Suzuki and Volkswagen headed for arbitration
Suzuki Motor Corp and estranged partner Volkswagen seemed headed for arbitration, after VW refused again to sell its 20 per cent stake back to the Japanese carmaker and put a floundering two-year alliance out of its misery.
Lufthansa agrees to sell British Midland to IAG
German airline Lufthansa said on Friday it has agreed in principle to sell its loss-making unit British Midland to the International Airlines Group (IAG), the holding company of British Airways.
"Deu
Suzuki divorce is credit negative for VW: Moody's
Months of squabbling that has brought Volkswagen to the brink of divorce with Japan's Suzuki will dampen its growth prospects in Asia and have a negative credit effect on Europe's biggest carmaker, cr
P. Chidambaram speaks to PM over 2G spectrum row
Union home minister P. Chidambaram called Prime Minister Manmohan Singh and discussed with him the issue of a finance ministry note on allocation of 2G spectrum which appeared to raise questions on his role.
Volkswagen can't rule out takeover of Suzuki: Report
Volkswagen could make a move to take over Japan's Suzuki, German magazine Der Spiegel reported, citing an unnamed senior manager at VW.
"I do not rule out this possibility," the weekly quoted the per
VW will not sell stake in Suzuki: spokesman
German auto giant Volkswagen said on Monday it had no plans to end its cooperation with Japanese partner Suzuki, even though Suzuki has decided to pull out of the two-year-old alliance.
"We're still
India won't give landing rights to Lufthansa: Report
India has refused to grant landing rights for German airline Lufthansa's A-380 aircraft in the capital New Delhi, a German daily said on Friday.
Frankfurter Allgemeine Zeitung newspaper reported in a
GM chief sees chance of new recession
General Motors' chairman Dan Akerson is worried at the chances of another economic recession, he said Thursday in an interview with the Financial Times Deutscheland.
"There is a danger of a new reces
ECB faces tough test on help for eurozone
The European Central Bank (ECB) faces a new eurozone debt crisis on Thursday, with many wanting it to resume controversial purchases of government debt to ease the market pressure on Italy and Spain.
Women's football: Japan beat USA on penalties to win World Cup
Japan twice came from behind to win the women's World Cup for the first time on Sunday, beating the United States 3-1 on a penalty shoot-out after the final had finished 2-2 in extra-time.
Japan capt