European aerospace giant EADS, the maker of Airbus aircraft, announced plans on Monday to cut 2,600 jobs in Germany as part of widespread cuts to its defence sector.
EADS, the maker of Airbus, is set to announce a draconian restructuring plan to unions on Monday that may include thousands of job cuts and strain relations with shareholders Germany and France.
German auto giant Daimler and French conglomerate Lagardere have been sent for trial in France for alleged insider trading in the sale of shares in aerospace and defence group EADS.
German automaker Daimler announced on Wednesday that its profits doubled in the second quarter, propelled in no small part by one-off gains from the sale of its stake in aerospace giant EADS.
German car manufacturer Daimler said Wednesday it pocketed €2.2 billion ($2.9 billion) from the sale of its remaining 7.5-percent stake in the European aerospace and defence group EADS.
In the latest instalment of My German Career, The Local spoke with French corporate communications expert Sonia Sassi about mastering the language and the German work philosophy.
The European Aeronautic Defence and Space Company (EADS), which owns plane maker Airbus, has unveiled a deal to restructure shareholdings meant to reduce the role of France and Germany but preserve their strategic interests.
Authorities raided offices and homes across Germany associated with European aerospace giant EADS, on Tuesday, as a decade-long investigation into bribery and corruption within the company reached a new high.
Germany was under fire, the European aerospace industry in search of a new future, and EU credibility undermined on Thursday with the failure of a merger by EADS and BAE Systems.
A merger to create the biggest aerospace and defence group in the world from EADS and BAE Systems collapsed on Wednesday, brought down by unexpectedly strong opposition from Germany.
Talks to merge European aerospace groups EADS, which is partly German-run, and British BAE Systems to create the world's biggest aviation group collapsed on Tuesday, after France and the UK could not come to an agreement.
Germany has set out its demands over the proposal to create a merged BAE-EADS aerospace giant, insisting on a parity of power with France, Friday’s <i>Die Welt</i> newspaper reported.
European aerospace giants EADS and BAE have less than a month from Thursday to clear big hurdles to a projected $45 billion merger and create a united front against US arch-rival Boeing.
Carmaker Daimler is to transfer a 7.5-percent stake in European aerospace and defence giant EADS to Germany's state-owned bank KfW, the Economy Ministry announced on Thursday.
Germany and France are reportedly considering a military ship-building alliance, an "EADS of the Seas," that could resemble their current arrangement for military aircraft.
Germany would prefer a private solution to state intervention if automaker Daimler wants to sell part of its stake in the European aerospace and defence group EADS, Economy Minister Rainer Brüderle said Wednesday.
Automaker Daimler wants to sell half of its remaining 15 percent stake in the aerospace and defence group EADS to the German government, the <i>Financial Times Deutschland</i> said Thursday.
German Defence Minister Karl-Theodor zu Guttenberg on Thursday said he intended to take a training flight in a Eurofighter jet this year. He justified his plan by saying he may one day have to authorize a mission using the attack aircraft.
French judges have charged the German auto giant Daimler in an insider trading scandal centring on the European defence group EADS, a judicial official said Thursday.
European aerospace firm EADS will present the world’s first airplane that runs only on algae fuel next week at the ILA Berlin Air Show, the company’s technical director said on Friday.
The German Defence Ministry on Tuesday slammed "serious defects" in the Tiger attack helicopter that were keeping them from being deployed in combat operations in Afghanistan.
The German head of the European plane maker Airbus on Tuesday accused the US government of partiality in its tender for military tankers after Airbus and US partner Northrop Grumman threw in the towel.
After an arduous negotiation process in Berlin, Germany and six other European nations finally struck a deal with EADS late on Friday for completing the development of the Airbus A400M military transport plane.
Talks in Berlin on the troubled Airbus A400M military transport plane ended without a breakthrough on Friday but the parties still aim to reach an agreement by January 31, Germany said.
