german

U.S. extends BMW deadline to get replacement air bag inflators

BMW AG will get five more months to acquire Takata air bag replacement parts for a massive recall because tests showed some of the substitute inflators may also be defective, the U.S. auto safety agency said on Thursday. The deadline for the German automaker was extended to Aug. 31 because a replacement driver-side air bag inflator made by a supplier other than Takata failed during testing

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U.S. extends BMW deadline to get replacement air bag inflators

german

Turning to frack tech, stricken U.S. oil drillers test new limits

Top U.S. shale producers are pushing fracking technology to new extremes to get more oil out of their wells, as they weather lower-for-longer oil prices. While the impact of the techniques may be scarcely noticeable on current U.S. output with so few wells in operation, it could mean drillers are able to accelerate production more fiercely than ever once prices recover. The hunt for the…

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Turning to frack tech, stricken U.S. oil drillers test new limits

german

Ex-employee sues VW in U.S. over data deletion: German media reports

A former employee of Volkswagen's U.S. subsidiary is suing the company for damages, claiming he was unlawfully fired after flagging internally what he alleged was illegal deletion of data, a group of German media outlets said on Sunday. The former employee at Volkswagen Group of America's data processing center in …

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Ex-employee sues VW in U.S. over data deletion: German media reports

german

Prolonged oil slump sparks second wave of cuts to 2016 budgets

Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly

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Prolonged oil slump sparks second wave of cuts to 2016 budgets

german

Volkswagen to offer generous compensation for U.S. customers: paper

Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg told Frankfurter Allgemeine Sonntagszeitung. Volkswagen in December asked Feinberg — who earlier headed the compensation funds for the…

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Volkswagen to offer generous compensation for U.S. customers: paper

german

Facing U.S. storm, VW set for easier ride in Europe on emissions scandal

By Barbara Lewis and Kirstin Ridley BRUSSELS/LONDON (Reuters) – Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU sources and legal experts say. The carmaker has been embroiled in crisis since last September, when it admitted it …

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Facing U.S. storm, VW set for easier ride in Europe on emissions scandal

german

Adidas not facing shareholder pressure to sell Reebok: FT

Adidas is not facing pressure from activist shareholders to offload more assets, like fitness brand Reebok, the German sporting goods group's finance chief told the Financial Times. “I've never had a conversation where anyone has given me any pressure about anything,” the FT quoted Robin Stalker as saying in an interview …

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Adidas not facing shareholder pressure to sell Reebok: FT

german

Lufthansa cabin crew union says pay talks have failed

Talks between Lufthansa and its main cabin crew union have failed, the union said on Saturday, raising the prospect of more strikes at the German carrier. Lufthansa is in talks with various staff groups as it seeks to cut costs in order to compete better with low cost carriers and Gulf rivals. A long-running dispute with its pilots over pay and conditions has already resulted in more than a dozen strikes over a period of 18 months.

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Lufthansa cabin crew union says pay talks have failed

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