German finance minister sees signs ECB will raise rates

German Finance Minister Wolfgang Schaeuble listens to a news conference in the Greek ministry of finance in Athens July 18, 2013.

Credit: Reuters/John Kolesidis

BERLIN | Fri Aug 23, 2013 2:50am EDT

BERLIN (Reuters) - German Finance Minister Wolfgang Schaeuble said in a newspaper interview on Friday the European Central Bank (ECB) has made clear it will raise interest rates again once the economy improves and that he welcomed that prospect.

"Low rates are above all an expression of insecurity on debt markets. That cannot last forever - even if it is a relief to the federal budget," he said. "The central bank has announced it will raise rates again when the economy improves. That is good."

ECB chief Mario Draghi actually said after the last meeting on rates on August 1 that rates will remain low for some time. The ECB has based this 'forward guidance' on the inflation outlook remaining subdued, and growth weak.

"The Governing Council confirms that it expects the key ECB rates to remain at present or lower levels for an extended period of time," Draghi said after the ECB's August 1 meeting.

But some economists said the absence of a discussion among ECB council members about cutting rates contrasted with the previous month and could be seen as a modestly hawkish signal.

(Reporting by Stephen Brown; Editing by Paul Carrel)

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Judge signs off on IBM bribery case settlement

WASHINGTON (Reuters) - A District Court judge on Thursday approved a 2011 settlement between International Business Machines Corp and U.S. regulators over charges of foreign bribery related to improper gifts to government officials in China and South Korea.

(Reporting by Alina Selyukh; writing by Ros Krasny)

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Aston Martin Signs V8 Mercedes Engine Deal

British motoring icon Aston Martin has confirmed it has signed a technical partnership deal with Germany's Mercedes to help it to develop a new generation of models with powerful V8 engines.

As part of the deal, Mercedes owner Daimler will take a stake of up to 5% in the 100-year-old maker of the DB9 and Vanquish sports cars.

According to What Car? editor-in-chief Chas Hallett, the investment iinjection is exactly what is needed by the firm.

Mr Hallett told Sky News: "This is the deal that Aston has needed for a long time - a ready supply of world class sports car engines which it couldn't afford to develop itself.

"It's great news for the UK sports car maker."

Aston Martin became a British icon with the James Bond franchise

The investment will help Aston Martin to compete better with Volkswagen's Bentley and rival UK luxury car manufacturer Jaguar Land Rover, which was bought by India's Tata Motors in 2008 and has since achieved huge sales growth, especially in China.

No value for the Aston Martin deal was provided but the two companies said that a supply agreement between Mercedes-AMG, Daimler AG and Aston Martin was an essential element of the arrangement.

"The proposed deal will see Aston Martin access significant Mercedes-AMG GmbH and Mercedes-Benz Cars' resources," Ian Minards, Aston Martin's product development director, said in a statement.

"Allowing the development of bespoke V8 powertrains and the use of certain components of electric and electronic architecture."

Aston Martin, favoured back in the day by James Bond and the Prince of Wales, sold 2,340 cars in the nine months to September 30 last year, down 19% on 2011.

Italian private equity group Investindustrial last year bought a 37.5% stake in Aston Martin for £157m via a capital increase agreed with majority Kuwaiti owner Investment Dar.

Aston Martin said the deal would enable it to invest in new products and a technology programme to 2018.

Royal newlyweds drove off on honeymoon in Prince Charles's vintage motor

Definitive agreements concerning the new partnership will be signed during the second half of the year, Stuttgart-based Daimler said.

Earlier this week Bentley, which is owned by Volkswagen, announced a plan to make the world's most luxurious and powerful 4x4 vehicle in 2016.

The high-end luxury car sector continues to see growth above other areas, with emerging markets crucial to future strategic vision for many marques.

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Aston Martin Signs V8 Mercedes Engine Deal

British motoring icon Aston Martin has confirmed it has signed a technical partnership deal with Germany's Mercedes to help it to develop a new generation of models with powerful V8 engines.

As part of the deal, Mercedes owner Daimler will take a stake of up to 5% in the 100-year-old maker of the DB9 and Vanquish sports cars.

According to What Car? editor-in-chief Chas Hallett, the investment iinjection is exactly what is needed by the firm.

Mr Hallett told Sky News: "This is the deal that Aston has needed for a long time - a ready supply of world class sports car engines which it couldn't afford to develop itself.

"It's great news for the UK sports car maker."

Aston Martin became a British icon with the James Bond franchise

The investment will help Aston Martin to compete better with Volkswagen's Bentley and rival UK luxury car manufacturer Jaguar Land Rover, which was bought by India's Tata Motors in 2008 and has since achieved huge sales growth, especially in China.

No value for the Aston Martin deal was provided but the two companies said that a supply agreement between Mercedes-AMG, Daimler AG and Aston Martin was an essential element of the arrangement.

"The proposed deal will see Aston Martin access significant Mercedes-AMG GmbH and Mercedes-Benz Cars' resources," Ian Minards, Aston Martin's product development director, said in a statement.

"Allowing the development of bespoke V8 powertrains and the use of certain components of electric and electronic architecture."

