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…]
Category: Germany
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…]
AliExpress scores big with Euro 2024 sponsorship, aims to dominate European e-commerce market
AliExpress, the international e-commerce arm of Alibaba Group Holding, is making moves in the European market with its sponsorship of Euro 2024, the upcoming European [more…]
Xiaomi unveils its electric car SU7, priced below 500,000 Yuan
Xiaomi’s foray into the electric vehicle (EV) market with its new Speed Ultra 7 (SU7) sedan is poised to shake up the industry. With a [more…]
Novo Nordisk dives deeper into cardiovascular realm with Cardior acquisition
In a move set to bolster its presence in the cardiovascular disease arena, Novo Nordisk has announced the acquisition of Cardior Pharmaceuticals for up to [more…]
Nidec, KPS Capital Partners compete for Siemens AG’s Innomotics business
Two heavyweights, Japan’s Nidec and New York-based KPS Capital Partners, are locked in a high-stakes competition to acquire Siemens AG’s Innomotics large motors business. The [more…]