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BMW to manufacture electric Mini in Britain

FRANKFURT, Germany: German luxury car manufacturer BMW has announced that it will build a future all-electric version of its Mini in Britain, easing fears that it might move production away after Brexit...

26 Jul 2017


Tesla buys German automation firm to ramp up production

US electric car maker Tesla on Tuesday said it would buy German engineering firm Grohmann to help ramp up production...

9 Nov 2016


SABMiller faces competition in Latin America

SABMiller faces some changes in its most profitable region, Latin America, as its dominance is put to the test and as the region's economy slows...

23 Dec 2014


Bosch buys ZF Friedrichshafen

BERLIN, GERMANY: German electronic car parts maker Bosch it had bought the share of ZF Friedrichshafen in their co-venture, which could pave the way for ZF to buy a US rival.

16 Sep 2014


Samsung's new 'phablets' and smartwatch

BERLIN, GERMANY: South Korean company Samsung unveiled the next generation of its "phablet" and "smartwatch" gadgets at the IFA consumer electronics fair along with a virtual reality headset the Samsung VR.

4 Sep 2014


Porsche's former boss to stand trial

FRANKFURT, GERMANY: A German court ruled that Porsche's former chief executive and financial officers must stand trial for alleged share price manipulation in a failed attempt to take over Volkswagen in 2008.

29 Aug 2014


Adidas profits hurt by strong euro

FRANKFURT, GERMANY: Adidas, the German maker of sportswear and equipment, says that earnings are down in the first quarter, hit by unfavourable exchange rates and the strong euro.

8 May 2014


BMW recalls 500 000 cars worldwide

FRANKFURT, GERMANY: German's BMW is recalling almost half a million vehicles worldwide because of an engine part defect, a company spokesman said.

14 Apr 2014


Audi to invest €22bn in new models and technology

BERLIN, GERMANY: Audi, the top-of-the-range car manufacturer owned by Volkswagen, announced a massive investment programme in new models and technology over the next five years.

31 Dec 2013


Daimler teams up with Aston Martin on engines

FRANKFURT, GERMANY: German car company Daimler said it will team up with Aston Martin to build new engines for the British luxury brand's next generation of models.

20 Dec 2013


GM to dump Chevrolet brand in Europe by 2016

FRANKFURT, GERMANY: - US company General Motors will drop its Chevrolet brand from the European market by 2016, citing the prevailing and difficult economic situation for the decision.

6 Dec 2013


German TV maker Loewe files for bankruptcy

BERLIN, GERMANY: German high-end television manufacturer Loewe said on Tuesday (1 October) it had filed for bankruptcy but also voiced hope that an investor could be found to rescue the 90-year-old company.

2 Oct 2013


Siemens to cut 15 000 jobs next year

BERLIN, GERMANY: German engineering and technology company Siemens said it plans to cut 15,000 jobs worldwide by late next year as part of a cost-cutting drive. At least 5,000 jobs will be lost in Germany itself.

1 Oct 2013


Volkswagen to de-list from London Stock Exchange

FRANKFURT, GERMANY: German manufacturer Volkswagen plans to withdraw its shares from trading on the London Stock Exchange later this month.

1 Oct 2013

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