Confidence among German business leaders hit a “euphoric” all-time high in July, the Munich-based Ifo institute said, beating analysts’ expectations of a small decline.
Daimler was the first firm among a suspected German carmakers’ cartel to break ranks and report the collaboration to authorities, potentially sparing it billions in fines.
Germany’s top automaker Volkswagen will from 2019 replace its luxury-range competitor Mercedes-Benz as the top sponsor of the national football team, the company and sports body said on Friday.
German luxury automaker Daimler manipulated the engines of around one million diesel vehicles to make them appear less polluting, local media reported on Thursday, raising echoes of competitor Volkswagen’s ‘dieselgate’ scandal.
Credit and bond purchases that benefited Greece also brought in revenues to Germany, to the tune of €1.34 billion, according to a media report on Tuesday.
Employees of the German luxury car maker Porsche are now being eyed by investigators in the emissions scandal which is slowly engulfing the industry and has already led to criminal and civil charges in America.
The European Court of Justice has said that airlines cannot levy additional charges if a consumer cancels a flight. German judges asked the court to rule on Air Berlin’s refund policy and disclosure of additional taxes.
German car giant Volkswagen said Tuesday it was returning to the Iranian market for the first time in 17 years due to the lifting of economic sanctions.
German businesses were feeling more positive than ever this month, according to a closely-watched business survey, which unexpectedly improved in the latest sign of confidence in Europe’s economic recovery.
Daimler began construction of a new Mercedes-Benz plant near Moscow on Tuesday, following through on the first new investment by a major foreign automaker in Russia since Western sanctions were imposed three years ago.