Continental AG restructures, prepares Powertrain for 2019 IPO

Jul 18 2018

German auto supplier Continental (CONG.DE) on Wednesday said it will list its Powertrain unit as early as mid-2019 as part of a broader restructuring in response to far-reaching shifts in the auto industry towards electric and self-driving technologies.

SAP sales software pitch gets high marks, execution now key

Jul 18 2018

SAP’s late push into fast-growing sales and marketing software has won Europe’s most valuable technology company plaudits from industry analysts.

HCL Tech, Sumeru Equity Partners complete $330 mn acquisition of Actian Corporation

Jul 18 2018

IT firm HCL Technologies today said it has completed the USD 330-million acquisition of US-based Actian Corporation in partnership with Sumeru Equity Partners (SEP).

Keep ThyssenKrupp whole, German minister urges

Jul 18 2018

German Labour Minister Hubertus Heil said he was increasingly concerned about the situation at submarines-to-elevators conglomerate ThyssenKrupp (TKAG.DE) after it lost its top officials under pressure from shareholders to restructure.

Stocks hit one-month high, dollar puts squeeze on gold

Jul 18 2018

World stocks hit a one-month high on Wednesday as a bullish outlook from the head of the U.S. central bank and rising company earnings buoyed the mood, lifted the dollar and sent safe-haven gold to a one-year trough.

BMW Motorrad forays into sub-500 cc segment in India

Jul 18 2018

BMW Motorrad, the premium motorcycle arm of German luxury car maker BMW Group, today forayed into sub-500 cc segment in India with the launch of two bikes -- G310R and G310 GS- priced up to Rs 3.49 lakh.

Thyssenkrupp leadership vacuum revives restructuring hopes

Jul 17 2018

Thyssenkrupp (TKAG.DE) shares were indicated 3.4 percent higher early as analysts expect a deeper restructuring of the German submarines-to-elevators conglomerate after the resignation of its chairman.

Western Europe car sales up 5.1 percent in June: ACEA

Jul 17 2018

Car sales in Western Europe rose 5.1 percent in June and reached their highest ever level in the European Union as strong sales in Germany, France and Spain helped offset a slump in demand in Britain and Italy, industry data showed.

Adidas to use only recycled plastic by 2024

Jul 17 2018

Global sportswear maker Adidas announced that it has committed to using only recycled plastic by 2024.

China's CATL to get $420 million upfront from BMW-Brilliance battery deal

Jul 17 2018

China’s CATL said it will receive a 2.8 billion yuan prepayment from a long-term contract to supply batteries to BMW Brilliance, a joint venture between Germany’s BMW and Brilliance China Automotive Holdings.

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