By , , BERLIN/FRANKFURT (Reuters) - Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.The agreement comes after the airline’s supervisory board on Wednesday rejected an initial deal with Brussels including conditions that were significantly more painful.Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus...…By , , BERLIN/FRANKFURT (Reuters) - Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.The agreement comes after the airline’s supervisory board on Wednesday rejected an initial deal with Brussels including conditions that were significantly more painful.Lufthansa and the rest of the airline sector have been hard hit by what is expected to be a protracted travel slump due to the coronavirus...WW…

By , , WASHINGTON (Reuters) -Volkswagen AG’s U.S. unit apologized on Wednesday after a false statement it issued about a name change was widely slammed on social media.The company acknowledged that the false announcement - claiming it would rename its U.S. operations as ‘Voltswagen of America’ - had “upset some people and we are sorry about any confusion this has caused.”The stunt, which came just ahead of April Fool’s Day on the first of the month, when companies often release prank statements, was meant to call attention to its electric vehicle efforts, the carmaker said.The statement was...…By , , WASHINGTON (Reuters) -Volkswagen AG’s U.S. unit apologized on Wednesday after a false statement it issued about a name change was widely slammed on social media.The company acknowledged that the false announcement - claiming it would rename its U.S. operations as ‘Voltswagen of America’ - had “upset some people and we are sorry about any confusion this has caused.”The stunt, which came just ahead of April Fool’s Day on the first of the month, when companies often release prank statements, was meant to call attention to its electric vehicle efforts, the carmaker said.The statement was...WW…

By , FRANKFURT (Reuters) - Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.Fully electric vehicles are expected to account for more than 70% of its total European vehicle sales by 2030, compared with a previous target of 35%, the world’s second-largest carmaker said as it unveiled its ‘Accelerate’ strategy.“With Accelerate we are increasing the speed on our path to a digital future,” said Ralf Brandstaetter, who heads the Volkswagen brand and...…By , FRANKFURT (Reuters) - Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.Fully electric vehicles are expected to account for more than 70% of its total European vehicle sales by 2030, compared with a previous target of 35%, the world’s second-largest carmaker said as it unveiled its ‘Accelerate’ strategy.“With Accelerate we are increasing the speed on our path to a digital future,” said Ralf Brandstaetter, who heads the Volkswagen brand and...WW…

By , FRANKFURT (Reuters) - Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.Fully electric vehicles are expected to account for more than 70% of its total European vehicle sales by 2030, compared with a previous target of 35%, the world’s second-largest carmaker said as it unveiled its ‘Accelerate’ strategy.“With Accelerate we are increasing the speed on our path to a digital future,” said Ralf Brandstaetter, who heads the Volkswagen brand and...…By , FRANKFURT (Reuters) - Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.Fully electric vehicles are expected to account for more than 70% of its total European vehicle sales by 2030, compared with a previous target of 35%, the world’s second-largest carmaker said as it unveiled its ‘Accelerate’ strategy.“With Accelerate we are increasing the speed on our path to a digital future,” said Ralf Brandstaetter, who heads the Volkswagen brand and...WW…

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowSign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right to your inbox.Something is loading.FRANKFURT (Reuters) - German authorities are trying to trace everyone who attended a church service in Frankfurt this month after more than 107 people tested positive for the coronavirus.Churches in the state of Hesse,...…Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.An icon in the shape of a person's head and shoulders. It often indicates a user profile.Redeem nowSign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right to your inbox.Something is loading.FRANKFURT (Reuters) - German authorities are trying to trace everyone who attended a church service in Frankfurt this month after more than 107 people tested positive for the coronavirus.Churches in the state of Hesse,...WW…