Porsche SE, the holding that controls VW, suffered a defeat in a Stuttgart court which ruled that shareholders should not have relieved management of its duties in 2015. Porsche SE’s board will now face investor questions about Dieselgate.
A new government report recommends retrofits for 5 million older diesel models in Germany, which could cost carmakers up to €6.5 billion. (Der Spiegel)
German companies with a foreign subsidiary enjoy a higher domestic investment of about €458,000 ($560,000) on average, according to a new Bundesbank study. Experts reckon it’s because of lower taxes abroad.
SPD leader Martin Schulz said that lawmakers are taking care that formal coalition talks “will not take too long”. (Reuters)
Two of Europe’s largest food delivery start-ups, Germany’s Delivery Hero and Amsterdam-based Takeaway.com, are warming up to a merger in order to take on growing competition. (Reuters)
Trump exposé “Fire and Fury” will “certainly more than pay back the cost of its advance,” said German publisher Stefan von Holtzbrinck, whose eponymous company owns the book’s US imprint Henry Holt. (Süddeutsche Zeitung)
Passenger numbers fell drastically in December 2017 compared to the year before, according to the German Airports Association. Around 15.6 million less people took flights, an aftershock of Air Berlin and Niki’s bankruptcies.
A Vietnamese former oil exec allegedly kidnapped by Vietnamese agents in Berlin last year has been sentenced to lifelong prison in Hanoi on corruption charges.
Troubled German furniture retailer Steinhoff plans to offload more shares in its investment firm PSG, desperately freeing up much-needed capital amid a major financial scandal.
Germany’s DAX opened at 13,443 on Monday, just 80 points below its record-high, as investors relish the SPD’s positive vote on starting coalition talks.
Chancellor Angela Merkel and French President Emmanuel Macron will sign a new bilateral agreement on Franco-German cooperation, commemorating the Élysée Treaty’s 55th anniversary, the leaders said in a joint video podcast on Sunday.
Nintendo’s new Labo gaming console mistakenly almost didn’t receive German approval, according to a software rating’s board tweet. Looking more like “paper waste” than hardware, it was almost trashed by cleaners.
A German national of Moroccan origin has been sentenced to death by an Iraqi court after she was found guilty of being a member of the Islamic State. (Reuters)
Social Democratic party delegates voted to enter into coalition talks with Angela Merkel’s conservative alliance. The vote, which followed an emotional debate, clears the path for negotiations between Germany’s two largest parties to begin in earnest.
Deutsche Bank reported questionable transactions involving President Donald Trump’s son-in-law Jared Kushner, or people or businesses near him, to German securities regulators and will also forward the info to special prosecutor Robert Mueller. (Manager Magazin)
The eastern German city of Cottbus will temporarily accept no refugees following a series of violent crimes allegedly committed by Syrian refugees, the interior minister of the state of Brandenburg said. (RBB)
Germany has halted arms exports to Jordan, Egypt, the United Arab Emirates and Saudia Arabia because of their role in the war against Yemen, government spokesman Sfeffen Seibert tweeted.
US regulators are refusing to approve pending deals between Chinese conglomerate HNA, which owns 10% of Deutsche Bank, and hedge fund Skybridge Capital as well as Swiss commodity company Glencore because of a lack of transparency.
A new German law requiring social media sites to remove possibly illegal hate speech should not be copied across Europe and goes too far, European Justice Commissioner Vera Jourova said. (Der Spiegel)
VW is investing €1.8 billion in the design of its latest Golf, the Golf 8, which will debut next year. The model was introduced in 1974 and has sold more than 34 million units in 108 countries, VW said.
Martin Schulz, head of the center-left SPD, warned that new elections would be called “quickly” if a party vote on Sunday goes against a coalition government with Chancellor Merkel’s conservative bloc.
A Munich court sentenced Philipp K. to seven years in prison for selling a pistol that was used in a right-wing attack at a Munich shopping mall that left nine people dead in 2016.
Energy firm Fortun’s mandatory offer for Uniper reeled in just 0.28% of shares in the former fossil fuels unit of utility E.ON, which sold its 46.65% holding to Finland’s Fortun last year. Uniper says the €22-per-share offer is too low.
Germany more than doubled the number of electric cars on its roads with 25,056 registered last year, including 4,323 for the Renault Zoe, the most popular electric model for the second year in a row.