Wilfried Eckl-Dorna
Automotive and Industrials Reporter at Bloomberg News
Automotive and industrials reporter for @business, covering German, EU #carindustry & industrials such as #Siemens. Opinions are my own. https://t.co/urZ8c773GQ
Articles
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3 weeks ago |
bloomberg.com | Wilfried Eckl-Dorna
A Siemens Energy building in Siemensstadt district in Berlin. (Bloomberg) -- Siemens Energy AG is on course to pay a dividend for the first time in almost four years after replacing an €11 billion ($12.6 billion) rescue package backed by the German government. The company moved to a new €9 billion bank facility earlier than planned that will help fund large projects, it said Thursday, clearing the path for the gas and wind turbine maker to resume shareholder payouts next fiscal year.
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3 weeks ago |
news.bloombergtax.com | William Wilkes |Wilfried Eckl-Dorna
Mercedes-Benz Group AG and BMW AG are stepping up efforts to avoid potential parts shortages, as China’s export controls on rare earth metals threaten to disrupt global car production. Mercedes has intensified discussions with key suppliers about the short-term availability of components containing these materials and whether to stockpile certain items, according to Jörg Burzer, who oversees the company’s production.
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3 weeks ago |
bloomberg.com | William Wilkes |Wilfried Eckl-Dorna |Keith Naughton
The body of an automobile at the Mercedes-Benz Digital Factory Campus in Berlin, Germany. (Bloomberg) -- Automakers in the US and Europe raised concerns about China’s export controls on rare earth metals, as Beijing’s move threatens to disrupt global car production. Mercedes-Benz Group AG and BMW AG are in talks with suppliers to prevent shortages of components containing these materials, with the former discussing stockpiling certain items.
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1 month ago |
bloomberg.com | Wilfried Eckl-Dorna
BYD’s Dolphin Surf will sell for less than €23,000. (Bloomberg) -- BYD Co. is raising the stakes in Europe’s race for cheaper electric vehicles with the European launch of the Dolphin Surf, a fully-electric hatchback that will sell for less than €23,000 ($26,100). The Chinese manufacturer presented the model in Berlin on Wednesday, announcing that the standard version with a range of 220 kilometers (137 miles) will be priced at €19,990 in Germany until the end of June and cost €22,990 after that.
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1 month ago |
bloomberg.com | Wilfried Eckl-Dorna
A BMW logo. (Bloomberg) -- BMW AG is buying back as much as €2 billion ($2.2 billion) of stock starting this month. The carmaker’s management board approved the program, which will be concluded no later than April 30, 2027, BMW said Tuesday. It’s the German company’s third major buyback in three years. BMW shares rose as much as 2.5% in Frankfurt after the announcement. The stock is roughly flat this year. Carmakers have returned more money to shareholders in recent months.
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