of top executives&#039; roles at the two entities, according to an interview to appear in La Tribune newspaper.
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The French co-head of aerospace group  EADS  brushed off negative comments from estranged  shareholder BAE Systems  on Thursday, saying the Airbus  parent was weeks away from resolving some of its key problems.
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German newspapers have accused French and German politicians of putting the future of Airbus at stake by interfering in the crucial restructuring of the troubled airplane maker.
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BERLIN, Germany  -- Germany&#39;s defense minister expressed regret Tuesday about US plans to restructure its forces abroad -- changes expected to hit Germany the hardest with the pullout of two heavy divisions. Japan and Australia embraced the changes.
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Chancellor Gerhard Schroeder said Monday he is confident of winning Germans over to his reform plans and rebuilding his party&#39;s support after avoiding major new losses in local elections in a traditional stronghold.
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Franco-German relations will not be negatively affected by the current crisis at aircraft maker Airbus and tough negotiations about restructuring, a high-ranking German government official said on Wednesday.
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The Social Democrats, equal partners in Germany's ruling coalition, voted Friday to reverse one of their signature economic reforms in a move that will increase the tension in Chancellor Angela Merkel's left-right government.
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French Prime Minister Francois Fillon said Thursday that it was not the shareholder structure that was fundamental to the success of European aerospace giant EADS, but the organisation and management of the company.
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Germany may cancel orders placed with European aerospace firm EADS if the company shifts production at its Airbus unit out of the country, German Economy Minister Michael Glos was quoted as saying on Sunday.Comment
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The German co-chief executive of the European aerospace group EADS, Thomas Enders, confirmed Monday that he will head Airbus and that Frenchman Louis Gallois would become the sole chief executive at EADS.
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A new French executive team starts work  at Airbus parent group EADS on Monday after the European  aerospace group forced out two top executives blamed for a  two-week crisis over aircraft production blunders.
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Germany's government says talks with Daimler Chrysler over aerospace group EADS have produced an outline deal.
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The German co-chief executive of European aerospace group EADS, Thomas Enders, said Monday he would now head the Airbus aircraft unit and that Frenchman Louis Gallois would become the sole chief executive at EADS.
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Noel Forgeard, the co-chief executive of European defense group EADS, stepped down Sunday as part of a management shake-up aimed at restoring investor and customer confidence after Airbus disclosed production delays for its new A380 superjumbo jet.