Investors are appealing a German court's ruling last year over a lawsuit regarding Porsche's attempted takeover of Volkswagen. It could cost the company $1.4 billion, but a German judge thinks the case is likely to be dismissed again.
Germany has a target of having one million battery electric vehicles on its roads by 2020, but BEV sales are so miniscule that there's no way it can happen without subsidies. A German research organization is proposing a fuel tax to make it happen.
A group of Germans have come up with an ingenious way to prevent jaywalking and entertain pedestrians at the same time. It's called Streetpong, and the idea is already at work in the real world at one lone intersection.
Plants close all the time, but not in Germany. In fact, according to the latest report from TheDetroitBureau.com, there hasn't been an automotive assembly plant closed in Germany since the end of World War II – but one has closed now.
With neighbor France reconsidering support for diesel vehicles, Germany is also staking its claim in an electric-powered automotive future. This isn't news – Chancellor Angela Merkel has been promoting the idea of a million EVs on German streets by 2020 despite slow sales for a while now and VW is sort of on board – but there will need to be some work done to make it happen. Only about 24,000 EVs have been sold in Germany.
Despite recent rumors to the contrary, don't expect to see much collaboration between Tesla and BMW in the near future. Based on some rather prickly statements from the German automaker, Elon Musk might have even burnt some bridges in Bavaria with his latest proclamations.
There may soon be more women in power positions in the world of German business under a proposed law from Chancellor Angela Merkel's coalition government. If passed, the law would force large, publicly traded corporations to have female members make up at least 30 percent of their supervisory boards (which are responsible in part for business strategy) by 2016. In addition, all companies would have to increase the female proportion on their management boards, which conduct regular business.
Looking at the current automotive landscape, especially from German makers, you quickly get the impression that less definitely isn't more. BMW alone offers its 3 Series platform in practically every segment possible, including the regular sedan and 4 Series Gran Coupe, which would seem to be direct competitors. Porsche might be the winner, though, with 20 different variants of the 911 listed for sale on its US website. However, some of this model madness might be reaching an end as companies be
The Nürburgring is among the greatest racetracks of the world, with decades of fantastic motorsports history born on the snaking course. However, it seems that running the place as a business is about as difficult as learning the 12.9 miles of corners on the Nordschleife. After a long bankruptcy sale, things appeared to be looking up for the track when a Düsseldorf-based business called Capricon bought the circuit for 77 million euros, plus the promise of future investment. However, ju
The Germans famously love their cars. With high-speed cruising on the Autobahn and a lot of fun available from the country's back roads, they have every reason to. Apparently, the country's auto writers also take their jobs in advising the enthusiastic populace very seriously. As this video from Autobild shows, when a downright horrible vehicle like the Shuanghuan CEO comes around, it receives some sweeping destruction.
The classic stereotype about Germans is that they are very fastidious with a preference for making things efficient, clean and well engineered. Stuttgart, home to Porsche and Mercedes-Benz , has another business in the city could show off a little of the country's perceived national character: Mr. Wash. The world's largest carwash, Mr. Wash is so spectacular that its arching two-story business (pictured above) is highlighted in a new video from The Wall Street Journal.
By most historical accounts, the period between the first and second world wars was not a great time. Economic collapse, an entire continent in shambles, prohibition and the rise of the Nazis are the prime lowlights of the 1920s and 1930s. But, there was one small ray of excitement in this otherwise depressing time – the automobile industry was in a renaissance.
A German court has issued a nationwide ban on Uber, the increasingly popular, taxi-replacing, ride-hailing app. The ban will run until later this year until the "legality" of the service can be determined, The New York Times' Bits blog reports.
Former Porsche CEO Wendelin Wiedeking (left in the above photo) could potentially be facing some time in the slammer after all. The last we had heard, he and former Chief Financial Officer Holger Haerter (right) had avoided a trial in April due to a lack of evidence. However, an appeals court in Stuttgart has looked at the case again and overruled the earlier decision, finding that the executives should be tried for share manipulation during Porsche's failed attempt to take over Volkswagen in 20
The DriveNow carsharing service, which is a partnership between BMW and Sixt, is growing quite rapidly. "We've been surprised about the explosion of new subscriptions, which has helped boost revenue," says Sixt CEO Erich Sixt. The number of DriveNow users has increased from 215,000 at the end of last year to 300,000 today.
The Internet has shrunk the world in terms of the way people communicate by making it possible to send an email from Oslo and have it show up in Cleveland almost immediately. But that instant contact has wrecked the work/life balance for many. They get home from a long day at the office, yet they can never fully put their feet up and relax because another hour or more of checking and replying to emails awaits. However, German automotive giant Daimler is putting an end to that churn, at least whi
You wouldn't think a couple of pro golfers racing a golf cart along a nice green course would get the blood pumping. But throw in a BMW i8 plug-in hybrid and things get at least a little more interesting. At least, that's what the German automaker is hoping for.
Audi has put a price tag on the A3 Sportback E-Tron plug-in hybrid, for which presales begin this month in Germany. To get your hands on one of these little guys, Audi is asking for €37,900, or about $51,537 according to current exchange rates. Of course, the base MSRP doesn't include any incentives, but in Germany, those savings would come from certain annual tax exemptions that apply to PHEVs. Buyers in other countries might have more luck in getting into an A3 E-Tron for less.