Edition:
United Kingdom

Edward Taylor

Lufthansa investors back $10 billion German government rescue

26 Jun 2020

FRANKFURT Lufthansa shareholders on Thursday backed a 9 billion euro ($10 billion) government bailout, securing the future of Germany's flagship airline after it was brought to the brink of collapse by the COVID-19 pandemic.

Lufthansa investors back $10 bln German government rescue

25 Jun 2020

FRANKFURT Lufthansa shareholders on Thursday backed a 9 billion euro ($10 billion) government bailout, securing the future of Germany's flagship airline after it was brought to the brink of collapse by the COVID-19 pandemic.

Lufthansa soars after top shareholder backs bailout

25 Jun 2020

FRANKFURT Lufthansa shares jumped as much as 20% on Thursday after its top shareholder dropped his objections to a 9 billion euro ($10 billion) government bailout for the German airline brought to the brink of collapse by the COVID-19 pandemic. | Video

Lufthansa investors back $10 billion German government rescue

25 Jun 2020

FRANKFURT Lufthansa shareholders on Thursday backed a 9 billion euro (8.14 billion pounds) government bailout, securing the future of Germany's flagship airline after it was brought to the brink of collapse by the COVID-19 pandemic.

UPDATE 2-Lufthansa investors back $10 bln German government rescue

25 Jun 2020

* Shares jump as much as 20% (Adds finance, economy minister comment)

Daimler and Nvidia team up to close tech gap to Tesla

24 Jun 2020

FRANKFURT Having pulled ahead in the race to develop a software-based vehicle operating system, U.S. electric car pioneer Tesla faces a new challenge from an alliance of German luxury carmaker Daimler and U.S. computer graphics specialist Nvidia.

Mercedes-Benz, Nvidia deepen autonomous driving alliance

23 Jun 2020

Semiconductor maker Nvidia Corp has struck a deal with Germany's Daimler to develop and equip Mercedes-Benz cars with a next generation chip and software platform that could eventually be used for autonomous driving functions.

Wirecard seeks new financing strategy after Moody's junk downgrade

20 Jun 2020

FRANKFURT/MANILA German payments firm Wirecard said it had hired U.S. investment bank Houlihan Lokey to devise a new financing strategy after Moody's slashed the company's rating to junk over the disappearance of 1.9 billion euros.

Coronavirus raises stakes as auto unions ready for a fight

18 Jun 2020

PARIS/FRANKFURT The coronavirus crisis has forced carmakers to speed up layoffs that must be matched with hefty payouts and deft negotiation to retain the support of powerful trade unions vital if Europe's auto industry is to manage a shift to low-emission vehicles.

Volkswagen CEO apologises after row with supervisory board

09 Jun 2020

FRANKFURT Volkswagen CEO Herbert Diess has apologised to the carmaker's supervisory board after accusing some of its members of leaking confidential information to the press.

World News