The federal and state governments are investing together with 400 million euros in equity and are temporarily taking over around 80 percent of the traditional shipyard from Papenburg. In addition, the public sector is securing bank loans worth 2.6 billion euros with guarantees. The owner family Meyer will hold around 20 percent in the coming… Continue reading German FAZ: State implements rescue of Meyer Werft before Christmas008451
Category: German Press
German FAZ: Election programs without oomph008450
A good two months before the early federal election, the election campaign is gaining momentum. Just in time for the vote of confidence from Chancellor Olaf Scholz (SPD) in the Bundestag, the CDU/CSU, SPD and Greens have completed their election programs. Economic policy takes up a lot of space in each case. But leading economists… Continue reading German FAZ: Election programs without oomph008450
German FAZ: “There is no longer anything like us today”008452
There are 25 steps. 25 steps that are very familiar to Ute Nachtigall. She has run it thousands of times since 1972. 25 steps that lead from the entrance area of the Rüsselsheim sports hall to the basement. On the one hand, there is the gymnastics room in which the former artistic gymnastics coach spent… Continue reading German FAZ: “There is no longer anything like us today”008452
German FAZ: What the car crisis means for Hesse008451
According to figures from the State Statistical Office from September, almost 42,000 men and women in Hesse are employed in the “manufacture of motor vehicles and motor vehicle parts”. The map also refers to this group: It shows the locations of companies that develop or manufacture vehicles and components for them and employ a total… Continue reading German FAZ: What the car crisis means for Hesse008451
German FAZ: Stellantis leader with commitment to Opel008450
Top representatives of the Opel parent company Stellantis emphasized the importance of the German business for the group during a visit to Rüsselsheim. “Opel and Germany are very important to Stellantis,” said Stellantis Chairman John Elkann, according to a press release published on Wednesday. Elkann belongs to the Fiat Agnelli dynasty, the largest individual shareholder… Continue reading German FAZ: Stellantis leader with commitment to Opel008450
German FAZ: How Volkswagen lost its way 008452
It’s a question that many people in Germany are asking right now: How could Volkswagen get to this point, how could the company slide so deeply into the crisis? “The fish always stinks from the head,” thundered IG Metall boss Christiane Benner into the crowd of angry employees at a protest rally in front of… Continue reading German FAZ: How Volkswagen lost its way 008452
German FAZ: The trick with the Andretti008451
Andretti back in Formula 1, now after all. Just completely different than planned. “I have to pinch myself,” said Andretti, “to make sure I’m not dreaming.” But Michael Andretti, who was once overwhelmed as a Grand Prix driver, won’t be there when Cadillac, the luxury brand of the General Motors Group (GM ), will be… Continue reading German FAZ: The trick with the Andretti008451
German FAZ: 50G crash in Las Vegas, Russell races to pole008450
In what could be the decisive Formula 1 race of the season, world championship leader Max Verstappen will start ahead of his pursuer Lando Norris. The Red Bull driver didn’t come close to George Russell as the fastest driver in qualifying in Las Vegas, but he was faster than Norris and starts the race from… Continue reading German FAZ: 50G crash in Las Vegas, Russell races to pole008450
German FAZ: Kaeser wants to relax bonus ban at Siemens Energy008448
Siemens Energy is an exception: Not only because the energy technology group’s shares are by far the top winners on the German stock market this year with a price increase of almost 330 percent and have beaten the leading index Dax by more than 300 percentage points. Another exception is that the board around chairman… Continue reading German FAZ: Kaeser wants to relax bonus ban at Siemens Energy008448
German FAZ: “There is no longer anything like us today”008448
There are 25 steps. 25 steps that are very familiar to Ute Nachtigall. She has run it thousands of times since 1972. 25 steps that lead from the entrance area of the Rüsselsheim sports hall to the basement. On the one hand, there is the gymnastics room in which the former artistic gymnastics coach spent… Continue reading German FAZ: “There is no longer anything like us today”008448