Mediation fails in Franco-German fighter jet dispute, raising uncertainty over FCAS

Efforts to resolve a dispute surrounding Europe’s next-generation fighter jet program have failed to produce an agreement, adding uncertainty to one of the continent’s most ambitious defense projects. The disagreement involves companies participating in the Future Combat Air System (FCAS), a joint initiative led by France, Germany,......

Citi hires Deutsche bank executive Wagner to strengthen private company coverage in Germany and Austria

Global financial institution Citigroup has appointed Henning Wagner, previously of Deutsche Bank, as its new Head of Private Company Coverage for Germany and Austria, according to an internal memo reported by Reuters. Wagner is expected to join Citi in the third quarter of the year, where he will focus on expanding the bank’s services......

Evonik appoints new cfo and extends ceo contract to 2030

German specialty chemicals group Evonik has announced key leadership changes, appointing a new chief financial officer while extending the mandate of its current chief executive officer until 2030. The company confirmed that Michael Rauch will take over as CFO following a recent board decision. His appointment comes at a time when companies......

Seres joins BMW and Mercedes-Benz as equal shareholder in Chinese joint venture

Chinese automaker Seres has announced that it will become an equal shareholder in a fast-charging joint venture in China involving German carmakers BMW and Mercedes-Benz. The move marks a new stage of cooperation in the rapidly evolving electric vehicle sector. According to an official statement released on Friday, Seres will join the partnership......

Audi and SAIC expand partnership to develop new generation models in China

German automaker Audi has announced an expansion of its collaboration with Chinese partner SAIC Motor, aiming to develop a new generation of vehicles tailored specifically for the Chinese market. The strengthened partnership will focus on producing future models under a jointly developed brand, with several vehicles expected to be launched......

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