Tag: Germany

Reward for failure?

businessman-hands-euro-banknotes-money-bag-28941305The EU plans to contribute €6.3m to a support package for 611 Danish workers laid off by wind turbine giant Vestas because they were victims of Chinese competition.

The European Commission set up its little-known European Globalisation Adjustment Fund back in 2007 to help European workers who loses their jobs due to ‘changing global trade patterns’. (continue reading…)

Chinese car market stalls

byd-e6-610.jpgCould electric vehicles help recharge China’s sluggish car market? BYD hopes so as it announces Denza, the new marque for electric vehicles produced by its 50:50 JV with Germany’s Mercedes-Benz.

BYD is making a lot of noise about its electric vehicles and clearly hopes a prestigious western partner will win Chinese buyers over to EVs.
(continue reading…)

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Chinese solar market to eclipse west

appliedmaterials.jpgChina makes a lot of solar panels but most of them currently go for export causing western rivals to complain that Chinese over-production and price competition is destroying their once healthy markets.

But that situation could soon change, says Mark Pinto, corporate CTO at Applied Materials, the US maker of chip manufacturing equipment, in this WSJ article.

(continue reading…)

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