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Articles by Christian Stampfer

GM May Announce Deal to Sell Opel on Monday

GM May Announce Deal to Sell Opel on Monday

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, …

EU Parliament Votes to End Visa-Free Travel for U.S. Citizens

EU Parliament Votes to End Visa-Free Travel for U.S. Citizens

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 …

Volkswagen, Bosch Agree to $1.55 Billion Dieselgate Settlement for 3.0-Liter Vehicles

Volkswagen, Bosch Agree to $1.55 Billion Dieselgate Settlement for 3.0-Liter Vehicles

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 …

Austrian Hotel and Guests Held Ransom by Hackers

Austrian Hotel and Guests Held Ransom by Hackers

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 …

Berlin Brandenburg Airport Opening Delayed Yet Again

Berlin Brandenburg Airport Opening Delayed Yet Again

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 …

VW to Pay $4.3 Billion in Dieselgate Criminal and Civil Settlement

VW to Pay $4.3 Billion in Dieselgate Criminal and Civil Settlement

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 …

Report from Detroit – Highlights from the 2017 North American International Auto Show

DETROIT—The North American International Auto Show remains one of the most important auto shows in the automotive industry. However, over the past years the Consumer Electronics Show in Las Vegas has gained significant importance. The Detroit show is held at the Cobo Center in Detroit and starts with two press days on January 9 and 10, followed by two industry preview days and a charity day. On Saturday, January 14 …