China's Geely takes stake in German 'flying taxi' firm Volocopter

[ad_1] German “flying taxi” developer Volocopter said Monday it had raised 50 million euros ($55.1 million) from investors including automaker Geely, risking a revived debate about Chinese investments in EU firms. “The new funds will be used towards bringing the VoloCity aircraft to commercial launch within the next three years,” Volocopter said in a statement. […]

Stripped-back auto show mirrors German car industry gloom

[ad_1] Major foreign carmakers are shunning Frankfurt’s International Auto Show this year, but climate protestors plan to attend Frankfurt’s biennial International Auto Show (IAA) opens its doors to the public Thursday, but major foreign carmakers are staying away while climate demonstrators march outside—forming a microcosm of the industry’s woes. “There have never been so many […]

Angry residents send German wind industry spinning

[ad_1] Germany’s wind power industry has lost momentum and still remains behind coal as a source of electricity Wind power is a key pillar in Germany’s ambitious renewables transition plan, but the sector has struck strong resistance, forcing the Chancellor Angela Merkel’s government to open talks on the crisis on Thursday. After years of breakneck […]

German army seeks out gamers in hunt for computer-savvy recruits

[ad_1] Among countless stands of car manufacturers, software developers and engineering universities at Cologne’s video games convention, the sight of fatigue-clad soldiers manning the German military’s brightly-lit stall draws in the curious. With a stand boasting a helicopter simulator and ultra-fast games, the Bundeswehr, Germany’s army, has turned to the Gamescom fair in its bid […]

German car sales higher in July

[ad_1] Car sales surged in Germany last month The car market in Europe’s largest economy Germany grew strongly in July, official data showed Friday, but figures for the year to date show sales barely beating 2018 levels. At almost 333,000, car sales in July were up 4.7 percent year-on-year, road transport authority KBA said in […]

VW diesel scandal cost German carmakers plenty

[ad_1] Credit: CC0 Public Domain The Volkswagen diesel emissions scandal pulled down sales for other German car companies by about 105,000 vehicles worth $5.2 billion in 2016, according to a study that looked at how much collective reputation matters. German automakers routinely touted “German engineering” in their U.S. advertising and marketing, which helped to create […]

German prosecutors charge former Audi boss with fraud over 'dieselgate'

[ad_1] Volkswagen has so far been hit with over 30 billion euros of costs relating to dieselgate German prosecutors said Wednesday they had charged former Audi chief executive Rupert Stadler with fraud over the Volkswagen subsidiary’s role in the “dieselgate” emissions cheating scandal. “Professor Rupert Stadler and three other defendants… are accused of fraud, falsifying […]