ROUNDUP: Porsche starts the year with a drop in sales and profits

STUTTGART - The sports and off-road vehicle manufacturer Porsche has made a significantly weaker start to the new year due to the renewal of several models. Turnover from January to March fell by more than a tenth year-on-year to 9.01 billion euros, as the company announced in Stuttgart on Friday. At 1.28 billion euros, the consolidated operating result was around 30 percent below the previous year's figure. Analysts had previously expected the decline to be lower on average.

Postbank purchase could cost Deutsche Bank a further 1.3 billion euros

FRANKFURT - The takeover of Postbank could have expensive repercussions for Deutsche Bank. In the dispute with former shareholders of the acquired institution about the appropriateness of the takeover price, the Higher Regional Court in Cologne indicated this Friday that it could find parts of these claims to be justified in a later decision, the Frankfurt-based company announced late this evening. The company continues to strongly disagree with such an assessment. Nevertheless, the court's statements influenced the assessment of the probability of a future payment by the bank.

US judiciary closes diesel investigation against Mercedes-Benz

STUTTGART - Mercedes-Benz avoids criminal charges in the USA in the diesel scandal. The US Department of Justice (DOJ) has dropped its investigation, the Swabian automotive group confirmed on Saturday, according to a report in the "Handelsblatt" newspaper. The brief DOJ letter is also available to Deutsche Presse-Agentur. Mercedes-Benz had been accused of excessive emission values in around 250,000 diesel cars.

US union pushes through income increase at Daimler Truck

GASTONIA - The U.S. union UAW has secured significant wage increases for workers at commercial vehicle manufacturer Daimler Truck in North Carolina. The agreement provides for an income increase of 25 percent over four years, said UAW head Shawn Fain on Friday (local time). The UAW had achieved increases of this magnitude last year at the US auto giants General Motors, Ford and Stellantis after weeks of strike action.

'Wiwo': Heidelberger Druck sees increased order intake in the 4th quarter

DÜSSELDORF - According to a press report, the printing press manufacturer Heidelberger Druck is once again more confident about the development of the order situation. "In particular, the order intake in the fourth quarter shows a positive market trend," a company spokesperson said, reported "Wirtschaftswoche" on Sunday. According to current information, incoming orders were higher than in the same quarter of the previous year, the spokesperson said.

'In their own hands': Desastroser BVB hopes for Paris

LEIPZIG - Julian Brandt vented his frustration in the basement of the Leipzig stadium, Edin Terzic wanted to leave as quickly as possible, Sebastian Kehl took the team to task. Borussia Dortmund once again showed its disastrous side in Leipzig and probably gambled away a place in the top four of the Bundesliga. And yet BVB is full of confidence going into the first leg of the Champions League semi-final against Paris Saint-Germain.

Armaments companies found project company for new battle tank system

BERLIN - The defense companies involved in the planned development of an ultra-modern land combat system by Germany and France intend to establish a joint project company. In a statement, the companies KNDS Deutschland (formerly KMW), KNDS France, Rheinmetall AG, Rheinmetall Landsysteme and Thales welcomed the agreement signed on Friday by Defense Minister Boris Pistorius (SPD) and his French counterpart Sébastien Lecornu for the billion-euro armaments project. They spoke of an "essential milestone for the development of a superior land combat system for the armed forces of the future".

US authorities review Tesla's 'Autopilot' system upgrade

WASHINGTON - The US Department of Transportation has launched a new investigation into Tesla's "Autopilot" driver assistance system. It is investigating whether a December Autopilot update is sufficient to address the agency's safety concerns. In an investigation lasting several years, the NHTSA (National Highway Traffic Safety Administration) had come to the conclusion that "Autopilot" made it too easy for drivers to leave control completely to the system, even though they have to keep a constant eye on the traffic situation.

Unrest at Thyssenkrupp Steel: Employees plan protest rally

DUISBURG - Employee representatives from Thyssenkrupp Steel have reacted sharply to the parent company's announcement on Friday that it is to sell a 20 percent stake to the holding company EPCG. The news hit like a bomb, according to a leaflet published by IG Metall on Saturday. "This is a scandal, because CEO Miguel López and Supervisory Board Chairman Siegfried Russwurm have once again circumvented co-determination and thus deliberately offended us."

Galeria Kaufhof continues to shrink - Verdi calls for future concept

ESSEN - The ailing department store group Galeria Karstadt Kaufhof is closing a further 16 of its 92 remaining stores as of August 31 this year. This was announced by insolvency administrator Stefan Denkhaus on Saturday. Berlin, North Rhine-Westphalia and Bavaria are particularly affected by the closures, with three stores each. However, retail experts do not see the closure of further stores as a "liberating blow" for the retail group and have called for a longer-term concept for the future. Otherwise, the creeping decline could continue.


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-WHO: Bird flu risk to public health still low

-DAZN/DFL dispute with warnings, 'defamation' and millions in damages

-Iran wants to release crew of seized MSC container ship

-Corporate CEO survey: over 70 percent fear cyber attack

-Trustee for Signa luxury real estate gets green light from court

-Large estate agent: Price fall for unrenovated houses halted

-Kremlin hands over Russian subsidiary of Bosch to Gazprom

-Two more journalists arrested in Russia

-Significantly more motorhomes in Germany - hotspots in the north and south

-Many measles cases are likely to continue globally in 2024

-Car label to bring more transparency when buying a car

-Economic crisis: Argentinians are eating less and less beef

-Kehl on Ricken's appointment at BVB: disappointed at first

-Kremlin warns West against expropriation of Russian assets

-ROUNDUP: Deaths and severe damage after tornadoes in the USA

-Survey: Many bank customers waive reimbursement of account fees

-Study: Electric cars could shake up car financing

-Stark-Watzinger: Review research cooperation with China°

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