Lower Saxony denies seeking allies in battle with Porsche for VW
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The regional state authorities of Lower Saxony has denied a newspaper report that said they were seeking support from other shareholders in Volkswagen in the escalating battle for control of the German auto giant with luxury sports car maker Porsche.
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German financial markets are rife with speculation that Porsche intends to take over Volkswagen, and Porsche is acting as if it already calls the shots.
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Scandal-hit Japanese carmaker Mitsubishi Motors denied reports that it was negotiating a business link with PSA Peugeot Citroen Group of France.
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The head of Smart cars denies rumours that the loss-making firm may be sold, or even closed down, by parent group DaimlerChrysler.
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The head of VW's workers' council said in an interview published Monday he wanted assurances that luxury car maker Porsche would respect contract agreements and preserve jobs if it bought the European auto giant.
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BRUSSELS : The European Commission sued the German government after it ignored demands to amend a law that protects national car icon Volkswagen from hostile takeover.
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A mandatory takeover offer for Volkswagen by German luxury sports car maker, Porsche, has failed as expected, Porsche announced on Monday.
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Prosecutors in Germany say legal action cannot be taken against a far-right party that disrupted a Holocaust tribute.
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Volkswagen  denied on Sunday that the chairman of its supervisory board, Ferdinand Piech, wanted to oust Wendelin Wiedeking as chief executive of sports car maker Porsche , VW's biggest shareholder.
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Volkswagen, Europe's largest carmaker, rejects a trade union offer  to limit workers' pay rises, saying it does not go far enough.
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German metalworkers union IG Metall   agreed on Monday to reopen Volkswagen's VOWG.DE wage contract   but rejected management's plans to increase working hours   without extra pay at Europe's biggest carmaker.
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LONDON, November 2  - The German automotive giant, Volkswagen AG (VOW.ETR), continued its negotiations with the labour union today on its planned labour cost reductions.
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Business & money: Chancellor refuses to abide by decision of other 26 countries to back French socialist Dominique Strauss-Kahn as candidate for post.
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The EU Commission on Wednesday dragged Berlin to court over a law that shields carmaking icon Volkswagen from hostile takeovers, the culmination of a long campaign to break down barriers to foreign investment.
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Japan&#39;s main opposition leader on Thursday rebuffed an appeal by visiting German Chancellor Angela Merkel to keep supporting the &quot;war on terror&quot; in Afghanistan, an official said.
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BERLIN - The German government said yesterday it will not budge from its refusal to send troops to Iraq, reinforcing its position after its Defence Minister appeared to suggest that Berlin might one day consider a deployment.
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DETROIT, Oct. 20 -- Workers at three more local unions of the United Auto Workers have rejected a tentative contract agreement between the UAW and Chrysler, even as union leaders from Detroit spent the latter part of the week lobbying for yes votes.