Car firms bet on biofuels: Volkswagen, Daimler buy stake in Choren in bid to be "greener"
Article Abstract:
German automakers Daimler AG and Volkswagen AG have announced they are taking minority stakes in Choren Industries GmbH, a biofuel firm, to hasten the commercial launch of biomass-to-liquid fuels. Financial details were not disclosed, but the stakes of Daimler and Volkswagen are the same size.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
Product development, PETROLEUM AND COAL PRODUCTS, Fuel industry, Biomass energy, Daimler AG, Choren Industries
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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Porsche net rises 44% on gains from VW stake
Article Abstract:
First-half fiscal year net profit for Germany's Porsche AG increased 44% to $2 bil, boosted by gains from its acquisition of shares in Volkswagen AG. Revenue rose 14%, while car sales reached 46,736 vehicles.
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Porsche AG, Financial report
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2008
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Subjects list: Germany, Company investment, Investments, Automobile industry, Volkswagen AG, Securities, Company securities
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