Connect to share and comment

IBM, Atos, HP looking at Lufthansa IT infrastructure unit: source

FRANKFURT (Reuters) - Lufthansa's IT infrastructure business, which the airline is trying to sell, is drawing interest from big IT groups IBM, Hewlett-Packard and France's Atos, a source familiar with the matter told Reuters. The German airline earlier this month said it was seeking a buyer for the business, part of its IT unit Lufthansa Systems, and has already held some early talks with interested parties.

Premium car brands eye China's secondhand market

By Edward Taylor and Jan Schwartz BEIJING (Reuters) - Strong demand for new automobiles in China has laid the foundations for the next leg of business for carmakers BMW <BMWG.DE>, Audi and Mercedes-Benz: the second-hand premium car market. China's auto market is the world's biggest and is set to grow between 8 percent and 10 percent this year, fuelled by increasingly affluent buyers, who use them for the daily commute, with some opting for luxury brands as a status symbol.

Daimler sees double-digit percent growth in China sales in 2014

BEIJING (Reuters) - Germany's premium carmaker Daimler <DAIGn.DE> expects to grow its sales in China, the world's largest auto market, by double-digit percentages this year, Chief Executive Dieter Zetsche on Sunday. "We aim to grow faster than last year," Zetsche said during a roundtable session at the Auto China show in Beijing. "We expect the market to have a two-digit growth, and probably the premium market to grow at an even higher rate."

VW has agreed budget car concept, design: manager

BEIJING (Reuters) - Volkswagen <VOWG_p.DE> has agreed the basic concept and design of a budget car for emerging markets, a VW manager told Reuters, nearing the project's completion after a long struggle to meet cost targets for the vehicle. Europe's largest carmaker has been trying for more than a year to hit internal cost goals for the model, which would likely sell for between 6,000 euros ($8,300) and 8,000 euros and be built in China, the biggest market for low-cost cars.

GM 1Q global sales rise 2 pct. to 2.42M, enough to hold off fast-growing VW in global race

DETROIT - General Motors says it sold 2.42 million cars and trucks in the first three months of the year, keeping it slightly ahead of Volkswagen in the global sales race. The Detroit automaker says its sales grew 2 per cent worldwide from January through March. The company was led by 13 per cent growth in China. But sales fell 2 per cent in North America. Sales leader Toyota has yet to release first quarter numbers but says it's on the way to selling 10.1 million vehicles this year.

German economic growth to accelerate, Ukraine clouds loom

BERLIN (Reuters) - German economic growth will accelerate this year to 1.8 percent and pick up again next year, the economy ministry said on Tuesday, although a closely watched survey showed Ukraine is weighing on the outlook for Europe's largest economy. Germany's economy, which powered ahead during the early years of the euro zone crisis, expanded just 0.4 percent in 2013, when exports struggled and some firms held back on investment.

Opel eyes return to profit in 2015: company head

Loss-making German automaker Opel, a unit of General Motors, could steer back to profit as early as next year, its chief said in an interview on Monday. "If everything goes well, theoretically that can't be ruled out," even if the official target remains 2016, Karl-Thomas Neumann told the Wall Street Journal. Opel has been running at a loss of years and has embarked on a deep restructuring, closing its plant in Antwerp, Belgium, and its factory in Bochum, Germany, to shut its doors at the end of this year.

ThyssenKrupp says in talks with Saab over shipyards deal

German heavy industry giant ThyssenKrupp said on Monday it is in talks with Saab of Sweden over the sale of its Swedish shipywards business. The operations, formerly known as Kockums, employ a workforce of about 900 people and the aim of the talks was to safeguard those jobs and retain activities in Sweden, ThyssenKrupp said. "ThyssenKrupp Industrial Solutions, a subsidiary of ThyssenKrupp, and Saab have signed a memorandum of understanding about a sale of Swedish Shipyard ThyssenKrupp Marine Systems," the German group said in a statement.

Eurozone outlook brighter on better German forecasts

The outlook for the crisis-battered eurozone brightened Thursday as Germany's leading economic think tanks raised their growth forecast for Europe's top economy this year and next year. Greece, one of the hardest-hit euro members, also returned to the debt markets for the first time in four years, raising 3.0 billion euros ($4.1 billion) in a landmark five-year bond sale. Throughout the long crisis, the German economy has managed to escape with only a few bruises.

Eurozone outlook brighter on better German forecasts

The outlook for the crisis-battered eurozone brightened Thursday as Germany's leading economic think tanks raised their growth forecast for Europe's top economy this year and next year. Greece, one of the hardest-hit euro members, also returned to the debt markets for the first time in four years, raising 3.0 billion euros ($4.1 billion) in a landmark five-year bond sale. Throughout the long crisis, the German economy has managed to escape with only a few bruises.
Syndicate content