Auto sector woes highlight Germany's need for economic change
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Germany's auto industry was once its pride and joy. It was the main driving force behind the country's post-war economic miracle and even now still accounts for 20 percent of Germany's gross domestic product ...
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FRANKFURT : Business leaders in Germany appeared wary about the outlook for the eurozone&#39;s biggest economy, as the German government insisted that the current recovery would continue, even if surging oil prices would brake growth slightly.
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The sharp rise in the euro at the end of last year could whittle down the Bundesbank's 2004 annual profit to next to nothing, spelling further bad news for Germany's already severely straitened public finances, ...
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With its key product line in deep trouble, the carmaker has been forced take some dramatic action to salvage its turnaround plan
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German business confidence fell to its lowest in over a year in November as the euro&#39;s surge to new highs and strong oil prices clouded the outlook for exports.
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BERLIN : The German economy, which grew strongly in the first half of this year on the back of robust exports, will see a slowdown next year as a result of the braking effects of runaway oil prices and a ...
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Germany's economy unexpectedly shrank in the final quarter of last year, dealing a blow to euro zone recovery hopes, preliminary German Federal Statistics Office data shows.
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Reporting record performance for 2007, German luxury car maker Daimler forecast on Thursday more moderate growth in 2008 owing to a weakening global economy and the effects of the US housing crisis.
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As BMW Z4 roadsters zip along Germany s fast-paced Autobahn, a piece of South Carolina s economy rides with them.
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Germany taxes, rather than subsidizes, biodiesel. That's killing the industry.
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Japanese carmaker blames high costs, rising taxes and weak domestic sales for a drop in quarterly profits.
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FRANKFURT : Labour conflict looks set to boil over in the German automobile sector in the coming weeks as car makers such as Volkswagen and Opel seek to impose rigorous belt-tightening measures as an answer to chronically weak demand.
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German car giant Volkswagen complained that cut-throat competition, high oil prices and the weak dollar had nearly halved its earnings so far this year.
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The German economy, which grew strongly in the first half of this year on the back of robust exports, will see a slowdown next year as a result of the braking effects of runaway oil prices and a tailing off of foreign demand for German-made goods, top research institutes warned.
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Surging oil prices are weighing on business sentiment in Germany, the eurozone's biggest economy, a new poll showed.
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It's a health-care company with car issues. And fixing it may require reshaping the U.S. auto industry
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Volkswagen, Europe's largest carmaker, becomes the latest German firm to try and update controversial labour agreements.