German toymaker Steiff, famous for its teddybears and other stuffed animals, announced that it will pull out of the Chinese market soon. Like many other companies, Steiff entered China (in 2004) in an effort to reduce costs and remain competitive with its range of high-quality toys that are often more collectors items rather than toys. […]
Volkswagen just announced that it will acquire a 20 % stake in Suzuki of Japan. The move is expected mainly driven by VW’s intent to increase its presence in the Asian market for small trucks.
German carmaker Daimler announced that it will move part of its C-class production to Alabama. Besides Germany, the C-class has already been produced in two other countries for a while – South Africa and China. The facility in Tuscaloosa, Alabama that so far has specialized in Daimler’s M-, GL- and R-class vehicles. When the production […]
As the New York Times reports, US-based cable TV operator Liberty Global takes over Germany’s Unity Media for $3.7 bn. A case to watch.
Hold the horses! Stop the presses! Forget all about my previous comments about the GM-Opel-Magna-Sbersk deal because the deal is off. GM announced that it withdraws its prior agreement under which the Austro-Canadian conglomerate Magna would have purchased Opel from it. Even insiders are still wild guessing about the true motivation for hitting the brakes. […]
With the takeover of ailing GM subsidiary by the Austrian-Canadian conglomerate Magna still not being finali, dark clouds are gathering over Germany. Volkswagen-owned Porsche is said to rethink its contracts with Magna for the production of its prestige Boxster model starting in 2010. And also BMW is expressing concerns over its relationships with Magna. As […]
After months of uncertainty and intensive negotiations, GM has announced this week that it will decide a 55 percent stake in it’s European Opel unit to a consortium of the Austrian-Canadian automotive supply conglomerate Magna and its Russian investment partner, Sberbank. 35 % of the shares will remain with GM, and another 10 % will […]
What is it with US retailers? Did anybody notice how many retail companies headquartered in the US have failed in international markets over the past decades. After about 8 years of trying to get established, Wal-Mart left Germany in 2006, fashion retailer The Gap pulled out of Germany in 2004, and Pizza Hut defected from […]