Melissa Eddy
Posts
German Economy Slipped Into Recession in First Quarter
Consumer spending and exports fell in the first three months of this year, adding to a slump in late 2022 in Europe’s largest economy.
Volkswagen Sells Its Russia Operations, Including an Assembly Plant
The German automaker, which quit making cars in Russia after the invasion of Ukraine, said it sold its plant to a local auto dealership chain.
Eurozone Prices Rose in April, as Central Bank Seeks to Tame Inflation
The annual rate of inflation reached 7 percent, but the underlying “core” rate eased for the first time in 10 months.
As U.S. Tries to Isolate China, German Companies Move Closer
Some are expanding in China, reluctant to leave a huge market they need to finance operations back home.
Eurozone Inflation Falls to 6.9%, as Energy Prices Ease
The rate of inflation in countries using the euro slipped to 6.9 percent in the year through March, from 8.5 percent the previous month, but...
Germany and E.U. Agree to Exception in Planned Ban on Combustion Engines
Berlin has been pushing to allow the sale of vehicles running on synthetic fuels past 2035. Its dispute with the E.U. threatened the bloc’s climate...
Volkswagen Will Invest $193 Billion in Electric Cars and Software
The German automaker announced a plan to accelerate its transition to battery-powered vehicles and bolster operations in China and North America.
Adidas Wants to Move On but Still Has $1.3 Billion in Yeezy Sneakers
After severing business ties with the rapper Ye, Adidas said it would cut its dividend and declared 2023 a “transition year.”
BASF to Cut 2,600 Jobs After a Year of High Energy Costs
The German chemical giant blamed a drop in profits on stubbornly high natural gas prices and shifting global demand.
China’s Leading Electric Carmaker Has Arrived in Germany
BYD is a powerhouse in China and sells the most electric vehicles of any company in the world. Now it has a plan to attract...