germany

BMW Aims to Boost Sales to 2 Million Units a Year

Bayerische Motoren Werke AG aims to boost sales to more than 2 million a year by 2020 by widening the 6-series and Mini model lines as well as bringing in a battery-powered car for city driving. BMW, which sold 1.29 million cars last year, is trying to fend off competition in the luxury car segment from Volkswagen (VLKAY) and Audi, Bloomberg News reported.

Europe's Debt Crisis: Here We Go Again?

Europe's shakiest economies managed to ride out a sovereign debt crisis this spring with a lot of help from their more stable neighbors and the major central banks. But with global recovery faltering, the data coming out of Europe suggests we may soon see a replay of the debt default crisis.

European Economic Confidence Gains After Export Growth

Euro zone economic confidence rose to the highest in more than two years this month after booming exports drove economic growth. An index of executive and consumer sentiment gained to 101.8 in August, from 101.1 in July, the European Commission said, according to Bloomberg News. That%u2019s the highest since March 2008.

Legal Briefing: Facebook Trying to Patent "Face"

Facebook went after teachers' networking site Teachbook, claiming that anything "--book" and social networking infringes its mark. Now, Facebook is trying to patent its name's first syllable: Face.

BMW Expands the Mini to Reach New Customers

BMW has a new strategy to sell its iconic Mini car: make it larger, and sell it to families. The new Mini Countryman is a crossover, with four doors and expanded leg and storage room in the back, Bloomberg New reported. This could help the company expand the brand%u2019s customer base beyond those who love the car for its retro chic.

Bundesbank Raises Germany Growth Forecast

Germany%u2019s central bank raised it growth forecast for the country after a second quarter in which the economy expanded its most rapid rate in two decades. The Bundesbank said that Germany%u2019s gross domestic product will increase by about 3% in 2010, Bloomberg News said. The bank had previously forecast growth of 1.9%.

European Economic Growth Beats Expectations

A strong German economic performance helped drive better-than-expected second-quarter growth in the euro zone. The combined GDP of the currency zone%u2019s 16 countries grew 1% from the first quarter, The Wall Street Journal said. That%u2019s the strongest quarterly performance since 2006, and easily beat the 0.7% forecast by economists surveyed by Dow Jones Newswires.

Boosting Exports Is Key to U.S. Economic Recovery

Ways to avoid a painful Japan-like deflationary spiral are gripping investors and policymakers alike following Friday's disappointing jobs report. But to ensure a true recovery over the long haul, the U.S. would do well to look instead at Germany, which is banking more on manufacturing to tap into surging global demand.

Don't Get Too Excited Yet About Europe's Rebound

Strong signs have emerged that the European economy has rebounded from the Greek debt crisis and subsequent contagion. But some analysts have compelling arguments for warning that the region's apparent bounce-back could prove to be short-lived.

When Americans Stop Shopping, the World Suffers

With the U.S. consumer economy in the doldrums, the impact is being felt globally. From China to Germany and Canada to Japan, America's major trading partners are struggling to adapt to a sudden decline in U.S. imports.

Real Signs of Confidence in Europe's Economy

Although Wall Street anxiously awaited the results of bank stress tests in Europe, the real news is elsewhere: the improving economic conditions across Europe. Can the U.S. learn a lesson from Germany and France?

Germans Raid Credit Suisse in Tax Evasion Probe

German prosecutors raided all 13 Credit Suisse branches in the country on Wednesday as part of a probe into tax fraud. Earlier this year, German authorities acquired information on some 1,500 Credit Suisse customers who may have been using the Swiss accounts to avoid paying taxes.

Maybe Europe's Economy Isn't So Broken After All

All eyes are on U.S. corporate earnings, but don't overlook what's going on across the Atlantic: The sovereign debt crisis is easing amid growing signs that an economic rebound may be taking shape in the European Union as well.

BMW Hits the Gas on 2010 Profit and Outlook

Germany's economy may be struggling right now, but one of the country's premier automakers sees brighter days ahead. BMW said Tuesday it expects pretax profits this year to "rise more sharply than previously forecast," driven by better-than-expected vehicle sales.

Solar Energy Market Will Get Even Hotter in 2010

This year is turning out to be a good one for solar energy equipment makers and project developers. Solar panel makers saw a 92% jump in shipments in the second quarter from a year ago, and market research firms have issued bullish outlooks for the industry.

German Lower House Passes Bill to Ban Naked Short-Selling

German lawmakers in the lower house of parliament passed a bill banning naked short-selling of eurozone government bonds, credit default swaps based on those bonds and stocks in German companies. The bill aims to counter volatility of the euro currency, Bloomberg BusinessWeek reported.

BMW Plans Electric Car With Lightweight Carbon Fiber Shell

BMW AG (BAMXF) plans to build a battery-powered city car with a lightweight shell made out of the same material used to protect Formula One drivers, Bloomberg News reported. The car will be cocooned in hardened carbon fiber supported by an aluminum frame, the company%u2019s development chief Klaus Draeger said. The carbon fibers will be made of 50,000 filaments that are each one-seventh the thickness of a human hair.

Privacy Cop Germany Puts Apple in the Crosshairs

In its latest move to safeguard computer users' rights and burnish its reputation as a global privacy cop, Germany is seeking to dig deeper into Apple's collection of its customers' location-based data.

Why Global Deficit Cutting Could Sink Recovery

For Germany, Britain, and the U.S., three of the world's major economies, their lawmakers' rush to cut budget deficits is the worst thing at this point of the fragile recovery. By taking demand out of their economies at this crucial time, they could spark another recession.

Misguided Bullying of German Economic Policy

It's hard to top American politicians when it comes to strong-arming other countries about economic policy. The G-20 summit, where a showdown is brewing most pointedly between American and German camps, offers the latest vivid example.

Soros: German Budget Cuts Could Cause Euro Failure

Ahead of the G-20 summit in Toronto this weekend, billionaire investor George Soros is warning that Germany's policy of fiscal austerity is a danger to Europe that could destroy the euro and fracture the European Union.

Google's Privacy Woes Expand to Australia

Google's legal woes over privacy issues in Europe have expanded to Australia after residents in that country recently complained about photographs being taken for Google Maps.

Euro Woes Are Blinding Investors to Opportunities

Just a few months ago, the currency everyone loved to hate was the dollar. Now, the euro is feeling the heat of short-sellers and pessimists. But the gloom around Europe's common currency is seriously overblown.

Europe to Set Up Fund Stopping Greek Crisis' Spread

Eurozone leaders plan to create a financial facility to defend the euro and lower the interest rates its weaker economies pay for sovereign debt. As turmoil grips world markets, the politicians pledge to set up the firewall against contagion before Asian markets reopen on Monday.

Rumors Swirl as Market Plunges on Debt Fears

Amid a market growing increasingly paranoid about Europe's debt crisis, errors -- either human or mechanical -- were pointed to as potential reasons for Thursday afternoon's stock market plunge. But a more deliberate force could also be at work as investors short the markets and the euro sought to take advantage of the mounting alarm about Europe's situation.

Greece Seals the Deal, Finally, But What's Next?

The aid package to bail out Greece hardly ends its problems. The country's debt is over 100% of GDP, and the national deficit was 13.6% of GDP last year. The major concern is that Greece's citizens won't accept what's expected to be $40 billion in budget cuts over three years.