FRANKFURT (Reuters) – Daimler posted robust quarterly results that underwhelmed investors whose expectations had been inflated by recent stellar reports by peers such as Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) and truck maker Volvo (VOLVb.ST: Quote, Profile, Research, Stock Buzz).
Shares of Daimler slid to the bottom of the German blue-chip index .GDAXI as well as the STOXX Europe 600 Automobiles & Parts index, trading 2.1 percent lower at 51.97 euros at 0829 GMT.
FRANKFURT, April 27 (Reuters) – Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz),
Europe’s largest carmaker, tore through quarterly earnings
forecasts with emerging markets fuelling a sharp rise in sales
and taking it closer to its goal of overtaking Toyota (7203.T: Quote, Profile, Research, Stock Buzz).
Carmakers have turned to booming markets such as Brazil,
Russia and China — now the world’s largest auto market — for
growth as European markets stagnate.
FRANKFURT, March 25 (Reuters) – European carmakers face
production cuts and a squeeze on profits if difficulties persist
in sourcing car parts from Japan, with some analysts saying they
could lose up to 2.4 billion euros ($3.4 billion) of annual
Some companies in Europe have already started cutting
production as problems mount at Japanese parts makers, hit by
the effects of the devastating earthquake and tsunami, in turn
hampering carmakers and suppliers around the world.
FRANKFURT (Reuters) – Hilton Worldwide Chief Executive Chris Nassetta said the hotel operator was not rushing to go public and would concentrate for now on expanding in fast-growing markets in Europe, Asia and Latin America.
“(An initial public offering) is certainly something we will consider at some point,” he told Reuters in an interview on Wednesday.
FRANKFURT/BERLIN (Reuters) – Travel companies warned on Wednesday that rising oil prices could hurt demand and squeeze margins in an industry already battling fierce competition, severe weather and political risk.
Starwood Hotels Chief Executive Frits van Paasschen told Reuters that he had not yet seen any effect on demand but warned that a continued rise could pose problems.
FRANKFURT (Reuters) – Deutsche Lufthansa announced a bigger than expected 2010 dividend after a one-time tax effect and steady economic recovery boosted its bottom line, sending its shares higher.
Germany’s flagship carrier said on Wednesday it would propose paying shareholders a dividend of 0.60 euros per share, almost 40 percent more than the Thomson Reuters I/B/E/S consensus of 0.43 euros, after paying none a year earlier.
FRANKFURT/BERLIN (Reuters) – The gunman who shot dead two U.S. airmen in a U.S. Army bus at Frankfurt airport on Wednesday was probably a lone operator motivated by radical Islamist beliefs, German authorities said Thursday.
German media had reported the man could be part of a terrorist cell, raising the potential threat of further attacks on U.S. targets in Germany.
FRANKFURT (Reuters) – Governments started arranging for planes on Sunday to bring home citizens stuck in Egypt, where violent protests of the rule of President Hosni Mubarak have given way in some parts of Cairo to looting.
The United States and Turkey offered to evacuate citizens wanting to leave and major airlines including Lufthansa and Air India said they would send additional planes to Cairo and Alexandria.
FRANKFURT (Reuters) – The United States and Turkey offered on Sunday to evacuate citizens wanting to leave Egypt, where violent protests against the rule of President Hosni Mubarak have given way in some parts of Cairo to looting.
Major airlines including Lufthansa and Air India said they would dispatch additional planes to Cairo and Alexandria, and the Greek foreign ministry said at least two Greek military aircraft were on standby to bring home citizens.
FRANKFURT (Reuters) – European tour operators and airlines canceled trips to Cairo as angry protesters took to the streets, dealing a blow to a tourism industry that provides about one in eight jobs in the country.
Mass protests have raged in Egyptian cities in the past five days against President Hosni Mubarak’s 30-year rule, and at least 74 people have been killed. Police and the army have turned out in force to quell the demonstrations.