Trouble in Germany: Munich-based Siemens AG, Europe's largest engineering company, said on July 22 that it will eliminate more jobs on top of previously announced 17,000 reductions.
"We are bracing for a continuously difficult and volatile environment" for the rest of 2009, Friedrich Eichiner, chief financial officer at Bayerische Motoren Werke AG, said on Aug. 4. Even with "slightly more positive" business projected for the second half, the world's largest maker of luxury cars will face a "harshly competitive" market, he said. More at: http://www.bloomberg.com/apps/news?pid=20601087&sid=ayUXqbkplIQc