The Los Angeles Post
U.S. World Business Lifestyle
Today: March 17, 2025
Today: March 17, 2025
Christoph Steitz

Christoph Steitz

Staff Writer

Latest From Christoph Steitz

Business|Europe|Finance|Technology

Wolfspeed plant delayed as EU's chipmaking plans flounder

Wolfspeed has delayed plans to build a $3 billion plant in Germany, highlighting the European Union's struggle to

Wolfspeed plant delayed as EU's chipmaking plans flounder
Business|Economy|Europe|Technology

Racial tensions cost Germany Inc. skilled foreign labour

Manager Joerg Engelmann says he has pulled out all the stops to attract skilled foreign workers to his chemical engineering company in

Racial tensions cost Germany Inc. skilled foreign labour
Asia|Business|Europe|Technology

Chinese wind turbine-makers move into Europe as trade tensions flare

Chinese wind turbine-makers this month clinched their first order in Germany, as they build momentum in the

Chinese wind turbine-makers move into Europe as trade tensions flare
Business|Europe|Finance|Stock Markets

Varta's Porsche-led rescue would leave investors empty-handed

Varta stock plunged as much as 80% to a record low on Monday after the German battery maker said restructuring options to avert insolvency,

Varta's Porsche-led rescue would leave investors empty-handed
Economy|Environment|Europe|US

Trump effect in clean tech sector deepens angst in Europe's boardrooms

European companies focused on clean energy are abandoning expansion plans, bracing for lower sales or see funding of U.S

Trump effect in clean tech sector deepens angst in Europe's boardrooms
Business|Europe|Finance

Thyssenkrupp works council says steel leadership crisis puts sale at risk

Thyssenkrupp's planned sale of its steel business is at risk over uncertainty following a leadership crisis at the unit, the

Thyssenkrupp works council says steel leadership crisis puts sale at risk
Business|Europe|Technology

From peace-maker to taboo-breaker, VW boss Blume takes on the unions

Volkswagen boss Oliver Blume, already battling slowing demand for electric cars and Chinese rivals, must now

From peace-maker to taboo-breaker, VW boss Blume takes on the unions
Business|Europe

Volkswagen Law: the unique structure behind the German carmaker's labour clash

Volkswagen's plan to close plants in Germany and dissolve long-standing labour agreements with unions has put the spotlight on

Volkswagen Law: the unique structure behind the German carmaker's labour clash
Business|Europe|Finance

China, price cuts and costs: the fuel driving Volkswagen's crisis

In May, Volkswagen finance chief Arno Antlitz warned that Europe's top carmaker had about two or three years to

China, price cuts and costs: the fuel driving Volkswagen's crisis
Europe|Finance

Shell faces delay in German refinery stake sale, sources say

Shell's planned sale of a stake in the Schwedt refinery in Germany is being delayed by pending lawsuits by

Shell faces delay in German refinery stake sale, sources say
Business|Europe

Volkswagen digs in as workers threaten strikes over plant closures

Volkswagen flatly rejected union demands after the first round of bitterly contested talks ended without

Volkswagen digs in as workers threaten strikes over plant closures
Business|Europe|News|US

'Darkest day': Volkswagen's trailblazing labour chief gears up for jobs battle

When labour unions step into the ring with Volkswagen executives on Wednesday to fight over job security and plant closures, it will mark the toughest test

'Darkest day': Volkswagen's trailblazing labour chief gears up for jobs battle
Business|Europe

Volkswagen cuts 2024 outlook as car demand falters

Volkswagen cut its annual outlook for the second time in less than three months on Friday, citing a weaker-than-expected performance

Business|Finance

Carlyle quits bidding process for Thyssenkrupp marine arm

Private equity firm Carlyle has dropped out of a bidding process for the warship division of stricken conglomerate Thyssenkrupp, the German company said on

Carlyle quits bidding process for Thyssenkrupp marine arm
Business|Europe|Technology

Porsche cuts China dealership network as challenges mount

Porsche will pare back its dealership network in China, reflecting persisting weak demand in the world's biggest auto market that has

Porsche cuts China dealership network as challenges mount
Business|Economy|Europe

VW labour chief sounds alarm on mass layoffs and three German plant closures

Volkswagen plans to shut at least three factories in Germany, lay off tens of thousands of staff and shrink its

VW labour chief sounds alarm on mass layoffs and three German plant closures
Business|Economy|Finance|Stock Markets|Technology|US

BMW quarterly profit misses expectations due to weak China sales, brake issues

BMW on Wednesday reported a 61% drop in its third-quarter profit, missing analyst expectations because of slumping China sales and brake

BMW quarterly profit misses expectations due to weak China sales, brake issues
Business|Election|Finance|US

BMW downplays US tariff fears as car stocks hit multi-year lows

Potential import tariffs under the U.S. presidency of Donald Trump may benefit BMW, its CEO said on Wednesday, even as shares in the German premium carmaker

BMW downplays US tariff fears as car stocks hit multi-year lows
Business|Economy|Europe|Finance

After Trump, German political crisis engulfs industry

A political crisis at home threatens further pain for Germany's car, banking and energy industries, as they grapple with

After Trump, German political crisis engulfs industry
Business|Economy|Finance

Siemens Energy raises mid-term outlook as turnaround gathers pace

Siemens Energy raised its midterm outlook on Tuesday as it reported a new record for its order book and a narrower fourth-quarter

Siemens Energy raises mid-term outlook as turnaround gathers pace
Environment|US|World

Siemens Energy, RWE warn of Trump fallout in US offshore wind sector

Two of the world's biggest renewables players on Wednesday warned of challenges for the U.S. offshore wind sector under a presidency led

Siemens Energy, RWE warn of Trump fallout in US offshore wind sector
Business|Economy|Finance

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens

Thyssenkrupp has written down the value of its steel division by another 1 billion euros ($1.06 billion), blaming the sector's

Thyssenkrupp takes $1 billion hit on steel unit as outlook darkens
Business|Economy|Europe|US

In high-wage Germany, VW's labour costs outstrip the competition

As Volkswagen and unions gear up for the next round of talks over wages and plant closures in Germany, company and industry data

In high-wage Germany, VW's labour costs outstrip the competition
Business|Economy|Europe

VW CEO clashes with workers as conflict over closures, pay deepens

Volkswagen's CEO and labour boss clashed during a staff meeting on Wednesday, with management pushing for major cuts while workers warned of more strikes if

VW CEO clashes with workers as conflict over closures, pay deepens

Follow