Tag: subsidiary
Telekom makes 80 percent more profit thanks to US subsidiary T-Mobile US
Telekom logo in Bonn “Our business continues to grow,” said company boss Tim Höttges. (Photo: IMAGO/Marc John) Frankfurt Continued strong business from the US subsidiary T-Mobile and positive exchange rate…
Polish subsidiary charged Commerzbank – profit halved
Frankfurt Write-downs at the Polish subsidiary mBank halved Commerzbank’s profit in the third quarter. Net profit fell by 52 percent to 195 million euros, as the second largest German financial…
Volkswagen sells car-sharing subsidiary Weshare
Dusseldorf Volkswagen is selling its car-sharing provider Weshare. The Wolfsburg-based group announced this on Tuesday. The buyer is the manufacturer-independent car sharing company Miles Mobility. Neither side gave any financial…
Fresenius drops profit forecast due to problems at subsidiary FMC
Fresenius Problems at the Fresenius Medical Care subsidiary in North America have resulted in a profit warning for the health care group. (Photo: Fresenius) The difficult US business burdens the…
IPO of Intel’s autonomous driving subsidiary
Munich Sales are shrinking and the numbers are deep in the red: things are not going well for Intel boss Pat Gelsinger. At least with the IPO of the subsidiary…
DWS & Greenwashing: Consumer advice center sues Deutsche Bank fund subsidiary
Frankfurt New legal trouble for DWS: The consumer advice center in Baden-Württemberg has filed a lawsuit against the fund subsidiary of Deutsche Bank with the Frankfurt Regional Court. With the…
The majority of the board of directors of the VW subsidiary buys its own shares
Porsche IPO in Frankfurt The entire Porsche board of directors at the IPO in Frankfurt: Most of the top managers from the senior management team trust their own shares and…
Cupra should secure the future of the VW subsidiary
Production of the Cupra Formentor in Martorell The VW Group has put the total costs for the conversion and expansion of electrical production in Spain at around ten billion euros.…
EnBW is looking for an investor for the electricity grid subsidiary TransnetBW
EnBW sign The energy company is looking for an investor to be able to finance the billions in investments in its power grid. (Photo: dpa) Frankfurt Germany’s third-largest electricity provider,…
Cupra should secure the future of the VW subsidiary
Production of the Cupra Formentor in Martorell The VW Group has put the total costs for the conversion and expansion of electrical production in Spain at around ten billion euros.…
Siemens Energy boss Bruch wants to take more action at the crisis subsidiary Gamesa
Munich At Siemens Energy, the pressure from investors and the supervisory board is growing on CEO Christian Bruch to finally turn around the problem subsidiary Gamesa. According to corporate circles,…
Pilots strike Lufthansa subsidiary Eurowings on Thursday
Eurowings The union Cockpit said the workload had increased significantly. (Photo: dpa) Berlin The pilots’ union VC has announced a 24-hour strike at the Lufthansa subsidiary Eurowings for Thursday. The…
Intel launches IPO of auto subsidiary Mobileye
Santa Clara The chip company Intel has officially launched the IPO of its robot car subsidiary Mobileye. Mobileye published the stock exchange prospectus with the US supervisory authority SEC on…
FTX’s US Subsidiary FTX.US Restructuring: Changing CEO and Head Office
Bahamas-based cryptocurrency exchange FTX has announced that it will now relocate its headquarters from Chicago to Miami following the dismissal of the chairman of the exchange’s US subsidiary, FTX.US. CEO…
The Polish subsidiary M-Bank keeps the result again.
Commerzbank For the major German bank, the Polish subsidiary mBank is again a burden. (Photo: Reuters) Berlin Commerzbank has to digest high burdens again at its Polish subsidiary M-Bank. As…
VW subsidiary MAN plans to enter the electric truck business in 2024
Munich The truck manufacturer MAN is aligning its future with the electric truck. “From 2024 we are ready to go into larger quantities. We assume that in 2030 half of…
Deutsche Bahn subsidiary Schenker is apparently to be sold
DB Schenker The logistics company could be separated from Deutsche Bahn. (Photo: dpa) Berlin According to insiders, after a long struggle, the federal government has decided to sell the international…
BMW and Mercedes subsidiary wants to simplify charging
First ultra-fast charging stations on the A20 DCS simplifies the charging of electric cars. Ionity charging stations of the joint venture participants would not be preferred. (Photo: dpa) Dusseldorf It…
VW subsidiary reports record profit – but sells fewer cars
Audi factory in Ingolstadt At Audi, slightly fewer vehicles roll off the assembly line – but the prices per unit are significantly higher. (Photo: Audi) Dusseldorf Germany’s premium manufacturers are…
Lack of staff and inflation – Fresenius and subsidiary FMC lower the forecast
Fresenius headquarters The healthcare group and its dialysis subsidiary Fresenius Medical Care are lowering their annual targets for the second year in a row. (Photo: dpa) Frankfurt A lack of…