Works council chairman Osterloh: Volkswagen could reach e-car target sooner
WOLFSBURG – The Volkswagen (Volkswagen (VW) vz) group could make faster progress with the construction of e-cars than planned, said works council chief Bernd Osterloh in an interview with the “Welt am Sonntag”.
‘FAZ’: Philips starts selling household appliances business
FRANKFURT – The Dutch medical technology group Philips is getting serious about selling its household appliances business. With Goldman Sachs and JPMorgan, the group had mandated the investment banks to kick off the division, writes the “Frankfurter Allgemeine Zeitung” (FAZ), citing a Philips spokesman.
Berkshire Hathaway sells package of Wells Fargo shares
NEW YORK – Warren Buffett’s Holding Berkshire Hathaway has reduced its stake in Wells Fargo (Wells FargoCo). Berkshire has sold more than 100 million Wells Fargo shares, according to a mandatory announcement. According to the closing price on Friday, the package would be worth just under 2.5 billion US dollars.
Siemens boss Kaeser: I don’t regret most of the tweets
MNCHEN – Siemens CEO Joe Kaeser stands by his tweets about political events. “I don’t regret most of my tweets. That doesn’t necessarily mean that I would do them again,” the 63-year-old told the “Nrnberger Nachrichten” (Saturday). “I think it’s important to position yourself on certain issues. But then you have to live with the consequences.” If one speaks out against racism, it is “quite possible for a majority”. “But you have to be careful because certain groups of voters are also consumers. Now we don’t sell cars or trainers – that makes it easier.”
Roche receives US approval for Gavreto in lung cancer
BASEL (awp) – The Roche subsidiary Genentech has received US approval for the drug Gavreto (pralsetinib). This was given for treatment with the active ingredient in adults with a certain lung cancer, the company announced on Saturday night.
Parisian top minister Le Maire aims for hydrogen alliance with Berlin
PARIS – After the “Airbus (Airbus SE (ex EADS)) of batteries”, France is aiming for a multi-billion dollar collaboration with Germany in hydrogen technology. The powerful economics and finance minister Bruno Le Maire announced on Sunday on CNews that he would travel to Berlin for talks this Friday (September 11th).
Hundreds of thousands called to flee typhoon in Japan
TOKYO – In fear of a massive typhoon, authorities in southern Japan have called on more than a million people to leave their homes and get to safety. As the Japanese television broadcaster NHK reported on Sunday, around 1.7 million people were asked to do so, 730,000 of them in the city of Kumamoto on the south-western main island of Kyushu.
Technology fair IFA 2021 again fully planned
BERLIN – The Berlin technology fair IFA wants to start again at full speed next year. This was announced by Berlin Messe on Saturday at the end of the “IFA 2020 Special Edition”. The technology show, which was shortened to three days, was only open to trade visitors and accredited media representatives this year due to the corona pandemic. According to the exhibition company, 6100 visitors came to the area under the radio tower. In the previous year, almost 250,000 people had visited the IFA. This year, 78,000 virtual visitors came to the trade fair online.
Electricity utilities disagree on the subject of smart meters for everyone
BERLIN – The energy suppliers do not agree on whether they want to equip all households in Germany with an intelligent electricity meter. This is the result of a survey by the “Zeitung fr communal economy” (ZfK) among public utilities and municipalities. According to this, almost 40 percent of the almost 1,600 respondents said they should introduce Internet-connected meters across the board. Around 37 percent are in favor of using the devices known as smart meters only in households with high electricity consumption. The remaining 23 percent have not taken a position on this issue, according to the magazine published by the VKU municipal utilities association.
Daimler sells fewer Mercedes-Benz cars to wholesalers in August
STUTTGART – The Daimler automotive group sold fewer Mercedes-Benz cars to wholesalers in August than in the same month last year. Sales fell by 7.4 percent to 168,710 vehicles, as the company announced on Friday in Stuttgart. The minus was thus greater than in the previous month, when two percent less was sold. In contrast, Vans’ wholesale sales rose by one percent to 29,145 units. However, Daimler also did significantly better here in July with an increase of 8.5 percent. The small car Smart was only sold 2817 times to wholesalers in August, a decrease of 61.4 percent.
ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.