Articles by Christian Stampfer
The Geneva International Motor Show (Salon International de l’Auto) kicks off the automobile year 2017 in Europe as the first important international auto event for car manufacturers. The show opened to the media at the beginning of the week although the big news – the sale of General Motors’ Opel unit to PSA Group, maker of Peugeot and Citroën – came from Paris on Monday.
Automakers put forth an unending display …
MUNICH—General Motors is expected to announce on Monday that it is selling its Adam Opel unit to French automaker PSA Group, maker of Peugeot and Citroën cars.
The two companies said Saturday they would hold a joint press conference Monday morning in Paris. Last month the two acknowledged they were in talks for PSA to acquire Opel.
Opel is GM’s European division and designs and manufactures Opel-branded automobiles for sale in Africa, …
MUNICH—The European Parliament passed a non-binding resolution to end visa-free travel for Americans entering the European Union.
The move follows the failure of the United States to agree to visa-free travel for citizens of five EU countries, namely Bulgaria, Croatia, Cyprus, Poland, and Romania, as part of a reciprocity agreement.
Currently, U.S. citizens can enter all EU countries without a visa.
The resolution was intended to “encourage” the United States to live up …
MUNICH—Volkswagen said it had reached an agreement that will have it pay a minimum of $1.22 billion to fix or buy back some 78,000 vehicles with 3.0-liter diesel engines to settle claims that the cars were sold with illegal emissions-cheating software.
The automaker said it submitted a proposed class settlement with private plaintiffs as well as a proposed consent order submitted by the U.S. Federal Trade Commission.
In addition, Robert Bosch, which …
MUNICH—Guests at the Romantik Seehotel Jägerwirt in Turrach, Austria were unable to get into their rooms while hackers held the hotel hostage after taking control of its computer systems.
The attack happened at the start of the winter season in Nockberg, one of the best hiking and skiing regions in the region.
The hackers didn’t ask for much, just €1,500 ($1,610) in Bitcoin.
Several attacks followed but the hotel replaced its computer systems …
MUNICH—Much like an airport disaster film, the opening of Berlin Brandenburg Airport, which was originally supposed to take place in 2010, will once again be delayed.
The latest reason for the delay is the discovery of issues with the terminal’s 1,200 doors, which apparently won’t close properly in the event of a fire.
Construction of the new airport, located adjacent to Berlin Schönefeld Airport 11 miles (18 kilometers) south of the city …
DETROIT—Beleaguered German automaker Volkswagen said Wednesday it had reached a $4.3 billion settlement with the U.S. government over the Dieselgate scandal.
As part of the deal, the company will plead guilty to misconduct for deliberately selling diesel-powered cars that did not meet federal emissions regulations.
“Volkswagen deeply regrets the behavior that gave rise to the diesel crisis,” said Matthias Müller, the company’s CEO.
The company said that the resolution is comprised of four …