German auto giant Volkswagen offered part of its heavy trucks division Traton on the stock market Friday as it looks to raise fresh capital, in what could be the first step towards reshaping the sprawling 12-brand group.
Automotive
Jun 28, 2019
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German car giant Volkswagen said Thursday it would set a starting price of 27 euros ($31) per share when it floats truck division Traton, at the low end of its previous ambitions.
Automotive
Jun 28, 2019
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Massive German chemical company BASF said Thursday it would slash 6,000 jobs worldwide by 2021, as the company slims down its organisation in pursuit of fatter margins.
Business
Jun 27, 2019
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Industrial conglomerate Siemens said Tuesday it would slash 2,700 jobs worldwide at its gas and power unit, including 1,400 in its home country Germany, "over several years".
Business
Jun 18, 2019
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Shares in German airline giant Lufthansa plunged more than 12 percent on Monday after the group posted a profit warning.
Business
Jun 17, 2019
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Volkswagen aims to raise between 1.6 billion and 1.9 billion euros ($2.1 billion) by listing between 10 and 11.5 percent of the capital for its truck division Traton on the stock market.
Business
Jun 14, 2019
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British telecoms giant Vodafone announced Tuesday that it recorded a vast annual net loss of 7.6 billion euros ($8.5 billion), hit partly by the sale of its Indian assets.
Business
May 14, 2019
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Car parts supplier Bosch said Thursday it plans to produce zero net carbon emissions "from 2020" and to spend two billion euros ($2.2 billion) on renewable electricity over the next decade.
Energy & Green Tech
May 9, 2019
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German network operator Deutsche Telekom said Thursday it was confident of hitting its financial targets for 2019, although it reported falling profits in the first quarter as costly infrastructure investments hit.
Business
May 9, 2019
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German industrial conglomerate Siemens said Wednesday it was sticking to its targets for 2018-19 after a steady second quarter, having announced the spinoff of its historic power and gas unit a day before.
Business
May 8, 2019
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