business
Prosecutors in Germany have imposed a fine of €100 million ($107 million) on automotive supplier Continental in connection with the major diesel engine emissions manipulation scandal that rocked Germany's automotive industry. The parts maker later said it would pass on the fine to a unit spun off in 2021. Continental and other corporations have faced proceedings for negligent breach of supervisory duties from prosecutors in Hanover, where Continental is based. The diesel cheating scandal broke publicly in 2015, when regulators in the United States discovered that some Volkswagen diesel vehicle...
DPA
German Chancellor Olaf Scholz pledged further government backing for the pharmaceutical industry and touted recent investments in the country. Scholz spoke at the laying of the foundation stone on Thursday for a €300 million ($320 million) new research centre at German chemical and pharmaceutical firm Merck's headquarters in the western German city of Darmstadt, located south of Frankfurt. The chancellor called the expansion project a "commitment to Germany as a strong location for pharmaceuticals, industry and research." The centre is scheduled to open in three years. "Investments such as tho...
DPA
Prosecutors in Germany have imposed a fine of €100 million ($107 million) on automotive supplier Continental in connection with the major diesel engine emissions manipulation scandal that rocked Germany's automotive industry. Continental and other corporations have faced proceedings for negligent breach of supervisory duties from prosecutors in Hanover, where Continental is based. The diesel cheating scandal broke publicly in 2015, when regulators in the United States discovered that some Volkswagen diesel vehicles had been intentionally programmed to run cleaner during emissions testing than ...
DPA
Prosecutors in Germany have imposed a fine of €100 million ($107 million) on automotive supplier Continental in connection with the major diesel engine emissions manipulation scandal that rocked Germany's automotive industry. Continental and other corporations have faced proceedings for negligent breach of supervisory duties from prosecutors in Hanover, where Continental is based. The diesel cheating scandal broke publicly in 2015, when regulators in the United States discovered that some Volkswagen diesel vehicles had been intentionally programmed to run cleaner during emissions testing than ...
DPA
German pharmaceutical and chemical company Merck is investing more than €300 million ($320 million) in a new research centre at its headquarters in the western German city of Darmstadt south of Frankfurt. German Chancellor Olaf Scholz spoke at the laying of the foundation stone for the expansion on Thursday, calling it a "commitment to Germany as a strong location for pharmaceuticals, industry and research." The centre is scheduled to open in three years. "Investments such as those made by Merck here at the Darmstadt headquarters make exceptional economic, medical and scientific sense," said S...
DPA
Germany's domestic intelligence service (BfV) has warned companies to exercise caution when dealing with authoritarian foreign governments such as China. German companies should be cautious with mandatory tax software required by the Chinese government, for instance, since those programmes risk giving Chinese authorities access to internal company information, the BfV's vice president, Sinan Selen, said on Wednesday in Berlin. "We are increasingly seeing attempts to influence politics, business and science by illegitimate means, but also classic espionage," Selen said at the start of a joint e...
DPA
Germany's domestic intelligence service (BfV) has warned companies to exercise caution when dealing with authoritarian foreign governments such as China. German companies should be cautious with mandatory tax software required by the Chinese government, for instance, since those programmes risk giving Chinese authorities access to internal company information, the BfV's vice president, Sinan Selen, said on Wednesday in Berlin. "We are increasingly seeing attempts to influence politics, business and science by illegitimate means, but also classic espionage," Selen said at the start of a joint e...
DPA
German automaker Mercedes-Benz has recalled around 261,000 vehicles worldwide due to a software issue affecting two different SUV models. Mercedes-Benz's GLE and GLS models from 2018 to 2023 are affected, according to a recall published in the database of Germany's Federal Motor Transport Authority (KBA) on Wednesday. Almost 4,400 vehicles are affected in Germany. According to the recall, a software error in the transmission control unit could lead to engine failure, increasing the risk of accidents. A Mercedes-Benz spokesman told dpa that the issue had no impact on the vehicle's steering and ...
DPA
The state premier of Germany's most populous state is departing for a visit to cities along the West Coast of the US on Sunday for talks that will focus on security policy and technology. Hendrik Wüst, the top politician of Germany's industrial hub of North Rhine-Westphalia, will stop in the Los Angeles, San Francisco and Seattle areas, accompanied by a delegation of business, science, aerospace, judicial, film and media figures, state officials said. Wüst, a member of the centre-right Christian Democrats, is to visit a US company that is due to assemble the centre fuselage sections of the F-3...
DPA
German electricity grid operator Amprion more than doubled investments last year and is making good progress with expanding transmission connections, the company's top executive said on Thursday. The company spent roughly €3 billion ($3.2 billion), a record level, on improvements in 2023, according to Amprion's chief executive Hans-Jürgen Brick. Brick said that incentives aimed at improving and expanding the electric grid enacted by Germany's government "are having an effect." Improving electricity transmission is a major part of Germany's plans to combat climate change and shift the country t...
DPA
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