Porsche Seen Likely to Realize VW Merger
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The European Court of Justice is expected to strike down the so-called Volkswagen Law, created by Germanyâs government to protect the automaker from an unwanted takeover.
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Auto giant DaimlerChrysler AG  (DCXGn.DE) is in detailed discussions with China's Chery  Automobile to make cars for sale in the United States and other  markets and could finalize the deal soon, sources said on  Friday.
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(InfoWorld) - Microsoft's in-car technologyÂ is getting a boost via a deal with a large supplier of automotive electronics. Germany's Siemens VDO AutomotiveÂ has agreed to collaborate with it on a next-generation communication and entertainment system. Siemens VDO and Microsoft said Friday they will work together to develop a new generation of on-board communication, navigation, and entertainment systems that use Microsoft Auto, a software system and hardware reference design. Siemens VDO counts Volkswagen, DaimlerChrysler, and Ford MotorÂ among its customers. Among the features planned by the two companies are in-vehicle video entertainment and Internet connectivity, according to Siemens VDO spokeswoman Eva Appold. Systems based on Microsoft Auto let drivers connect various portable devices, such as mobile phones, MP3 players, and video games, into their automotive system via a USB 2.0 (Universal Serial Bus) port, and interact with devices via voice technology. The new multimedia system planned by Siemens VDO, to be available in early 2009, will be based on hardware components and software developed by the German company, and include entertainment and communication components of Microsoft Auto, according to Appold. Siemens VDO, a subsidiary of German electronics and engineering company Siemens AG, plans to show a prototype multimedia system at the IAA (Internationale Automobil Ausstellung) international motor show in Frankfurt next week. "The multimedia platform will be very versatile, but it's up to our car manufacturing customers to decide which features they want to offer," Appold said. Appold was unable to provide pricing details, saying that final prices will be determined by the car makers. As part of the agreement with Microsoft, Siemens VDO will contribute to the further development of Microsoft Auto, the companies said. Microsoft already has agreements with Ford and Fiat to supply software for new in-vehicle communication and entertainment systems designed by the car makers. Â
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STUTTGART - Despite signs of a global economic slowdown, two of Germany&#39;s leading luxury carmakers - Porsche AG and BMW AG - have said they are off to a strong start to their new business years.
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An Indian car maker that will unveil the world's cheapest car next week may soon produce two of the world's premier brands as well
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Auto giant DaimlerChrysler AG   DCXGn.DE is in detailed discussions with China's Chery   Automobile to make cars for sale in the United States and other   markets and could finalize the deal soon, sources said on   Friday.
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As restructuring talks continue, Opel&#39;s works council and US parent company General Motors are considering a possible merger of GM&#39;s European subsidiaries.
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The European Union's highest court struck down a German law shielding Volkswagen AG from hostile takeovers, clearing a path for Porsche AG to increase its influence Â and possibly even take control Â at Europe's biggest automaker.
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Volkswagen, Europe's largest carmaker, becomes the latest German firm to try and update controversial labour agreements.
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Volkswagen head Bernd Pischetsrieder held out the prospect of a three-way deal in the trucking business between Volkwagen, Scania and MAN, which would create the biggest European manufacturer and the third-biggest in the world.
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The ruling allows Porsche to take over Volkswagen and is a milestone in Europeâs development of an open market.
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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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A merger between Delta Air Lines Inc   and Northwest Airlines Corp  could be announced  in the next few weeks as Northwest pilots review details of a  proposed deal, people briefed on the situation said on Monday.
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FRANKFURT Volkswagen, plucking a fallen star from a rival carmaker, announced Wednesday that Wolfgang Bernhard, a former DaimlerChrysler executive known for his cost-cutting skills and new-product flair, would take over its ailing flagship car brand.
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ThyssenKrupp Stahl, Germany's biggest steel maker, is mulling the possibility of a merger with Anglo-Dutch rival Corus.
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Volkswagen and Apple rumored to be partnering on an 'iCar' or car computer system, German magazine reports.
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Volkswagen is to buy a 15% share of  truck firm MAN, as it seeks to create a three-way alliance in the industry.