Germany
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BMW will reportedly launch redesigned i3 electric vehicle in 2017

BMW will reportedly launch redesigned i3 electric vehicle in 2017

In a recent report (via Reuters), German publication Welt am Sonntag has disclosed that bigwig automaker BMW is planning to launch a redesigned next-generation BMW i3 electric vehicle in 2017.

According to the report, the redesigned i3 electric vehicle being planned by BMW for launch next year will boast an updated design of both its front and rear ends, and a longer range as compared to the previous i3 models.

Daimler may reportedly launch 6-9 “electric” models by 2024

Daimler may reportedly launch 6-9 “electric” models by 2024

According to a Reuters report, bigwig German car manufacturer Daimler plans to launch at least 6 - and, probably, 9 - "electric" models by the year 2024, to pose a potential challenge to electric vehicles manufactured by Tesla motors and other automakers.

The report -- based on the information shared by an unidentified source familiar with the proceedings at Daimler -- indicates that Daimler is pretty serious about its electric vehicle plans, which it has been talking about quite openly in recent times.

Bank Sector in the Euro Zone Drop Knocking Back European Shares on Monday

Bank Sector in the Euro Zone Drop Knocking Back European Shares on MondayThe European stocks took a hit again on Monday as the Euro zone bank sector dropped on news that the European Central Bank was scrutinizing some of the loans that are not performing as expected. One of the top indexes reached its lowest point in more than one year's time.

More Troubles for Volkswagen as Probes Multiply in Falsified Vehicle Emission Scandal

More Troubles for Volkswagen as Probes Multiply in Falsified Vehicle Emission ScandalVolkswagen's troubles are far from ending. The scandal which hit the car maker in relation to falsified vehicle emission tests in the U.S. could affect eleven million cars globally said the company. It also said that, investigations related to its diesel models multiplied increasing fresh pressure on Martin Winterkorn, the CEO of VW.

German Financial Recovery Speeds Up Modestly In the Second Quarter

German Financial Recovery Speeds Up Modestly In the Second QuarterOn Friday an official data showed that Europe's biggest economy Germany, slightly picked up pace in the second quarter of this year. The reasons behind the growth are thought to be a weaker euro and strong consumer spending.

Jobless Rate Drop in Germany

Jobless Rate Drop in GermanyIn November, there was a drop noted in the rate of unemployment in Germany. Official data reveals that the labour market is continuing to waver off the weak growth.

Though the unemployment rate in Germany has struck a record low level yet concern of slower inflation still continues to be a factor for worry as it may give rise to a deflation.

In Order to Settle a German Tax Probe UBS Books 254 million euros From Second Quarter

In Order to Settle a German Tax Probe UBS Books 254 million euros From Second Quarter UBS, the Zurich based lender reserved a 254 million euro ($341.25 million) in the second quarter to settle claims and for resolving a charge which says that it helped rich Germans to duck taxes. This is the most recent in a series of lawsuits that are aimed at its business of private banking.

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