University Of Duisburg-Essen News
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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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Jay-Z and Kanye West made it clear in their video for the song Otis that Daimler AG’s ultra-luxury Maybach brand would be better off in a different form.
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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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German carmakers will sell 41 percent more vehicles in the U.S. by 2015, Handelsblatt reported, citing a report by the University of Duisburg-Essen’s Center for Automotive Research.
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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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Ferdinand Piech, who has added six brands during his two-decade tenure leading Volkswagen AG, is about to add another with the purchase of Ducati Motor Holding SpA. This time he risks overreaching.
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Hindalco Industries Ltd., the world’s biggest supplier of aluminum to carmakers, may double group sales to $33 billion in five years as Audi AG and other European carmakers swap steel with the lightweight metal.
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For ways to revive the flagging European economy, the case of Duisburg shows why Germany thinks it holds the blueprint.
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Aston Martin, the British luxury-car maker controlled by Investment Dar Co., is in “advanced” talks to sell new shares to investors to boost funding for future development.
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