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...Typically carmakers deal directly with their largest suppliers and may sometimes be unaware of the provenance of smaller parts produced by other businesses further down the supply chain....
...Schwarz Group, which controls Lidl and is building out a new IT division, is co-leading the deal alongside an AI hub based in the south-west German city of Heilbronn that was jointly set up by a foundation...
...It’s still hard to see how a deal can be reached, you know, at least in the short term....
...In a statement, Harings said he and his team had “accomplished a great deal for Aurubis in difficult times” but added that “Aurubis has been the victim of criminal activities”....
...Two EU diplomats said a deal may be struck involving amendments to a different law to reduce packaging waste, which Italy has opposed. “There is hope and days left to find a solution,” one said....
...Transport & Environment, a European pressure group, estimates that if the deal is formally approved, 30 per cent of trucks sold in 2030 and at least three-quarters in 2040 would be powered by electricity...
...The deal with IBM is expected to be completed by the second quarter of 2024....
...It followed a letter from asset manager Ninety One, which owns about 6 per cent of Vitesco, that had warned the proposed deal risked “disadvantaging” minority shareholders....
...in credit guarantees, The rescue deal will include €12bn lent by banks, to try and shore up Siemens Energy’s order book....
...Schaeffler last month said a deal would lead to €600mn a year in synergies by 2029, while it warned that “there will be even more competition in Europe from Chinese carmakers”....
...The German healthcare group said on Wednesday that Spanish company GED Capital and fertility group IVI RMA, which KKR acquired last year for €3bn, had bought its Barcelona-based fertility business in a deal...
...But the carmaker will need to deal with the icy resolve of the Swedish unions, which shows no sign of thawing....
...The chair of Vitesco’s supervisory board, Siegfried Wolf, was in June charged with money laundering by Austrian prosecutors relating to a decades-old fighter jets deal....
...The deal is likely to cause consternation in Brussels, where European officials have become increasingly critical of Berlin’s willingness to provide state financial support to business, which the EU says...
...Additional reporting by Patricia Nilsson in Frankfurt...
...Augsburg-based company, which has said it controls 30 per cent of the global market for transmissions in military vehicles, was sold three years ago by Volkswagen to private equity group Triton in a €530mn deal...
...They need a plan B and a plan C,” said Patricia Lenkov, an expert on corporate governance and succession.No company wants to deal with the ramifications of disaster successions such as Microsoft’s in 2013...
...Diego Rubio, secretary-general of public policy in the premier’s office, said he understood there was a debate on how to deal with water scarcity....
...The Fuchs family is expected to hold a 63.4 per cent stake after completion of the deal, with KKR holding 34.1 per cent....
...“Back in the day, if you wanted to get a deal signed off, you had to be humble and heads-down,” said one person close to the company....
...It followed a deal worth €285mn for military trucks two weeks ago....
...Xpeng, which recently agreed a €5bn deal to help Europe’s largest carmaker Volkswagen improve its technology, used the Munich event to reveal that it would from next year start selling cars in Germany, France...
...It is the latest large deal that Rheinmetall has struck since Russia’s invasion of Ukraine sparked a surge in military spending....
...The carrier’s pilots have until August 10 to vote on a deal....
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