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Europe Top News and Analysis Germany

  • The chief executive of DaimlerChrysler, Dieter Zetsche, said it would be difficult to break up Chrysler, as analysts and other experts have speculated recently, due to an integrated production system that binds together its various brands, The New York Times said.

  • DaimlerChrysler Chief Executive Dieter Zetsche said last month's announcement that all options are on the table for Chrysler has hurt the U.S. car maker's sales, CNBC's Phil LeBeau reported. "Yes, we have seen an impact," Zetsche told LeBeau in a 30-minute interview at the Geneva Motor Show.

  • Enel shares outperformed a falling European stock market on Monday on a report Germany's E.ON could buy shares in its Italian rival as a bargaining tool in their battle over Spanish power firm Endesa.

  • Private equity buyout firm Silver Lake Partners is interested in buying a part of SAP, Germany's leading business software company, German magazine Wirtschaftswoche reported Monday.

  • German retail sales fell 1.4% in January from the same month last year as a hefty increase in value-added tax took effect, according to government figures released Friday.

  • Deutsche Telekom said on Thursday it was seeking acquisitions to fuel growth as Europe's largest telecoms operator blamed fierce competition and staff costs for a 43% drop in annual net profit.

  • German carmakers BMW and DaimlerChrysler have agreed to co-develop hybrid transmission systems for rear-wheel-drive premium cars, they said on Thursday.

  • Germany's Cabinet on Wednesday approved a plan to ban smoking on public transport and in federal buildings, but left open the possibility of special rooms being set aside for smokers.

  • Germany's unemployment rate fell in seasonally unadjusted terms to 10.1% in February from 10.2% the month before, the country's Federal Labor Office said Wednesday, a sign that companies continued to hire more workers.

  • Volkswagen said Tuesday it has increased its stake in German truckmaker MAN to nearly 30%, a move that would give it a better say in guiding the company toward a friendly alliance with Swedish truckmaker Scania.

  • Consumer confidence in Europe's biggest economy fell despite Germany's economic upswing, as higher value-added tax discouraged spending, according to a forecast of consumer sentiment for March.

  • German business sentiment for February dipped further than analysts’ expectations, with the retail sector showing the bulk of the weakness, according to the Ifo economic research institute’s data released Friday.

  • Germany's budget deficit in 2006 fell even lower than predicted to 1.7% of gross domestic product, a government agency said Thursday.

  • Broadcaster proSiebenSat.1  said Thursday its fourth-quarter profit was up 17% because of increased advertising but the figure was still shy of what analysts had expected.

  • Insurer Allianz on Thursday said fourth-quarter profit rose 57% as fewer claims were made.

  • Airbus said Monday it postponed a news conference at which it had been expected to announce its long-awaited restructuring strategy.

  • Europe will start the week without the aid of U.S. and Asia as President’s Day and Chinese New Year mean both markets will be closed on Monday 19th.

  • Commerzbank raised its earnings target for this year after bumping up the dividend on the back of a record 2006 net profit that cemented the group's return to financial health.

  • Germany's Federal Statistics Office on Tuesday raised its overall 2006 gross domestic product growth estimate after fourth-quarter results came in much stronger than expected.

  • Germany's KarstadtQuelle, owner of tour operator Thomas Cook, agreed Monday to merge with British package holiday company MyTravel.