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Germans buying cars despite recession
Jobs

Germans buying cars despite recession

<b>Thanks to a government programme designed to stimulate new car sales and deeper discounts, one in seven Germans plans to buy a new car this year, <i>Bild am Sonntag</i> reported.</b>
VW idles 92,000 as BMW cuts production
Jobs

VW idles 92,000 as BMW cuts production

Europe's leading carmaker Volkswagen said on Tuesday it would idle about two thirds of its 92,000 German workforce for one week next month as it cuts production amid an economic slump.
CDU trounces SPD in Hesse state poll
Frankfurt

CDU trounces SPD in Hesse state poll

German Chancellor Angela Merkel's conservative Christian Democrats (CDU) trounced the centre-left Social Democrats (SPD) in a state poll in Hesse on Sunday – one year after an inclusive election plunged the state into political turmoil.
Daimler denies interest in Volvo
Economy

Daimler denies interest in Volvo

According to the latest edition of the weekly <i>Der Spiegel</i>, German car giant Daimler recently decided not to buy Swedish-based Volvo Cars from ailing US manufacturers Ford, but Daimler has now denied it was ever interested.
Germany falls into recession
Economy

Germany falls into recession

Germany has officially fallen into recession after the Federal Statistics Office (Destatis) on Thursday reported Europe's largest economy contracted in the third quarter.
German leaders congratulate Obama
US

German leaders congratulate Obama

German leaders on Wednesday congratulated Barack Obama on his historic election victory and said America could rely on Germany as the two countries tackled global challenges together.
Deutsche Bahn to recall part of ICE train fleet
Transport

Deutsche Bahn to recall part of ICE train fleet

German national railway operator Deutsche Bahn plans to recall part of its high-speed ICE train fleet this Saturday because the manufacturers have not provided reliable guarantees for axles which have caused concern since a derailment in Cologne this July and another in Hamburg this week.
Germany passes €480-billion bailout
Economy

Germany passes €480-billion bailout

Germany's €480-billion ($650-billion) bank bailout flew through parliament in an historic fast-track vote on Friday to restore shattered confidence in the crisis-ridden financial sector.