As Europe’s auto giants fumble, Schaeffler AG pivots
In the quiet yet relentless hum of Europe’s auto industry, a stark transformation is underway. Schaeffler AG, a longtime pillar in Germany’s machinery and auto-parts [more…]
Category: Germany
UniCredit’s bid for Commerzbank sparks job fears and political tension
Italy’s UniCredit has made a bold move on Commerzbank, one of Germany’s financial heavyweights. With a 9% stake already gobbled up, the Italians are eyeing [more…]
BYD takes the wheel in Germany with Hedin acquisition
In a move that signals its growing ambition in the European market, China’s BYD has announced plans to acquire its German distributor, Hedin Electric Mobility. [more…]
Standard Chartered shuffles senior execs in global transaction banking
Standard Chartered is shaking things up in its transaction banking division, and it seems like there’s a bit of a musical chairs vibe going on. [more…]
Bosch’s $8.1 billion HVAC acquisition expands U.S. and Asia reach
In a move that’s got the business world buzzing, Bosch is set to snag heating and air-conditioning operations from Johnson Controls International and Hitachi in [more…]
Volkswagen weighs closure of Audi Brussels plant as luxury EV sales plummet
In the heart of Brussels, Volkswagen’s iconic Audi factory stands at a crossroads. Amidst the gleaming production lines and cutting-edge technology, a shadow looms. Europe’s [more…]
Lufthansa holds firm amid EU antitrust scrutiny over ITA Airways stake
In the high-stakes world of airline mergers, Lufthansa is holding its ground. The German carrier, eyeing a significant stake in Italy’s state-owned ITA Airways, has [more…]
Volkswagen unveils plan for budget electric cars to challenge Chinese rivals
Volkswagen, Europe’s auto giant, is charging forward with an ambitious plan to develop affordable electric vehicles, taking on Chinese competitors head-on. This decisive move follows [more…]
Lufthansa and ITA Airways submit new proposals to EU Commission in bid to secure stake purchase approval
In a bid to address the European Commission’s regulatory concerns, the Italian government and Lufthansa have submitted new proposals regarding the German airline’s planned acquisition [more…]
Adidas bans number 44 on Germany football shirts over Nazi symbolism concerns
Adidas, in conjunction with the German football federation, has made the decision to ban the use of the number 44 on football shirts due to [more…]
