Germany gives up top job at EADS
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Germany gives up its share of the top job at EADS in exchange for the top job at Airbus.
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Germany does not expect to take a direct  stake in aerospace group EADS  via state bank KfW or  other federal or state institutions, a senior government  official told Reuters on Thursday.
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The parent of Airbus is abandoning its twin-chief executive structure, with Louis Gallois taking the companyâs reins, Tom Enders, co-chief of EADS, said.
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PARIS  - French interests named the head of Airbus, Noel Foregeard, to be one of two new pilots running the EADS aeuronautics group after weeks of reported tension over his role.
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German-US auto giant DaimlerChrysler has agreed to reduce its stake in European aeropace giant EADS to 15 percent from 22.5 percent, ensuring a balance between French and German shareholders.
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Germany pledges to fight against  Airbus plants there being disproportionately hit by expected job cuts at the firm.
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Airbus parent EADS says it is selling off six plants to French, British and German companies.
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European Aeronautic Defence &amp; Space Co., parent of the world's largest maker of commercial aircraft, ended seven years of dual management that investors said contributed to a projected $6.6 billion reduction in profit at EADS through 2010. Louis Gallois, 63, a French national, will become EADS's sole chief executive. Tom Enders, 48, a German who until now ...
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Commerzbank, Germany's fourth-biggest bank, said that the head of its investment banking division, Mehmet Dalman, has quit.
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Planemaker Airbus denied a media report Friday saying Chief Executive Christian Streiff had resigned and that his departure had been approved by parent firm EADS.Comment
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German-US auto maker DaimlerChrysler said Tuesday that it had chosen EADS co-chairman Manfred Bischoff as its new supervisory board chief.
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Airbus SAS Chief Executive Officer Noel Forgeard, who turned the European company into the world&#39;s largest planemaker, will replace Philippe Camus as co-CEO of its parent, European Aeronautic, Defense &amp; Space Co.
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TOULOUSE, France -- The parent company of troubled planemaker Airbus abandoned its twin-chief executive structure held jointly by Germany and France, with France's Louis Gallois taking control, the company said Monday.
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European aerospace giant EADS is considering selling its stake in French aircraft maker Dassault Aviation, German co-CEO Tom Enders told the Financial Times on Friday, an assertion later challenged by his French counterpart.
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Fitch Ratings on Friday downgraded the European aerospace giant EADS, the parent group of planemaker Airbus, due to "pressure" on its earnings margins and cash flow generation.
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Jean-Paul Gut, the chief operating officer at European aeronautics and defence giant EADS, said Monday he was stepping down from his post because of a disagreement over strategy.
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The general secretary of Germany's leading opposition Christian Democrats resigned from his post Wednesday, succumbing to pressure that had been building since it emerged that he continued to be paid by a former employer after taking the party job.