|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||87.00 - 88.46|
|52 Week Range||77.07 - 97.50|
|PE Ratio (TTM)||7.57|
|Earnings Date||May 4, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||93.69|
FRANKFURT/BERLIN, Feb 19 (Reuters) - A court will decide on Thursday whether German cities can ban heavily polluting cars, potentially wiping hundreds of millions of euros off the value of diesel cars on the country's roads. Environmental group DUH has sued Stuttgart in Germany's carmaking heartland, and Duesseldorf over levels of particulate matter exceeding European Union limits after Volkswagen's 2015 admission to cheating diesel exhaust tests. The scandal led politicians across the world to scrutinise diesel emissions, which contain the matter and nitrogen oxide (NOx) and are known to cause respiratory disease.
An eye-catching proposal to trial free public transport in some German cities as a means of cutting emissions from dirty private cars is not intended as a substitute for efforts to clean up cars already on the road, a government spokesman said. Under pressure from the European Commission, which is threatening to penalise member states that breach EU rules on pollutant emissions, Germany has proposed a series of interim measures, also including low emissions zones.
Moody's Investors Service has upgraded the rating of the Class B Notes of Bavarian Sky China 2017-2 Trust. The affected rating is as follows: Issuer: Bavarian Sky China 2017-2 Trust ....RMB420,000,000 ...
BEIJING/SHANGHAI, Feb 7 (Reuters) - Chinese ride-hailing giant Didi Chuxing is setting up an electric car sharing service with 12 automakers, including BYD Co Ltd, local partners of Ford Motor Co and the Renault-Nissan-Mitsubishi alliance. Didi, which bought out Uber's China business in 2016, said in a statement on Wednesday it would build an "open new energy car-sharing system" that would allow members to use vehicles on demand through an app-based system. Car sharing, along with pay-per-use models and ride-hailing, is shaking up the traditional auto industry model that is based on individual ownership, even as the market makes the seismic shift towards electric and hybrid vehicles.
A hard-fought deal on pay and working hours for industrial employees in southwestern Germany sets a benchmark for millions of workers across Europe's largest economy and heralds wage growth in the coming years. The agreement between labour union IG Metall and the Suedwestmetall employers' federation, struck overnight, foresees a 4.3 percent pay raise from April and other payments spread over 27 months.
German industrial workers and employers made progress in talks on Monday after a series of 24-hour strikes over pay and working hours and said they hoped to clinch a deal at another meeting in the evening. The IG Metall labour union has demanded a 6 percent pay rise this year for about 3.9 million workers. "There's a difference but in our view it is bridgeable," said Stefan Wolf, a spokesman for the Suedwestmetall regional employers federation that covers southwestern Germany.
Industrial workers and employers in Germany planned on Monday to resume talks after a series of 24-hour strikes over pay and working hours last week, the IG Metall labour union said. IG Metall has threatened ...
Those forever uncool motorcycles your dad’s friends rode on weekends—complete with ‘practical’ saddlebags—are finally having their moment.
Car factories across Germany were at a standstill on Friday as industrial workers staged a third day of 24-hour strikes, focusing on plants owned by Mercedes-Benz, Porsche, Audi and BMW . The full-day walkouts, due to end late on Friday, are IG Metall's last warning shot before votes are cast on whether to take extended industrial action that could cost German companies hundreds of millions of euros in lost production.
Negotiators agreeing the terms of a new coalition between German Chancellor Angela Merkel's conservatives and the Social Democrats said in a working paper seen by Reuters on Friday they wanted to foster ...
Germany's would-be coalition partners agreed on Friday on an environmental policy in which cars with excess emissions would be refitted rather than taken off the road. In a coalition paper seen by Reuters, ...
Waymo, the self-driving arm of Alphabet Inc, is out ahead of rivals based on a key measure of autonomous driving performance, according to a report released on Wednesday by the California Department of Motor Vehicles. California requires automakers, technology companies and startups that test their self-driving vehicles on public roads to provide an annual compilation of miles traveled in autonomous mode and the number of "disengagements." Disengagements occur when the self-driving system is deactivated with control handed back to humans because of a system failure or a traffic, weather or road situation that required human intervention.
Moody's Investors Service says, despite continued weakness in global car sales, key European automakers -- including BMW AG, Daimler AG, Peugeot S.A., Volvo Car AB and Aston Martin Holdings (UK) Limited ...
Ride-hailing firm Uber on Tuesday said it would sell vehicles and the existing lease portfolio of its auto-leasing business Xchange Leasing to startup digital car marketplace Fair. The companies did not disclose financial terms. "We bought every car in the portfolio that is subject to an active lease agreement," a Fair spokesperson said.
Byton, the Chinese electric-car startup founded by former BMW AG executives, is seeking about $400 million in a new round of funding, people with knowledge of the matter said.
BMW AG is betting an overhauled 5 Series sedan and new X2 crossover will boost sales this year as the world’s second-biggest luxury carmaker works on its pledge to retake the global lead from Mercedes-Benz....
BMW is optimistic Washington's drive to renegotiate the North American Free Trade Agreement (NAFTA) will result in a deal that benefits the German carmaker, it said on Monday. "BMW is supporting free trade on a global basis. Canada last week welcomed U.S. President Donald Trump's suggestion that talks to modernise NAFTA could be extended beyond the end-March deadline, a move which might help break a deadlock at the negotiations.
Workers at carmakers Audi and BMW staged further strikes on Friday but German labour leaders and employers are aiming for a deal on wages and working hours by early February, representatives of both sides told Reuters. Some 160,000 workers had already joined industrial action this week to support IG Metall's wage claims and the union has threatened to call for 24-hour walkouts if talks fail to make progress.
German labour bosses and industrial employers agreed on Thursday to appoint experts to look into demands for shorter hours at regional wage talks, amid warning strikes and the threat of wider walkouts that could halt output at hundreds of companies. Emboldened by robust German economic growth and record low joblessness, the powerful IG Metall union is demanding 6 percent more pay for 3.9 million metals and engineering workers. It has also embarked on its first major campaign for shorter working hours in more than three decades, demanding that workers gain the right to reduce their weekly hours to 28 from 35 to care for children or elderly or sick relatives and then return to full-time employment after two years.
Germany's would-be coalition partners said in a draft paper drawn up by a working group that Germany needed cleaner, more efficient combustion engines, including possible hardware modifications, to protect the climate and preserve clean air. A big challenge in talks between Chancellor Angela Merkel's conservatives and the centre-left Social Democrats (SPD) is to find a way to mend the battered reputation of Germany's mighty car industry after a diesel scandal and meet climate targets. This would require a range of measures, including support for electric vehicles and "more efficient and cleaner combustion engines including refits" said the paper.
German industrial workers widened industrial action on Tuesday, with nearly 60,000 staff at 280 metals and engineering companies downing their tools in support of wage claims by union IG Metall. Ahead of a round of regional negotiations due to begin on Thursday, employers have so far offered 2 percent plus a one-off 200 euro ($240) payment in the first quarter and rejected demands for shorter hours. In the state of North Rhine-Westphalia alone, the industrial heartland of Germany, workers at 140 companies including Siemens and Thyssenkrupp staged walkouts and marched outside factory gates carrying banners.