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 12:04
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 07:19
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 08:43
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 11:15
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 07:31
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 09:46
FRANKFURT, GERMANY: German manufacturer Volkswagen plans to withdraw its shares from trading on the London Stock Exchange later this month.
1 Oct 2013 09:35
FRANKFURT, GERMANY: Rising demand for more mobility in emerging countries is driving up global sales of new vehicles, making up for falling sales in Europe, the world automakers' federation OICA said on Wednesday (11 September).
12 Sep 2013 08:22
FRANKFURT, GERMANY: The European car market may be slowly showing signs of stabilising after years of crisis but cut-throat price wars still offer car buyers the chance to snap up a bargain.
12 Sep 2013 07:17
BERLIN, GERMANY: The recall of millions of dishwashers that are at risk of catching fire could cost German electronics group Bosch and Siemens Hausgeraete up to €700m, the German weekly Focus reported.
9 Sep 2013 11:48
BERLIN GERMANY: South Korean electronics company Samsung on Wednesday, 4 September unveiled its hotly anticipated smartwatch the Galaxy Gear, which allows users to make calls, receive texts and emails and take photos.
6 Sep 2013 07:41
PARIS, FRANCE: Global car sales will grow by 4.8% next year pulled by unexpectedly strong demand in China, the credit rating agency Moody's forecast on Wednesday (4 September).
6 Sep 2013 07:30
BERLIN, GERMANY: Volkswagen, Europe's biggest car manufacturer, said on Tuesday (30 July) it's first-half net profit plunged nearly 46% because of difficulties in the European market. The company maintained its full-year forecasts.
1 Aug 2013 07:43
FRANKFURT, GERMANY: Luxury car manufacturer Bentley, a unit of German company Volkswagen, said on Tuesday, 23 July it will go ahead with plans to launch a sport-utility vehicle in 2016.
24 Jul 2013 09:10
FRANKFURT, GERMANY: German top-of-the-range car manufacturer BMW expects demand for new cars in western Europe to shrink by 5.0% this year, its chief executive said in a newspaper interview on Tuesday (16 July).
16 Jul 2013 12:07
BERLIN, GERMANY: Mercedes-Benz is recalling about 6,000 of its new A-class cars because of a possible flaw in the cover of the passenger-side airbag unit, the German luxury car manufacturer said on Tuesday (28 May).
30 May 2013 10:36
FRANKFURT, GERMANY: German car manufacturer Opel, the loss-making arm of General Motors, confirmed on Wednesday (17 April) that it will phase out vehicle production at its Bochum factory at the end of next year.
18 Apr 2013 08:24
FRANKFURT, GERMANY: Vehicle manufacturer Audi, the top-of-the-range subsidiary of Volkswagen, reported record sales in 2012 and hopes to achieve further growth this year.
13 Mar 2013 06:42
HANOVER, GERMANY: From a glove that can be used as a mobile phone to a remote-controlled spy helicopter, this year's CeBIT, the world's top high-technology product fair, showcases a bewildering array of gadgets.
6 Mar 2013 07:34
FRANKFURT, GERMANY: Volkswagen, Europe's largest car manufacturing company, said last Friday (22 February) that its net profit rose by more the 40% last year on higher vehicle sales.
25 Feb 2013 08:23
FRANKFURT, GERMANY: German luxury car manufacturer BMW is recalling about 750,000 cars worldwide over potential electrical problems, a spokesman said on Tuesday (19 February).
20 Feb 2013 08:03
BERLIN, GERMANY: Luxury German car manufacturer Mercedes-Benz said on Friday (4 January) it had achieved record sales in 2012, driven by accelerating growth in China and the United States.
7 Jan 2013 09:48
FRANKFURT, GERMANY: German top-of-the-range car manufacturer BMW sold a record 1.8m vehicles in 2012 according to the company's chief financial officer Friedrich Eichiner.
28 Dec 2012 10:31
TOKYO, JAPAN: Japan's Toyota group forecast Wednesday (26 December) a 22% jump in worldwide sales this year to 9.7m units. The sales are driven by surging demand which may help it regain the top spot in the global car market.
27 Dec 2012 10:25
FRANKFURT, GERMANY: Opel, the loss-making German arm of US car manufacturer General Motors, said Monday (10 December) it would halt production at its Bochum plant in 2016 but pledged to keep it running as a parts distribution centre.
11 Dec 2012 07:50
FRANKFURT, GERMANY: Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said on Wednesday (5 December) it is shutting down one of its German units with the potential loss of 1,000 jobs.
7 Dec 2012 06:11
South African crude steel production fell 13.7% year on year in November to an estimated 550 000 metric tons, latest figures from the World Steel Association reveal.
6 Jan 2012 07:25
NUREMBERG, GERMANY: Faced with the ongoing debate about a Greek bailout and the worsening debt crisis in France and Italy, European consumers are noticeably unsettled once again.
25 Oct 2011 10:36
LONDON, UK: North America's switch on to energy efficiency has driven their position in the global renewable M&A market in the last 12 months, and could act as a driver for the region to become the dominant renewables market within three years, according to new analysis by PwC. In Europe, however, regulatory uncertainty clouds European deals.
29 Mar 2011 08:50
LONDON, UK: Despite huge growth in China, the market for luxury retail in Europe will remain the most lucrative in the world and will grow by nearly US$60 billion (about R431 billion) to be worth US$175 billion (about R1257 billion) by 2015 finds Verdict, one of the Datamonitor group of companies.
By Published by Verdict 9 Feb 2011 09:28
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