Economy of Germany
German car giant Volkswagen will delay the decision to build a new plant in Turkey for the second time, MIA reports.
The agency cites an anonymous source in the British media, according to which the
"We still have time and can certainly do that decision by mid-year," said the source, who is familiar with VW's discussions.
German automaker Daimler AG said on Jan. 4 it will recall 744,000 Mercedes-Benz vehicles in the United States from the 2001 through 2011 model years because the sunroof glass panel could detach and pose a hazard.
German prosecutors say they have charged four current and former personnel managers at Volkswagen executives of providing excessive salaries and bonuses to several members of the employee council.
The action benefited five council members, which cost the car giant about $ 5.1 million in overpayments, prosecutors said.
The think tank Carbon Tracker Initiative reported on Thursday that four in five coal plants in the European Union were unprofitable and utilities faced losses of nearly 6.6 billion euros this year.
German utility RWE faces the biggest losses this year, of 975 million euros, which is 6 percent of its market capitalization, according to the report.