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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Manfred Bischoff, the German co-chief of EADS' supervisory board, is to step down early next year.
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BAE Systems will agree to sell its 20 percent stake in Airbus to the Franco-German aerospace firm EADS for 1.9 billion pounds (2.8 billion euros, 3.6 billion dollars).
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The German government and DaimlerChrysler will reveal details next week of a deal enabling the car maker to sell part of its stake in European aerospace giant EADS while keeping it in German hands, a business daily has reported.
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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.
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The European aerospace group EADS named on Wednesday three companies -- MT Aerospace of Germany, Latecoere of France and Britain's GKN -- to take over six plants being divested as part of a restructuring plan at its Airbus unit.
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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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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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France and Germany agreed on Monday to scrap a cumbersome dual management structure at European aerospace group EADS in a shakeup aimed at pulling the aviation giant out of crisis.
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The top party manager of Germany's opposition Christian Democrats (CDU) resigned on Wednesday over a payments row, adding pressure on party chief Angela Merkel ahead of two key state elections in coming months.
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EADS Deputy Chief Executive Jean-Paul Gut, who oversaw strategy for Airbus' parent, is departing after "a divergence in views," the company said Monday.
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The German-US automaker DaimlerChrysler has shot down plans by French President Jacques Chirac to place a Frenchman as the sole head of the European Aeronautic Defence and Space Company, the Financial Times said.
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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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Germany's government says talks with Daimler Chrysler over aerospace group EADS have produced an outline deal.
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French interests named the head of Airbus, Noel Forgeard, to be one of two new pilots running the European aeronautics and defence group EADS after weeks of reported tension over his role.
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Airbus parent EADS abandoned two key  executives on Sunday and brought in a steady pair of hands in  the shape of French railways boss Louis Gallois in a bid to end  a two-week crisis over delays to its A380 superjumbo.
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A long-serving member of Deutsche Bank AG's supervisory board announced he was quitting Thursday in a dispute over strategy, Germany's biggest bank said.