Former Formula One motor-racing champion Niki Lauda is poised to take back control of the airline that bears his name after fending off a rival bid from British Airways owner IAG SA.
Lufthansa has abandoned plans to buy Air Berlin subsidiary Niki after being told by the European Commission that it would not allow the deal.
A US court on Wednesday sentenced former Volkswagen executive Oliver Schmidt to seven years in prison for his role in the German automaker’s “dieselgate” emissions cheating scandal.
After the Air Berlin bankruptcy, the British airline Easyjet has decided to take on Lufthansa on domestic routes in Germany for the first time.
Car exports from Europe’s powerhouse economy Germany have fallen in 2017, partly due to the weaker pound undermining British demand, the head of the nation’s auto industry federation said Wednesday.
German automaker Volkswagen on Friday said it planned to invest more than €34 billion ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars.
The company also said at least two factories in Germany will be closed as the biggest European engineering company grapples with the fallout of a sharp drop in orders for power- plant equipment.
It’s been over two weeks since the last ever Air Berlin flight landed on October 27th – and anyone who has bought domestic tickets since then has almost certainly noticed the difference.
The final flight of bankrupt Air Berlin landed in the German capital Friday evening, as the fate of thousands of employees of the stricken carrier remains unclear.
Goldman Sachs chief executive Lloyd Blankfein took to Twitter Thursday to tout Frankfurt’s “great” weather among other attributes, but stopped short of naming the German city as a post-Brexit headquarters.