Germany

Nearly four out of every five coal plants in the EU are running at a loss, research published by London-based think tank Carbon Tracker on Thursday suggested. What Happened The research has estimated that 84% of lignite and 76% of hard coal generators in the union are running at a loss. According...

Deutsche Post-owned electric vehicle (EV) manufacturer StreetScooter has announced that the company will be expanding into the U.S., citing a huge market opportunity across the horizon. To help invigorate the North American expansion, the company has brought on two C-level executives with extensive...

After lengthy delays, Leipzig-Halle Airport-based CargoLogic Germany (CLG) has been issued an air operator certificate (AOC) and is prepared to launch commercial operations, as confirmed on Sept. 23 by Luftfahrt-Bundesamt (LBA), Germany's civil aviation agency. CLG is a wholly owned subsidiary of...

German logistics startup sennder had acquired Spanish competitor Innroute, expanding its  European digital freight-forwarding platform after raising more than $100 million in 2019.  The Berlin-based firm announced the acquisition on Linkedin on September 25. Terms were not disclosed. "We are...

Angela Merkel, the Chancellor of Germany, unveiled an ambitious climate package to the tune of €54 billion, buoyed by public protests on Germany's inability to hit its upcoming emissions target of 2020. The frustration of not reaching its climate targets is of great annoyance to Germany, as the...

German officials have unveiled a $60 billion climate policy package, one of several government and private-sector emissions reductions schemes that have been introduced ahead of next week's UN climate summit in New York. The German plan, unveiled on Sept. 20, the day after Amazon.com, Inc. (NASDAQ...

Good day, The German automotive industry is witnessing some pressing times as experts fear a bankruptcy wave within the automotive parts suppliers' segment. Avir Guss, a leading auto parts manufacturer, currently has a debt that runs in the millions, which it needs to repay this week. If it is not...

German mobility solutions startup Wunder Mobility has announced its expansion into the U.S., by opening an office in Los Angeles, helped with its extended Series B financing round that added $29 million to its capital, bringing the company's total investment to $70 million. The additional funding...

Good day, Germany's cabinet backed a proposed law that will require companies to pay social security for contractors who deliver parcels. The cabinet approved the draft legislation on Sept. 18. If approved by Parliament, it will require employers to pay social security taxes for contracted...

Volocopter, the German air-taxi startup, has raised €50 million in its Series C funding round, with the financing led by Chinese auto major Zhejiang Geely Holding Group Co., the company that owns Volvo, Lotus, and other car manufacturers. With this round, Volocopter's total investment raise over...

As German cars go, so may go the German — and maybe much of Europe’s — economy. And the signs from the vaunted German automobile industry aren’t good. Production of cars, the largest export product in a German manufacturing sector dependent on exports, has fallen...

The continuous exchange of trade tariffs between the U.S. and China has sparked a global economic downturn that is now threatening to become a full-fledged recession across most of the major economies in the world. Germany, a powerhouse of manufacturing, has been one of the worst-hit within the...

Good day, A prominent conservative politician in Germany wants to increase tolls on trucks and invest the proceeds in rail to fight climate change.  Andreas Jung, a member of Parliament who is in the Christian Democratic Union party, told the Frankfurter Allgemeine newspaper that the toll would...

On-demand food delivery startup Deliveroo has announced that it is leaving the German market, citing difficulties in maintaining the level of customer service that it offers across several other markets that it operates in. The U.K.-based startup explained that it regrets the move and claims that...

Uber Freight has launched in Germany, vaulting the logistics platform into Europe's largest economy. Uber Technologies Inc. (NYSE: UBER) announced the move this morning. It comes six weeks after Uber Freight moved its first load in Europe – a trailer of Heineken in the Netherlands. Uber is...