Aston Martin, favoured back in the day by James Bond and the Prince of Wales, sold 2,340 cars in the nine months to September 30 last year, down 19% on 2011.

Italian private equity group Investindustrial last year bought a 37.5% stake in Aston Martin for £157m via a capital increase agreed with majority Kuwaiti owner Investment Dar.

Aston Martin said the deal would enable it to invest in new products and a technology programme to 2018.

Royal newlyweds drove off on honeymoon in Prince Charles's vintage motor

Definitive agreements concerning the new partnership will be signed during the second half of the year, Stuttgart-based Daimler said.

Earlier this week Bentley, which is owned by Volkswagen, announced a plan to make the world's most luxurious and powerful 4x4 vehicle in 2016.

The high-end luxury car sector continues to see growth above other areas, with emerging markets crucial to future strategic vision for many marques.

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View the original article here

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Aston Martin Signs V8 Mercedes Engine Deal

British motoring icon Aston Martin has confirmed it has signed a technical partnership deal with Germany's Mercedes to help it to develop a new generation of models with powerful V8 engines.

As part of the deal, Mercedes owner Daimler will take a stake of up to 5% in the 100-year-old maker of the DB9 and Vanquish sports cars.

According to What Car? editor-in-chief Chas Hallett, the investment iinjection is exactly what is needed by the firm.

Mr Hallett told Sky News: "This is the deal that Aston has needed for a long time - a ready supply of world class sports car engines which it couldn't afford to develop itself.

"It's great news for the UK sports car maker."

Aston Martin became a British icon with the James Bond franchise

The investment will help Aston Martin to compete better with Volkswagen's Bentley and rival UK luxury car manufacturer Jaguar Land Rover, which was bought by India's Tata Motors in 2008 and has since achieved huge sales growth, especially in China.

No value for the Aston Martin deal was provided but the two companies said that a supply agreement between Mercedes-AMG, Daimler AG and Aston Martin was an essential element of the arrangement.

"The proposed deal will see Aston Martin access significant Mercedes-AMG GmbH and Mercedes-Benz Cars' resources," Ian Minards, Aston Martin's product development director, said in a statement.

"Allowing the development of bespoke V8 powertrains and the use of certain components of electric and electronic architecture."

Aston Martin, favoured back in the day by James Bond and the Prince of Wales, sold 2,340 cars in the nine months to September 30 last year, down 19% on 2011.

Italian private equity group Investindustrial last year bought a 37.5% stake in Aston Martin for £157m via a capital increase agreed with majority Kuwaiti owner Investment Dar.

Aston Martin said the deal would enable it to invest in new products and a technology programme to 2018.

Royal newlyweds drove off on honeymoon in Prince Charles's vintage motor

Definitive agreements concerning the new partnership will be signed during the second half of the year, Stuttgart-based Daimler said.

Earlier this week Bentley, which is owned by Volkswagen, announced a plan to make the world's most luxurious and powerful 4x4 vehicle in 2016.

The high-end luxury car sector continues to see growth above other areas, with emerging markets crucial to future strategic vision for many marques.

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View the original article here

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Aston Martin Signs V8 Mercedes Engine Deal

British motoring icon Aston Martin has confirmed it has signed a technical partnership deal with Germany's Mercedes to help it to develop a new generation of models with powerful V8 engines.

As part of the deal, Mercedes owner Daimler will take a stake of up to 5% in the 100-year-old maker of the DB9 and Vanquish sports cars.

According to What Car? editor-in-chief Chas Hallett, the investment iinjection is exactly what is needed by the firm.

Mr Hallett told Sky News: "This is the deal that Aston has needed for a long time - a ready supply of world class sports car engines which it couldn't afford to develop itself.

"It's great news for the UK sports car maker."

Aston Martin became a British icon with the James Bond franchise

The investment will help Aston Martin to compete better with Volkswagen's Bentley and rival UK luxury car manufacturer Jaguar Land Rover, which was bought by India's Tata Motors in 2008 and has since achieved huge sales growth, especially in China.

No value for the Aston Martin deal was provided but the two companies said that a supply agreement between Mercedes-AMG, Daimler AG and Aston Martin was an essential element of the arrangement.

"The proposed deal will see Aston Martin access significant Mercedes-AMG GmbH and Mercedes-Benz Cars' resources," Ian Minards, Aston Martin's product development director, said in a statement.

"Allowing the development of bespoke V8 powertrains and the use of certain components of electric and electronic architecture."

Aston Martin, favoured back in the day by James Bond and the Prince of Wales, sold 2,340 cars in the nine months to September 30 last year, down 19% on 2011.

Italian private equity group Investindustrial last year bought a 37.5% stake in Aston Martin for £157m via a capital increase agreed with majority Kuwaiti owner Investment Dar.

Aston Martin said the deal would enable it to invest in new products and a technology programme to 2018.

Royal newlyweds drove off on honeymoon in Prince Charles's vintage motor

Definitive agreements concerning the new partnership will be signed during the second half of the year, Stuttgart-based Daimler said.

Earlier this week Bentley, which is owned by Volkswagen, announced a plan to make the world's most luxurious and powerful 4x4 vehicle in 2016.

The high-end luxury car sector continues to see growth above other areas, with emerging markets crucial to future strategic vision for many marques.

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