BMW AG sought to defuse potential tensions with President-elect Donald Trump by noting its factory in the U.S. is its largest in the world and that a new, smaller factory in Mexico will make cars for its global customers and not just Americans.
Pharmaceutical firms saw their stock prices drop on Thursday after US President-Elect Donald Trump used part of his press conference the day before to say that the US should negotiate better prices from drug companies.
Volkswagen said it had sold 10.3m cars worldwide last year, a new record for the German auto giant, despite grappling with a massive emissions cheating scandal.
“The New York Times” has reported that Oliver Schmidt, a Volkswagen executive, has been arrested in the US. The newspaper said Schmidt was facing charges of conspiracy to defraud the United States.
Volkswagen and the Justice Department are nearing a deal to resolve criminal and civil allegations over the German automaker’s diesel cheating, according to media reports.
Israel is purchasing German submarines to protect itself against its archenemy Iran. However, the Islamic Republic stands to profit from the deal financially. Deutsche Welle reports.
Germany’s Protestant and Catholic churches on Monday criticized the high level of German weapons exports and called for a revision of laws governing the approval of deliveries to other countries.
A Chinese takeover bid for Aixtron SE of Germany collapsed Thursday, a week after U.S. President Barack Obama blocked the deal on national-security grounds, according to a statement from the buyer.
Technical trade secrets were stolen from the steel production and manufacturing plant design divisions of ThyssenKrupp AG in cyber attacks earlier this year, the German company said on Thursday.
The European Union opened legal action on Thursday against seven nations including Germany and Britain for failing to police emissions cheating by carmakers after the Volkswagen scandal.