STUTTGART/DETROIT, Feb 13 (Reuters) – The United Auto
Workers union is following the same road map at the
Mercedes-Benz plant in Alabama that it used to reach its
historic vote to represent Volkswagen employees in Tennessee.
The UAW has been working with German union IG Metall and the
Daimler works council, the labor group at Mercedes parent
Daimler AG, to build support for the UAW among
Mercedes workers in Vance, Alabama, according to the union and
Alabama workers opposed to the UAW.
STUTTGART, Germany/BRUSSELS, Jan 20 (Reuters) – The European
Commission is expected to launch legal action against Germany
over Daimler’s refusal to remove a banned refrigerant
from new cars, EU sources said on Monday.
A final decision on legal action against Germany could be
taken as early as Wednesday, two sources, speaking on condition
of anonymity, said.
STUTTGART (Reuters) – The new Mercedes-Benz C-Class has cameras that can read road signs and sensors to judge distance to the car in front, but is not yet able to make full use of the hardware.
What may sound like a shortcoming is in fact a deliberate strategy by manufacturer Daimler, and a sign of things to come for the global luxury car industry.
HEIDELBERG, Germany (Reuters) – HeidelbergCement (HEIG.DE: Quote, Profile, Research, Stock Buzz) Chief Executive Bernd Scheifele is facing up to the new reality of a lower growth world, where the priorities are to keep a tight hold on cash for rainy days and not splurge on big acquisitions.
Scheifele said the best recipe for companies to survive in the current uncertain economic environment was to focus on steady organic growth.
BRUSSELS, June 24 (Reuters) – The European Union late on
Monday agreed a compromise deal to enforce stricter rules on
carbon dioxide emissions for all new EU automobiles from 2020.
The outline agreement on implementing a target of 95 grams
of carbon dioxide per kilometre (g/km) still needs the official
endorsement of EU member states.
BRUSSELS/LUXEMBOURG, June 21 (Reuters) – European Union
health ministers agreed on Friday to ease tough planned
restrictions on tobacco products to overcome opposition from
some governments to the draft rules.
The ministers rejected a ban on slim cigarettes proposed by
the bloc’s executive, the European Commission, but said they
should be sold in normal-sized packets to reduce their appeal.
They also agreed to outlaw menthol cigarettes and other tobacco
LUXEMBOURG (Reuters) – Euro zone finance ministers on Thursday agreed on how its bailout fund can invest in troubled banks, but imposed so many conditions that they may not completely succeed in their goal of separating problem banks from their indebted home countries.
The 500 billion-euro bailout fund was originally set up to help struggling governments and was later expanded to include banks in an effort to restore confidence in the financial markets, ravaged by three years of debt and financial crisis.
KARLSRUHE, Germany, June 12 (Reuters) – The European Central
Bank defended itself in a German court on Wednesday against
suggestions that its role should be more limited, clashing with
Germany’s Bundesbank over its main tool in calming the euro
ECB executive board member Joerg Asmussen and Bundesbank
chief Jens Weidmann disagreed at a Constitutional Court hearing
into the ECB’s bond-buying plan on whether ECB powers should be
redefined – with Asmussen warning it would open a Pandora’s Box.
BRUSSELS (Reuters) – European countries plan to scale back a proposed financial transactions tax drastically, initially imposing a tiny charge on share deals only and taking much longer than originally intended to achieve a full roll-out.
While yet to be formally proposed, the sweeping revisions would mark a victory for banks and trading organizations which have lobbied furiously against a scheme aimed at making them contribute to the costs of the financial crisis.
BRUSSELS, May 30 (Reuters) – European countries plan to
scale back a proposed financial transactions tax drastically,
initially imposing a tiny charge on share deals only and taking
much longer than originally intended to achieve a full roll-out.
While yet to be formally proposed, the sweeping revisions
would mark a victory for banks and trading organisations which
have lobbied furiously against a scheme aimed at making them
contribute to the costs of the financial crisis.