Mercedes eyes driverless on-demand limousine service as potential market

Last Updated: Tuesday, September 15, 2015, 08:07

Daimler already has car2go, its own car-sharing service which allows subscribers to locate and rent a nearby vehicle from a fleet of Daimler-owned vehicles using a smartphone.

German carmakers party under China cloud

Last Updated: Sunday, September 13, 2015, 15:58

For the home team of BMW, Daimler and Volkswagen, as well as European rivals such as PSA Peugeot Citroen, China`s downturn also threatens to weigh on already weak emerging markets and put a damper on recovering demand at home.

Audi reports best August sales

Last Updated: Friday, September 11, 2015, 10:53

German automaker Audi AG sold 128,650 cars in August, a year-on-year increase of 2.7 percent, marking its best August sales figures ever.

140,000 Lufthansa passengers grounded by pilots' strike

Last Updated: Wednesday, September 9, 2015, 19:50

German airline Lufthansa Wednesday said 140,000 passenger were grounded and 1,000 flights cancelled as a two-day strike by pilots entered its second day.

Suzuki Motor says it will buy back VW stake as court settles feud

Last Updated: Monday, August 31, 2015, 09:16

Japan`s Suzuki Motor Corp said on Sunday it would buy back the 19.9 percent stake it sold to Volkswagen AG after an international arbitration court ordered the German automaker to sell its holding.

Audi to drive into smaller cities for expansion in India

Last Updated: Sunday, August 30, 2015, 10:56

Apart from bringing in new models, the company is also preparing to expand its used car business under Audi Approved Plus with plans to take the total number of outlets to 10 in the next 12 months from three at present.

German parliament backs Greek bailout with large majority

Last Updated: Wednesday, August 19, 2015, 17:27

The German parliament voted by an overwhelming majority Wednesday to back a third bailout for Greece, with Chancellor Angela Merkel spared a major rebellion of deputies opposing the aid.

Merkel girds for right-wing revolt in Greece bailout vote

Last Updated: Wednesday, August 19, 2015, 11:17

Approval of the latest 86 billion euro ($95 billion) emergency rescue plan for Athens is seen as assured given the 504 seats Merkel`s left-right "grand coalition" holds in the 631-seat Bundestag lower house.

Daimler stops work at its Brazil plants

Last Updated: Saturday, August 8, 2015, 16:11

The Brazilian unit of German automaker Daimler said it is suspending production at one of its four plants for two weeks as a result of a steep decline in sales.

Nokia sells HERE maps unit to German carmakers for 2.8 billion euros

Last Updated: Monday, August 3, 2015, 11:06

Intelligent mapping systems are the basis on which self-driving cars linked to wireless networks can perform intelligent functions such as recalculating a route if data about a traffic jam or an accident is transmitted to the car.

German retail sales unexpectedly fall in June

Last Updated: Friday, July 31, 2015, 14:01

Analysts polled by the financial services provider Factset had forecast the volatile indicator would stay unchanged for the month in Europe`s biggest economy.

Lufthansa, lifted by cheap fuel, triples net profit

Last Updated: Thursday, July 30, 2015, 16:00

German airline Lufthansa, still reeling from the crash of one of its Germanwings planes in March over the French Alps, said Thursday it tripled net profit in the second quarter, helped by cheap fuel.