Lufthansa has good prospects for future: German ministries
The German Finance and Economy Ministries on Monday said Lufthansa was an operationally healthy company before the coronavirus outbreak, as well as profitable and with good future prospects, but had got into trouble due to the pandemic.
Nissan says preparing to gradually restart Mexico operations
The Mexican unit of Nissan Motor Co Ltd unit said on Monday that it is preparing to gradually reopen under strict safety measures, beginning with activities that are directly related to vehicle and autoparts manufacturing.
French carmaker Renault could close plants and cut jobs: union
French carmaker Renault could unveil job cuts and plants closures on Thursday as the company looks to save 2 billion euros ($2.2 billion) in costs, a representative for far-left union CGT said on Monday.
Air Canada, Transat deal faces intense EU antitrust scrutiny
Air Canada’s bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU antitrust regulators said on Monday as they opened a full-scale investigation into the deal.
German survey fuels stock gains, euro investors eye EU summit
Stocks gained modestly on Monday after a survey showed German business morale rebounded in May, while investors kept a close eye on escalating U.S.-China tensions in a thin trading session.
Lufthansa, German government agree on $9.8 billion rescue package: sources
The German government and the management of flagship carrier Lufthansa , which has been hit hard by the coronavirus pandemic, have reached a preliminary deal on a 9 billion euro ($9.8 billion) bailout, two people close to the matter said.
Talks on Lufthansa aid not concluded yet: ministry
Negotiations on a government bailout for coronavirus-stricken airline Lufthansa are in their last phase but have not been concluded yet, a spokeswoman of the German economy ministry said on Monday.
Merkel won’t allow EU to deprive Lufthansa of key slots: Handelsblatt
Chancellor Angela Merkel told senior members of her party that the German government would not allow the European Commission to deprive Lufthansa of valuable take-off and landing slots at Frankfurt and Munich airports, Handelsblatt reported.
New emissions blow for VW as German court backs damages claims
Volkswagen must pay compensation to owners of vehicles with rigged diesel engines in Germany, a court ruled on Monday, dealing a fresh blow to the automaker almost five years after its emissions scandal erupted.
Investing in Spanish Nissan factory cheaper than closing it: Spanish official
Nissan Motor would find it cheaper to invest in its Barcelona factory than to close it, a senior Spanish industry ministry official said on Monday, pegging the estimated cost of a shutdown at more than 1 billion euros ($1.1 billion).
