Daimler AG will skip traditional summer breaks at most of its car factories with models like the revamped Mercedes-Benz E-Class keeping assembly lines busy even as European auto demand slides to a 20-year low.
European cocoa-bean processing may have been bigger than reported in the third quarter because Fuchs & Hoffmann GmbH, a grinder in Germany that provided no figures for the period, was processing at full capacity.
With the yen weakening and Europe’s debt crisis spreading, Volkswagen AG and its German peers are planning to spend more than $25 billion by 2017 to expand production outside their home region and insulate themselves from currency convulsions.
Volkswagen AG Chief Executive Officer Martin Winterkorn cut short his visit to the North American International Auto Show in frigid Detroit this week to head to balmy Mexico. He didn’t go for the weather.