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German business confidence rose for an eighth consecutive month in November as Europe's biggest economy recovered steadily from its worst recession in decades, a leading survey showed Tuesday.
General Motors Co. will present to unions on Wednesday its restructuring plan for the Opel unit, expected to include up to 9,500 job cuts, the carmaker's top official in Europe said Tuesday.
German chipmaker Infineon Technologies AG said Thursday its fourth quarter net income rose sharply from a large loss a year ago as the company saw cost reductions help its results.
German car maker Volkswagen AG said Friday that its group deliveries were up 11 percent on the year in October, helped by strong increases in China and Brazil and a smaller rise in the U.S.
German sportswear company Puma AG said Monday net income fell 24 percent in the third quarter due to a drop in sales, especially for footwear and in its American markets.
German insurer Allianz SE said Monday it posted a net profit in the third quarter from a loss a year ago due to improved revenue in life and health insurance and financial services.
German reinsurance company Hannover Re AG reported net income of euro159 million ($235 million) in the third quarter from a loss a year ago, as a result of an increase in premiums and a one-off profit related to a recent acquisition.
German sportswear company Adidas AG said Wednesday its net income fell 30 percent in the third quarter as it saw sales decline, especially at its sport performance division.
German carmaker BMW AG said Tuesday its net income fell 74 percent in the third quarter as it continued to be affected by the global economic downturn.
The board of General Motors Co. is expected to decide Tuesday the fate of Opel and Vauxhall, ending more than a year of uncertainty surrounding its business and restructuring in Europe and the U.S.
German airline operator Deutsche Lufthansa AG said Thursday net income in the third quarter rose 23 percent because of the addition of new group airlines.
German chemical company BASF SE said Thursday net income fell 69 percent in the third quarter as the global downturn hurt demand and prices for the company's products.
German drug and chemical maker Merck KGaA reported Monday that net income fell 28 percent to euro144 million ($216 million) in the third quarter as weak demand hurt revenue, but said its chemicals and liquid crystals divisions were recovering.
German business confidence rose for a seventh consecutive month in October as Europe's largest economy showed more signs of recovery and firms' outlook for exports improved, a survey found Friday.
German investor confidence dipped in October as mixed economic data suggested Europe's biggest economy will recover only slowly, a closely watched survey showed Tuesday.
German carmaker Audi AG said Friday it delivered 6.8 percent fewer cars in September than a year earlier as the global downturn continued to affect demand, but noted it fared better than the wider market and saw gains in some regions.
Economic recovery is the main issue in Germany's elections Sunday, and Chancellor Angela Merkel says tax cuts should be used to spur more growth — something her challenger disputes.
German carmaker Volkswagen AG said it would unveil several new models at this week's Frankfurt Auto Show, including an electric car called the E-Up.
The new General Motors Co. board apparently has decided what to do with its troubled German-based Opel unit, but nothing will be made public until German government officials and Opel's board are notified early Thursday, a person familiar with the situation said.
The new General Motors Co. board is weighing four options for its German-based Opel unit, including keeping the operation or letting it slide into bankruptcy protection, a person familiar with the options said Wednesday.
German reinsurance company Munich Re AG expects more moderate growth in the economy "very soon" and may resume its share buyback program if markets keep improving, the chief financial officer said.
German media company Bertelsmann said Monday it lost money in the first half of the year on declines in advertising revenue and consumer spending.
German airline Deutsche Lufthansa AG said Friday the European Commission has approved its takeover of Austrian Airlines Group, allowing it start integrating the company in September.
German consumers' confidence in their economy — Europe's largest — continued to rise as growth and income expectations for September increased from August, a leading survey said Thursday.
German airline Air Berlin PLC said Tuesday its net profit fell about 9 percent in the second quarter as the global economic downturn continued to weigh on air travel.
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