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Volkswagen Injects $2.2 Billion Into Chinese Joint Ventures
Volkswagen will use the funds to increase its stake in its JAC Volkwagen joint venture from 50 percent to 75 percent, while also purchasing a 50 percent stake in state-owned company JAG. Volkswagen will use the funds to increase its stake in its JAC Volkwagen joint venture from 50 percent to 75 percent, while also purchasing a 50 percent stake in state-owned company JAG. -
Germany Grants $9.8 Billion Rescue Package To Lufthansa
As part of the bailout, the German government will be acquiring a 20 percent stake in the airline and taking two seats in its supervisory board. As part of the bailout, the German government will be acquiring a 20 percent stake in the airline and taking two seats in its supervisory board. -
Germany Vows Action Against Russia for Hacking Merkel's Emails
German chancellor Angela Merkel is fed-up with Russia's non-stop hybrid warfare strategy and promises to inflict consequences on Russia for hacking her emails. German chancellor Angela Merkel is fed-up with Russia's non-stop hybrid warfare strategy and promises to inflict consequences on Russia for hacking her emails. -
Eurozone GDP Plummets a Record 3.8% in Q1
COVID-19 cripples the eurozone's strongest economies, hurling Germany, France and Italy into recession. COVID-19 cripples the eurozone's strongest economies, hurling Germany, France and Italy into recession. -
BlackRock Fined By German Market Regulator For Late Filing
Germany's Federal Financial Supervisory Authority imposed an $809,000 fine on BlackRock's UK unit for failing to file voting rights notifications on time. Germany's Federal Financial Supervisory Authority imposed an $809,000 fine on BlackRock's UK unit for failing to file voting rights notifications on time. -
German Recession Now A Certainty
Nothing can prevent Germany sliding into a recession this year. Nothing can prevent Germany sliding into a recession this year. -
Geely Working With Foundation To Donate Medical Supplies To Europe
Zhejiang Geely Holding Group and Li Shufu Charity Foundation will be sending epidemic-fighting medical supplies to heavily hit European countries such as Sweden, Germany, and the UK. Zhejiang Geely Holding Group and Li Shufu Charity Foundation will be sending epidemic-fighting medical supplies to heavily hit European countries such as Sweden, Germany, and the UK. -
Daimler Considers Eliminating Platforms In Massive Cost-Cutting Plan
As part of its wider plan to accelerate its electrification, Daimler is considering the elimination of entire powertrain families and platforms to cut costs. As part of its wider plan to accelerate its electrification, Daimler is considering the elimination of entire powertrain families and platforms to cut costs. -
Tesla Suffers Roadblock, Gigafactory Construction On Hold
A German court has ordered Tesla to stop its deforestation to make space for the new Gigafactory manufacturing plant. A German court has ordered Tesla to stop its deforestation to make space for the new Gigafactory manufacturing plant. -
Tesla's European Gigafactory Temporarily Suspended By German Court
The Higher Administrative Court for Berlin-Brandenburg had ordered the temporarily suspension of clearing operations on the proposed site for Tesla's first Gigafactory in Europe. The Higher Administrative Court for Berlin-Brandenburg had ordered the temporarily suspension of clearing operations on the proposed site for Tesla's first Gigafactory in Europe.