Chief Company News Correspondent
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Nov 30, 2011

Night ban to cost Lufthansa about $53 mln per year

BERLIN, Nov 30 (Reuters) – Lufthansa Cargo,
the freight arm of Germany’s largest airline, stands to lose
about 40 million euros ($53 million) a year if a night-flight
ban in Frankfurt is made permanent, its finance chief said.

“Those are the additional costs for stopovers in Cologne,
cancelled flights and business that we lost because of the ban,”
Peter Gerber told Reuters on the sidelines of an event late on
Tuesday.

Nov 25, 2011

Will Heidelberg benefit from Manroland’s woes?

FRANKFURT, Nov 25 (Reuters) – Manroland, the
world’s third-biggest printing machine maker, filed for
insolvency on Friday, a move that could give top rivals
Heidelberger Druck and Koenig & Bauer more
market share.

Bears see Heidelberg’s own troubles being too deep and its
business too far from Manroland’s for it to benefit. Bulls,
however, see Heidelberg achieving better prices and increasing
market share.

Nov 14, 2011

Hochtief hit by Greek toll dodging

FRANKFURT, Nov 14 (Reuters) – German construction
group Hochtief revealed it may have to write down the
value of its road contracts in Greece due to mass toll dodging.

The news accompanied a gloomy outlook for 2012 and a warning
that the group might post a loss this year if it fails to sell
its airport business on schedule.

Nov 10, 2011

German state bank to buy EADS stake from Daimler

FRANKFURT/BERLIN (Reuters) – German state-controlled development bank KfW will buy a 7.5 percent stake in Airbus parent EADS (EAD.PA: Quote, Profile, Research, Stock Buzz) from Daimler AG (DAIGn.DE: Quote, Profile, Research, Stock Buzz), maintaining a Franco-German balance of influence over the aerospace company.

The agreement on EADS comes after months of negotiations with the German government, during which Daimler urged Berlin to find a solution so it could focus on its core car and truck businesses and reduce the drag on earnings from EADS.

Nov 9, 2011

Deutsche Post hikes outlook as Asia demand buoys Q3

FRANKFURT, Nov 9 (Reuters) – Deutsche Post DHL
raised its 2011 outlook after robust Asian demand helped it beat
expectations for the third quarter, marking a bright spot in an
industry battered by soaring costs and a weakening global
economy.

“We are not ignoring the possibility that the economic
environment could get rougher, especially in developed
countries,” Chief Executive Frank Appel said in a statement.

Nov 3, 2011

BMW Q3 beats forecasts on robust Chinese demand

FRANKFURT (Reuters) – German premium carmaker BMW’s (BMWG.DE: Quote, Profile, Research, Stock Buzz) third-quarter earnings surpassed expectations and outperformed rival Mercedes-Benz (DAIGn.DE: Quote, Profile, Research, Stock Buzz), bolstered by robust growth in China and demand for its 5-Series sedan.

“The Chinese market is still strong in our segment,” Chief Financial Officer Friedrich Eichiner told journalists on a conference call on Thursday.

Oct 27, 2011

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FRANKFURT, Oct 27 (Reuters) – Daimler (DAIGn.DE: Quote, Profile, Research, Stock Buzz) and
Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) reinforced the gloomy outlook
for Europe’s vehicle industry on Thursday, revealing weak sales
of premium cars and downbeat demand outlooks that overshadowed
some robust truck sales data.

The warnings fit with the signals coming from other car and
truck makers, which have benefited since the industry’s
2008-2009 crisis from robust demand in emerging markets
including Brazil and China, but now warn the outlook for Europe,
beset by sovereign debt woes, is increasingly gloomy.

Oct 27, 2011

Economic gloom curbs Lufthansa growth plan

FRANKFURT, Oct 27 (Reuters) – Deutsche Lufthansa
slashed its plans to expand capacity next year, signalling dim
prospects for a recovery of the air travel industry.

“The outlook for the world economy has become much gloomier
over the course of the year,” Europe’s biggest airline by market
value said on Thursday as it published weaker than expected
third-quarter results.

Oct 27, 2011

Daimler feels chill of Europe car slowdown

FRANKFURT (Reuters) – Germany’s Daimler (DAIGn.DE: Quote, Profile, Research, Stock Buzz) reported weaker than expected quarterly operating profit as premium car sales were hit by the economic downturn, while better news in the truck sector, for Daimler and its peers, showed predicted slowing demand had not yet arrived.

Car and truck makers, which have benefited from robust demand in emerging markets including Brazil and China, have warned the outlook for Europe, beset by sovereign debt woes, is gloomy, with sales set to falter.

Oct 26, 2011

Daimler, Volkswagen seen on bumpy road in Q3

FRANKFURT, Oct 27 (Reuters) – Daimler (DAIGn.DE: Quote, Profile, Research, Stock Buzz) and
Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) are expected to show that the road became
more bumpy in the third quarter, strewn with weak economic
growth and soaring raw material costs.

Thomson Reuters StarMine, which gives more weight to analysts
whose estimates have historically been more accurate, predicts
that both will fall short of consensus for operating profit,
when they report third-quarter results on Thursday.