EU executive to inspect Deutsche Post

Article Abstract:

The European Commission has announced it will launch a new antitrust investigation into Deutsche Post following a 1994 complaint filed by United Parcel Service. The investigation, which will look into Germany's former postal monopoly's controversial use of state aid, comes just as Deutsche Post is planning its initial public offering. The European Commission also is beginning investigations over illegal state aid for public television in France and Italy. The EU has closed its investigation of Italy's Alitalia.

Government regulation (cont), Regulation and Administration of Communications, Electric, Gas, and Other Utilities, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Postal Service & Subsidies, Antitrust NEC, Investigations, Antitrust law, Deutsche Post AG

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Porsche, VW head offroad together

Article Abstract:

Porsche AG has made public that intends to jointly manufacture sport-utility vehicles with Volkswagen AG in a move to enter the profitable market for off-road cars. Porsche stated that it will spend one billion marks ($561.6 million) in the project, while Volkswagen did not reveal the specific amount it intends to invest. Both auto companies, who anticipate to unveil the new vehicles by the year 2002, are planning to announce their decision on where to manufacture the sport-utility vehicles in autumn 1998.

Comment:

Intends to jointly manufacture sport-utility vehicles w/ Porsche AG

Product information, Utility Vehicles, Light Truck and Utility Vehicle Manufacturing, Sport utility vehicles, Porsche AG, Volkswagenwerk AG, Article

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BMW's outlook improves after its net drops 27%

Article Abstract:

Bayerische Motoren Werke AG (BMW) posted a fall of 27% in its net profits for the first-half of 1999. The group reported an improvement in sales of 3.3% to 16.35 billion euros for the period. During the same period in 1998, BMW posted 15.824 billion euros in sales. BMW attributed the decline on a difficult market environment. The group's net profits fell to 191 million euros from 261 million euros.

Comment:

Posts fall of 27% in net profits for first-half of 1999

Sales, profits & dividends, Motor Vehicles & Parts, Transportation Equipment Manufacturing, Finance, Abstract, Transportation equipment industry, BMW AG

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