German automaker Daimler is planning to produce Mercedes-Benz passenger cars in Russia, in a move aimed at expanding its global production network for Mercedes-Benz passenger cars. In a statement, Daimler said: "We have been looking at ...
Tags: Daimler, Mercedes-Benz, Passenger Cars
Gas prices on the European prompt markets fell sharply Wednesday, extending the previous day's steep losses, on reduced demand and increased Norwegian flows. The day-ahead gas contract in the Netherlands TTF hub traded below Tuesday's ...
German automaker BMW Group is set to invest $1bn to expand the production capacity at its Spartanburg plant in South Carolina by 2016. The plant currently producies BMW X3, X5, X5 M, X6 and X6 M models. The new expansion will see the ...
Tags: BMW, Spartanburg Plant Expansion, automaker
NYMEX May crude settled $1.84 lower at $99.74/barrel Tuesday on expectations of another build in US crude stockpiles and bearish data from China and Europe. ICE May Brent settled $2.14 lower at $105.62/b. The Brent-WTI spread settled at a ...
Tags: Oil Futures, crude, NYMEX
German automaker Volkswagen Group has signed joint declarations with its Chinese joint venture partners SAIC Motor and First Automotive Works (FAW) Group to work collaboratively in the field of forward-looking technologies. Under the ...
Tags: Volkswagen, Automotive, automotive industry
In the presence of Germany’s Chancellor Dr. Angela Merkel and the Chinese State President Xi Jinping, Daimler AG and its Chinese partner Beijing Automotive Industry Corporation (BAIC Group) today signed an agreement on the further ...
Tags: Daimler, BAIC, Mercedes-Benz
German automobile manufacturer Opel is set to invest EUR245m at its Ruesselsheim plant in Germany to produce two additional vehicles later in the decade. The plant will also be responsible for the assembly of a future model under its ...
Tags: Opel, German Vehicle Production, automobile
Gas contracts on European prompt markets extended last week's losses Monday on reduced demand ahead of the summer season when the market switches to injecting gas into storage facilities, which are at healthy levels. Day-ahead gas price ...
Tags: prompt markets, gas demand, gas Prices
With approval of the Supervisory Board of the company, the Management Board of FAST Casualwear AG has resolved on carrying out a second capital increase in the current financial year. The capital increase will be carried out against ...
Tags: Casualwear, footwear, apparel
According to a report released by the German Federal Statistical Office (Destatis), in February of the current year the import price of iron ore in Germany increased by 7.9 percent year on year and decreased by 1.5 percent month on month. ...
Tags: Iron Ore, steel, ferroalloys
A new report by Hamburg-based secondary research organization yStats.com, “Global M-Commerce 2014: Smartphones and Tablets“, covers the latest trends and developments in mobile shopping. Yücel Yelken, CEO of yStats.com ...
German plantmaker SMS Meer has announced that it will supply a semi-continuous billet mill for Formosa Ha Tinh Steel, the new integrated steel plant Taiwan-based Formosa Group is building in Ha Tinh Province, Vietnam. The produced billets ...
Tags: Formosa Ha, Billet Mill, plantmaker
German plate producer Dillinger Hütte has announced its financial results for 2013, stating that a weak economic environment and worldwide overcapacities placed extreme pressure on the heavy plate market. With utilization of capacities ...
Tags: plate producer, Dillinger Hutte, plate Price
German automaker BMW Group and Japanese automaker Toyota have partnered for the development of a new hybrid sports car. The new model will different than the replacement for the Z4 and for the Supra. Both firms will use German technology ...
Tags: Sports Car, Hybrid Car, BMW, Toyota
German automaker Mercedes Benz plans to use three-cylinder engines for future hybrid versions of compact front-wheel-drive vehicles. The company is relying on these engines because of their small size, which will be needed for ...
Tags: Hybrid Vehicles, Mercedes-Benz