• Wed
  • Sep 17, 2014
  • Updated: 4:07am

Economy of Germany

Car market momentum sluggish

China's car market will remain subdued this year but demand will pick up from next year, according to an Economist Intelligence Unit research report.

Wednesday, 11 June, 1997, 12:00am

Lufthansa sees cargo profit

Deutsche Lufthansa says its ailing cargo business may become profitable this year, ahead of schedule partly because of the German mark's weakness against the US dollar.

A turnaround in cargo operations meant Lufthansa could earn 750 million deutschemarks (about HK$3.39 billion) in 1997, chairman Juergen Weber said.

25 Apr 1997 - 12:00am

You can bank on a breakdown

When you've got to go, you've got to go, at least as far as banks are concerned.

16 Mar 1996 - 12:00am

Imported car sales to drop

CAR imports as a percentage of domestic car sales in China could fall during the next five years by as much as 3 per cent, despite newly announced cuts in duties, according to a top Volkswagen official.

26 Feb 1996 - 12:00am

Very Briefly . . .

SHAREHOLDERS in Volkswagen's Czech unit Skoda have voted to allow the German car-maker to raise its stake to 70 per cent from 49.5 per cent at a cost of 390 million deutschemarks (about HK$2.09 billion).

13 Dec 1995 - 12:00am

Volkswagen talks on

WAGE negotiations between German car-maker Volkswagen and the IG Metall union for about 100,000 workers at the six VW factories in western Germany got under way yesterday, according to a union source.

The talks will deal with maintenance of the four-day working week, introduced at the start of last year, and with salary increases.

10 Aug 1995 - 12:00am

German rate cut forecast

A CUT in German interest rates is expected about autumn, according to a Salomon Brothers economist who is 'mildly optimistic' about the German economy.

5 Jul 1995 - 12:00am

Rogue Porsche

TWO women taking an early morning stroll were knocked down a 100-metre slope by an out-of-control Porsche in Sha Tin yesterday. They were treated and discharged from the Prince of Wales Hospital. The 57-year-old male driver was admitted in fair condition.

4 May 1995 - 12:00am

Migrants pour billions into the NZ economy

IMMIGRANTS have invested NZ$1.06 billion ($5.24 billion) in New Zealand since the government introduced its business migration policy in November 1991.

Those from Northern Asia have been the biggest investors, spending NZ$856 million since the programme began.

12 Mar 1995 - 12:00am

Trade links to grow with China expansion

BILATERAL trade between Germany and Hong Kong reached HK$70 billion in the last full year, according to figures from the German trade commissioner, Dr Thomas Schafer.

He said in 1990, 1991, and last year the territory's imports grew by seven per cent, 12 per cent and 32 per cent respectively.

3 Oct 1993 - 12:00am