Christoph Steitz
Siemens Energy sees ‘massive tailwind’ from US power drive
Shares in Siemens Energy rose nearly 10% to a record high on Wednesday.
Berlin considers full Uniper exit, targets deal after summer, sources say
Germany considers selling its full Uniper stake, exploring re-IPO or private equity sale amid post-crisis recovery plans.
European wind stocks take beating after Trump calls turbines ‘garbage’
Wind power stocks drop as Trump vows to block new turbines, raising fears over U.S. renewable energy market shifts.
Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens
Thyssenkrupp takes one billion euros steel writedown, shares jump 10 per cent as analysts eye cash flow gains and a potential stake sale.
Siemens Energy, RWE warn of Trump fallout in US offshore wind sector
Two of the world's biggest renewables firms warn of potential delays for U.S. offshore wind sector under Trump due to policy challenges.
Siemens Energy raises mid-term outlook as turnaround gathers pace
Siemens Energy narrows Q4 losses, triples shares YTD, and raises 2028 profit outlook, driven by strong demand and order growth.
Volkswagen labour chief sounds alarm on mass layoffs, three German plant closures
Volkswagen to close three German factories and lay off thousands, increasing pressure on the government amid economic woes.
Porsche AG flags cost cuts as China weakness, slowing EV shift hits profits
Porsche AG may cut costs after a slower-than-expected transition towards electric vehicles and persisting weakness in the Chinese market.
Carlyle drops out of bidding process for Thyssenkrupp marine unit
The company did not say why Carlyle had exited the process, adding it was now focusing on a spin-off of the division, which...
Volkswagen cuts 2024 outlook on deteriorating macroeconomic environment
Volkswagen cuts its 2024 profit margin outlook again, citing weak demand and a challenging macroeconomic environment.
