Princess Felicitas von Preussen, great-granddaughter of the last German emperor, diesBERLIN — Princess Felicitas von Preussen, the great-granddaughter of the last German emperor, has died, her family said Tuesday. She was 75. German car sales up 29.5 percent on year in July, but scrap bonus boom fadesBERLIN — Sales of new cars in Germany were up 29.5 percent on the year in July, official figures showed Tuesday. The pace of growth was slower than in previous months, suggesting that a boom triggered by a cash-for-clunkers bonus is fading. GM, Germany and bidders hold new round of talks on future of OpelBERLIN — Talks between General Motors Co., the German government and two bidders seeking to buy GM’s European Opel unit ended Tuesday with progress reported and GM saying it hopes to make a recommendation shortly on a buyer. GM says board updated on Opel sales process, but no decision madeBERLIN — General Motors Co. said Tuesday that its board of directors has been given an update on efforts to sell the European Opel unit but the company has not yet picked a buyer. Euro slips off multi-month high against dollar in morning European trading, buys $1.4404BERLIN — The euro took a breather against the dollar Tuesday, slipping back a little from gains it had made as economic optimism pushed down the U.S. currency. The British pound briefly hit a 10-month high. German luxury car maker BMW’s 2nd-quarter profit slides 76 percent to euro121 millionBERLIN — Luxury automaker BMW AG says its second-quarter profit skidded 76 percent lower as consumers put off buying its pricey vehicles. It said a “lasting” economic recovery was not yet in sight. EU spokesman says German ship released by Somali pirates after ransom paidBERLIN — A European Union naval spokesman says Somali pirates have released a German vessel after a ransom was paid. Merkel to snub Ahmadinejad on inaugurationBERLIN - German Chancellor Angela Merkel will not send a customary letter of congratulation to re-elected Iranian President Mahmoud Ahmadinejad for his inauguration due this Wednesday, a government spokesman said in Berlin. German government sees ‘encouraging’ signs of progress on OpelBERLIN — The German government said Monday that it sees “encouraging” signs of progress in negotiations on the future of auto maker Opel as it prepares for more talks with parent General Motors Co. and the two bidders. German retail sales show unexpected 1.8 percent month-on-month fall in JuneBERLIN — German retail sales saw an unexpected month-on-month fall in June as the global crisis maintained its grip on Europe’s biggest economy, an official estimate showed Monday. German retail sales down 1.6 percent on year in June, 2.1 percent in 1st halfBERLIN — German retail sales were down 1.6 percent on the year in June and dropped by a steeper 2.1 percent for the whole of the first half as the global crisis maintained its grip on Europe’s biggest economy, an official estimate showed Monday. US is number one ’spam nation’BERLIN - The US leads the world in the sending of spam, according to a study. The study by IT security solutions provider Sophos showed that spam originating in Russia has dropped significantly. It also claimed that some 16.5 percent of all spam mails sent in the second quarter of this year came from the United States. Police: 82-year-old man in Germany planned shooting at Jehovah’s Witnesses meeting, gun jamsBERLIN — An 82-year-old man who planned a shooting rampage at a meeting of Jehovah’s Witnesses was deterred because his submachine gun jammed, police said Friday. He was overpowered and arrested. Swedish princess wins suit against German publisher for publishing false storiesBERLIN — A Hamburg court has ordered a German publisher to pay Sweden’s Princess Madeleine $560,000 in damages for fabricating stories about her, the parties involved said Friday. Europe slides further into deflation in JulyBERLIN - Inflation in the 16-member eurozone tumbled deeper into negative territory in July, data released Friday showed, presenting the European Central Bank (ECB) with a fresh challenge as it attempts to spur growth in the currency bloc’s economy. Audi profit falls 25 percent over first-half, but stays in the blackBERLIN — German luxury automaker Audi AG said Friday its earnings for the first six months of the year fell 25 percent as sales slipped nearly 10 percent