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Volkswagen overtakes Toyota as world's biggest automaker

Last Updated: Tuesday, July 28, 2015, 13:32

Toyota said it sold 5.02 million vehicles worldwide between January and June, falling below earlier figures from Volkswagen of 5.04 million units shifted in the same period.

Mercedes-Benz recalls 150 cars over faulty fuses in China

Last Updated: Saturday, July 25, 2015, 12:48

German car maker Mercedes-Benz will recall 150 imported vehicles in China on July 31 to fix a fuse problem, according to the country's top quality supervisor.

Greek banks reopen as Tsipras eyes return to normal

Last Updated: Monday, July 20, 2015, 11:28

Queues formed outside bank branches in central Athens as people waited to take care of business frozen during the three week-long bank holiday.

Back Greek talks or face chaos, Merkel tells German lawmakers

Last Updated: Friday, July 17, 2015, 15:41

Chancellor Angela Merkel called on German lawmakers on Friday to back negotiations for a third Greek bailout, saying the alternative was chaos and that suggestions Athens might leave the euro temporarily wouldn`t work.

Adidas seeks permission to run company-owned stores in India

Last Updated: Thursday, July 16, 2015, 17:38

At present, Adidas -- which globally manufactures and sells sports shoes, apparels and accessories -- is selling its range of products through its network of franchisees.

Some in German govt preferred temporary Grexit: Schaeuble

Last Updated: Tuesday, July 14, 2015, 18:55

Initial drafts of the agreement European leaders reached with Greece early on Monday included a German proposal to make Greece take a "time-out" from the euro zone if it failed to meet conditions. 

German investor sentiment slips, but outlook still positive: ZEW

Last Updated: Tuesday, July 14, 2015, 15:43

Investor sentiment in Germany fell to its lowest level in eight months in July, but the outlook for Europe`s biggest economy remains positive, a leading survey found on Tuesday.

Greek compromise proposed after Tsipras, Hollande,Merkel talks

Last Updated: Monday, July 13, 2015, 12:32

The leaders of Greece, Germany, France and the EU proposed a "compromise" on a bailout deal for Athens at late-night talks which will now be put to the rest of the eurozone, a European source said early on Monday.

China market rout, slowing economy sap demand for luxury cars

Last Updated: Saturday, July 11, 2015, 16:53

Prices for German luxury cars in China are tumbling as the country`s stock market sell-off and worries about broader economic growth chill demand for auto brands that once commanded price premiums from affluent Chinese consumers.

Siemens exececutive says pricing pressures still high in turbine market

Last Updated: Friday, July 10, 2015, 09:00

German industrial company Siemens AG has not seen an easing in pricing pressures in the gas-fired turbine market, the head of the company`s energy business said on Thursday.

German trade surplus widens in May as exports rise

Last Updated: Thursday, July 9, 2015, 13:22

The previous month, the trade surplus had amounted to 21.5 billion euros.

Greek PM calls Obama to discuss debt crisis

Last Updated: Wednesday, July 8, 2015, 11:19

Obama reiterated that it is in everyone's interest that Greece and its creditors reach a mutually-acceptable agreement, the statement said.