General Motors Co will focus on maintaining profits, not defending U.S. market share gains made at the expense of Japanese rivals, the automaker's top executive said on Monday.
BMW posted record car sales for 2011 and forecast that a boom in luxury cars would keep it ahead of rivals this year as the world's biggest maker of premium cars enjoys strong demand from China and the United States.
A spoof advertisement on one of Germany's leading real estate websites put the Berlin residence of embattled president Christian Wulff up for rent on Sunday -- at a bargain price of one euro per month.
Following are highlights of a news conference by German Chancellor Angela Merkel and French President Nicolas Sarkozy on Monday following their talks in Berlin to discuss how to boost growth and jobs in euro zone states hit by the debt crisis.
Germany and France warned Greece on Monday it will get no more bailout funds until it agrees with creditor banks on a bond swap and pressed for an early deal to avert a potential default in the Eurozone's most debt-stricken nation.
Following are highlights of a news conference by German Chancellor Angela Merkel and French President Nicolas Sarkozy on Monday following their talks in Berlin to discuss how to boost growth and jobs in euro zone states hit by the debt crisis.
European stocks were essentially flat on Monday at mid-day in choppy trade, bouncing from last week's sharp pull-back, with gains in defensives limited by a drop in banking shares led by Unicredit following its rights issue.
German exports bounced back in November boosting the country's trade surplus, a sign that Europe's largest economy may avoid a sharp slowdown in contrast to France which is expected to have run up a record trade deficit in 2011.
The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.
Signs of improvement in the German and U.S. economies helped offset concerns over the prospects for euro zone debt auctions later this week, lifting the single currency and European shares on Monday.
The euro zone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance.
American automotive manufacturer General Motors (GM) has thrown down the gauntlet to reigning luxury brands in the market like German companies BMW and Mercedes Benz, by unveiling its compact Cadillac ATS sports sedan.
General Motors Co proved with the Chevrolet Cruze it can build a top-selling compact car, cracking a market long dominated by Japanese brands.
The German and French leaders meet on Monday to discuss ways to boost growth in euro zone states struggling to overcome the sovereign debt crisis and rising unemployment, and finalise a deal to increase fiscal coordination within the currency union.
British Prime Minister David Cameron said Sunday he would veto a European-wide financial transaction tax unless it was adopted globally, deepening a confrontation with European Union heavyweights France and Germany.
Iran will in the near future start enriching uranium deep inside a mountain, a senior official said Sunday, a move likely to further antagonize Western powers that suspect it is seeking nuclear weapons capability.
The head of Europe's bailout fund was reported on Sunday as saying he wants to boost state guarantees on the fund's bonds, although a fund official said no changes had been made to an original plan.
Italy plans gradual liberalizations in sectors ranging from energy to professional services to revive its ailing economy, the country's industry minister said on Sunday, ahead of meetings with European partners to discuss ways to stem the debt crisis.
Italy plans gradual liberalizations in sectors ranging from energy to professional services to revive its ailing economy, the industry minister said on Sunday, ahead of meetings with European partners to discuss ways to stem the debt crisis.
Iran's underground uranium-enrichment facility will begin operations soon, a senior official was quoted by Iranian media on Sunday as saying, The move is likely to boost tension between the Islamic state and the West over Tehran's nuclear ambitions.
A German citizen was charged on Wednesday with setting dozens of fires across Los Angeles over the New Year's weekend in a spree an arson investigator said was motivated by a rage against Americans.
Almost 2000 homes are without electric power; while many roads are impassable.
