Ferdinand Dudenhoeffer News
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Slowing inflation is giving central bankers scope to provide the world economy with more liquidity and lower interest rates for longer, all in the name of price stability.
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Even as car sales across Europe have plummeted in recent years, automakers could count on Germans to buy with little discounting. Now, at least one dealer is resorting to Groupon Inc. coupons to boost sales.
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As General Motors Co. Vice Chairman Steve Girsky took a new assignment last year to stem more than a decade of losses in Europe, a colleague gave him a Latin phrase that translates as “I shall either find a way or make one.”
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Europe’s car market faces five very tough years, Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg-Essen, told the Passauer Neue Presse newspaper.
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Bayerische Motoren Werke AG , the world’s biggest maker of luxury cars, made less money in the third quarter on its cars than Volkswagen AG’s Audi and Daimler AG’s Mercedes-Benz even as the revamped 5-Series boosted profit.
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Volkswagen AG ’s goal to surpass Toyota Motor Corp. in sales and profitability by turning out more models and building cars on shared underbodies is stoking unwanted competition among its own brands.
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Saab Automobile is raising fresh hopes in its Swedish hometown as the mothballed brand gears up for another revival, more than a year after it went bankrupt.
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Konrad Goretzka drops his son Leon off for training at German soccer club VfL Bochum most mornings before driving two miles to the Opel car factory where he has worked as an electrician for more than three decades.
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European car deliveries headed for their biggest annual plunge in 19 years after the region’s deliveries tumbled 11 percent in September.
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European car sales fell at the slowest rate in eight months as price cuts by Volkswagen AG and Renault SA helped counter the effects of the region’s sovereign- debt crisis and unemployment.
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