Melissa Eddy
Posts
Tesla Wants to Double Size of Its German Factory
The electric automaker wants to produce a million cars a year at its plant near Berlin, a step that would make it Europe’s largest car...
Germany Says China Trade Could Create Perilous Dependence
A long-awaited strategy statement is an attempt to set a coherent approach for dealing with China, Germany’s largest trading partner, in policy and business.
German Government Slashes Spending, Except on the Military
The proposed package foresees spending about 6 percent less in 2024 from this year, in a return to financial austerity. But the severity of the...
Volkswagen Replaces Audi Chief Amid Pressure to Electrify
Gernot Döllner, who is considered close to Volkswagen’s chief executive, Oliver Blume, will take over at the luxury brand starting Sept. 1.
Adidas Starts Unloading Its Yeezy Gear, to Benefit Anti-Hate Groups
The sportswear company, which cut ties with Kanye West over his antisemitic remarks, will donate proceeds from its $1.3 billion inventory of Yeezy-brand sneakers and...
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 Inflation Ticked Higher in April
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...