Daimler will keep its holding in the European aerospace group EADS at 15 percent and will not retrieve a 7.5-percent stake from German banks, the carmaker's finance director said on Tuesday.
The Franco-German aerospace group EADS soared back into the black and exceeded expectations on Tuesday by posting a 2008 net profit of €1.572 billion ($1.987 billion).
Germany is considering financial aid for clients of aerospace giant Airbus struggling to raise capital from banks, a junior minister told AFP on Tuesday.
Kurt Volker, the US ambassador to NATO, on Tuesday suggested Germany could use a Boeing military transport plane to solve its heavy lift needs instead of the troubled A400M programme.
The financial director of European aerospace giant EADS, Hans-Peter Ring, has been questioned as a witness in connection with a French probe into alleged insider trading in the group's shares, a German press report said Monday.
A former top Airbus executive and current head of a German EADS plant, Andreas Sperl, was held for questioning in France on Wednesday for alleged insider trading.
The German former chief executive of Airbus, Gustav Humbert, was charged Wednesday with insider trading at the planemaker's parent company EADS, a legal source said.
The former German chief executive of airplane maker Airbus, Gustav Humbert, is in French custody for questioning over alleged insider trading and will go before a judge Wednesday to face possible charges, a source close to the case said.
Talks by EADS to sell three German plants to the private equity firm Cerberus and OHB Technology's MT Aerospace unit have collapsed, it's aircraft manufacturing unit Airbus said on Thursday.
European aircraft manufacturer EADS has reported decreasing sales and profits for 2007. But shareholders will get additional dividends in return for their loyalty.
European aeronautics giant EADS has broken into the US defense market with a new multi-billion dollar contract, but US officials are furious that US rival Boeing was snubbed.
