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Mercedes-Benz Vows to Defend Pricing Levels After In-Line Q1 Profit Drop

Mercedes-Benz Vows to Defend Pricing Levels After In-Line Q1 Profit Drop
usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.

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Germany's LEAG plans construction of four gas power plants

Coal miner and power generator LEAG, owned by Czech energy firm EPH, plans to build gas-fired power stations at four locations in Germany as part of a government strategy to add more such plants, its CEO told Reuters in an interview. ....

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Thyssenkrupp cuts sales, net profit outlook on weakening demand

FRANKFURT (Reuters) -Thyssenkrupp cut its annual sales and net profit forecasts on Wednesday, blaming softening demand and prices at its steel division, where fresh impairment losses highlighted the sector's persisting headwinds. Thyssenkrupp said its steel business, half of which it is trying to sell to Czech billionaire Daniel Kretinsky, was currently facing a mix of higher raw material and energy costs, weak demand and cheap Asian rivals. In addition, a higher cost of capital at the division, Germany's largest steelmaker, was the main contributing factor behind 200 million euros ($214 million) in impairment losses, Thyssenkrupp said along with its first-quarter results. ....

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Siemens Energy's struggling wind unit plans $436 million in cost cuts

FRANKFURT/DUESSELDORF -Siemens Gamesa, the struggling wind division of Germany s Siemens Energy, plans to cut costs by around 400 million euros by 2026, the group said during its much-awaited.
-November 21, 2023 at 07:41 am EST
- MarketScreener ....

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Germany announces new defense aid for Ukraine worth $1.1 billion

Germany announces new defense aid for Ukraine worth $1.1 billion
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