The Local Germany

Airbus maker to cut 2,600 jobs in Germany

Tue, 10 Dec 2013 07:49:00 +0100

European aerospace giant EADS, the maker of Airbus aircraft, announced plans on Monday to cut 2,600 jobs in Germany as part of widespread cuts to its defence sector.

EADS to downsize defence business

Sat, 07 Dec 2013 17:33:00 +0100

EADS, the maker of Airbus, is set to announce a draconian restructuring plan to unions on Monday that may include thousands of job cuts and strain relations with shareholders Germany and France.

Daimler faces EADS insider trading trial

Tue, 03 Dec 2013 10:04:00 +0100

German auto giant Daimler and French conglomerate Lagardere have been sent for trial in France for alleged insider trading in the sale of shares in aerospace and defence group EADS.

Daimler doubles profits thanks to EADS sale

Wed, 24 Jul 2013 11:24:00 +0200

German automaker Daimler announced on Wednesday that its profits doubled in the second quarter, propelled in no small part by one-off gains from the sale of its stake in aerospace giant EADS.

Daimler unloads EADS stake for €2.2 billion

Wed, 17 Apr 2013 08:34:00 +0200

German car manufacturer Daimler said Wednesday it pocketed €2.2 billion ($2.9 billion) from the sale of its remaining 7.5-percent stake in the European aerospace and defence group EADS.

'Germans care about good work-life balance'

Mon, 25 Feb 2013 10:45:00 +0100

In the latest instalment of My German Career, The Local spoke with French corporate communications expert Sonia Sassi about mastering the language and the German work philosophy.

Berlin and Paris revamp strategic EADS holdings

Thu, 06 Dec 2012 11:56:00 +0100

The European Aeronautic Defence and Space Company (EADS), which owns plane maker Airbus, has unveiled a deal to restructure shareholdings meant to reduce the role of France and Germany but preserve their strategic interests.

EADS offices raided in corruption probe

Wed, 07 Nov 2012 17:12:00 +0100

Authorities raided offices and homes across Germany associated with European aerospace giant EADS, on Tuesday, as a decade-long investigation into bribery and corruption within the company reached a new high.

Berlin blasted for ruined EADS-BAE merger

Fri, 12 Oct 2012 10:55:00 +0200

Germany was under fire, the European aerospace industry in search of a new future, and EU credibility undermined on Thursday with the failure of a merger by EADS and BAE Systems.

Germany 'blocks giant aerospace merger'

Thu, 11 Oct 2012 08:51:00 +0200

A merger to create the biggest aerospace and defence group in the world from EADS and BAE Systems collapsed on Wednesday, brought down by unexpectedly strong opposition from Germany.

Talks collapse in BAE-EADS mega-merger

Tue, 09 Oct 2012 18:40:00 +0200

Talks to merge European aerospace groups EADS, which is partly German-run, and British BAE Systems to create the world's biggest aviation group collapsed on Tuesday, after France and the UK could not come to an agreement.

Germany demands parity with France in BAE-EADS

Fri, 28 Sep 2012 12:09:00 +0200

Germany has set out its demands over the proposal to create a merged BAE-EADS aerospace giant, insisting on a parity of power with France, Friday’s Die Welt newspaper reported.

EADS and BAE plan merger to take on Boeing

Thu, 13 Sep 2012 13:39:00 +0200

European aerospace giants EADS and BAE have less than a month from Thursday to clear big hurdles to a projected $45 billion merger and create a united front against US arch-rival Boeing.

Germany to buy Daimler's EADS shares

Thu, 10 Nov 2011 15:52:00 +0100

Carmaker Daimler is to transfer a 7.5-percent stake in European aerospace and defence giant EADS to Germany's state-owned bank KfW, the Economy Ministry announced on Thursday.

Franco-German alliance for warships mooted

Mon, 01 Aug 2011 13:55:00 +0200

Germany and France are reportedly considering a military ship-building alliance, an "EADS of the Seas," that could resemble their current arrangement for military aircraft.

Brüderle reluctant to buy EADS shares

Wed, 23 Feb 2011 17:14:00 +0100

Germany would prefer a private solution to state intervention if automaker Daimler wants to sell part of its stake in the European aerospace and defence group EADS, Economy Minister Rainer Brüderle said Wednesday.

Daimler reportedly wants to sell EADS stake to government

Thu, 17 Feb 2011 15:09:00 +0100

Automaker Daimler wants to sell half of its remaining 15 percent stake in the aerospace and defence group EADS to the German government, the Financial Times Deutschland said Thursday.

Guttenberg to fly in Eurofighter jet

Thu, 10 Feb 2011 18:37:00 +0100

German Defence Minister Karl-Theodor zu Guttenberg on Thursday said he intended to take a training flight in a Eurofighter jet this year. He justified his plan by saying he may one day have to authorize a mission using the attack aircraft.

Daimler hit with EADS insider trading charges

Thu, 10 Feb 2011 16:03:00 +0100

French judges have charged the German auto giant Daimler in an insider trading scandal centring on the European defence group EADS, a judicial official said Thursday.

EADS to launch algae-powered airplane

Fri, 04 Jun 2010 16:41:00 +0200

European aerospace firm EADS will present the world’s first airplane that runs only on algae fuel next week at the ILA Berlin Air Show, the company’s technical director said on Friday.