but, unlike most of its peers, it remained profitable. German woman finds her ’stolen’ Audi in neighbor’s garage after two yearsBERLIN — An Audi sedan written off by an elderly German woman as stolen two years ago has resurfaced — in her neighbor’s garage beneath a thick layer of dust. Police said Thursday the 82-year-old from the northern city of Hildesheim took the car in for repairs two years ago and had the mechanics drive it back to her house and park it in her garage. Germany’s Postbank reports €14 million second-quarter lossBERLIN — Germany’s Deutsche Postbank AG reported Thursday a loss of €14 million ($19.7 million) for the second quarter as the retail lender increased write-downs and provisions for risky loans. Truckmaker MAN says 2Q profit narrows to €27 million on flat orders, dropping salesBERLIN — Truck maker MAN SE reported Thursday a 94 percent drop in second-quarter net profit, as sales fell while orders remained flat, and said it does not see the economic situation improving any time soon. BASF says 2Q net profit narrows to €343 million from €1.3 billion year earlierBERLIN — German chemical company BASF SE warned of a significant drop in sales and earnings this year and said its second-quarter net profit plummeted nearly 74 percent to €373 million ($526.1 million). The recession cut into sales and its acquisition of specialty chemicals firm Ciba also hit profits. German beer sales hit lowest level since government began tracking them in 1991BERLIN — Rainy weather, smoking bans, an aging population and a preference for more health-conscious fare have put a stout dent in the sale of beer in Germany, leaving the nation’s brewers ailing, a report said Thursday. Germany’s pro-Hitler party triggers outrage with “training centre” plansBERLIN - The plans of Germany’s neo-Nazi party National Democratic party (NPD) to open a Third Reich-style “training centre” in a small village has caused outrage. Germany’s VW says Q2 profit down 83 pct to €283 million on dropping sales amid recessionBERLIN — German automaker Volkswagen AG said Thursday that its second-quarter net profit plummeted 83 percent on lower sales of its cars — from Audis to Skodas — as consumers around the world put off big purchases during the recession. Germany’s VW says Q2 profit down 83 pct to euro283 million on dropping sales amid recessionBERLIN — German automaker Volkswagen AG said Thursday that its second-quarter net profit plummeted 83 percent on lower sales of its cars — from Audis to Skodas — as consumers around the world put off big purchases during the recession. VW: 6-month profit down 81 pct to euro494 million; ‘09 sales likely lower than 2008BERLIN — German automaker Volkswagen AG said Thursday that its six-month net profit slipped nearly 81 percent to euro494 million ($696.7 million) on decreased demand during the recession and that total sales this year will be less than in 2008. Germany’s VW says 2Q profit down 83 pct to euro283 million on dropping sales amid recessionBERLIN — Volkswagen AG says its second-quarter net profit plummeted 83 percent as sales of its cars — from Audis to Skodas — slid lower as consumers put off new car purchases worldwide during the recession. Volkswagen: 6-month net profit down 81 percent to euro494 millionBERLIN — Volkswagen AG, Europe’s biggest automaker by sales, says its six-month net profit slipped 81 percent to euro494 million ($696.7 million) on falling sales, adding that it expects revenue in 2009 to be lower than last year. Germany says unemployment rises by 52,000 in July over previous monthBERLIN — Germany’s unemployment rate rose by 0.1 percentage point to 8.2 percent in July over the previous month as the recession continued to hurt the job market, the Federal Labor Agency said Thursday. Germany’s Postbank reports euro14 million second-quarter lossBERLIN — Germany’s Deutsche Postbank AG reported Thursday a loss of euro14 million ($19.7 million) for the second quarter as the retail lender increased write-downs and provisions for risky loans. Truckmaker MAN says 2Q profit narrows to euro27 million on flat orders, dropping salesBERLIN — Truck maker MAN SE reported Thursday a 94 percent drop in second-quarter net profit, as sales fell while orders remained flat, and said it does not see the economic situation improving any time soon. |
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