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...their doors for good. Meanwhile, each of the Big Six (the three domestic carmakers plus Toyota, Honda and Nissan, which together account for 75% of all vehicle sales in the U.S.) reported double-digit declines in sales. The declines ranged from 11% at Ford to nearly 42% at Chrysler. German automakers such as Volkswagen, BMW, Porsche and Mercedes-Benz also reported double-digit declines. (See the 50 worst cars of all time...
...German carmakers faring? They aren't doing great. Volkswagen, BMW, Porsche and Mercedes-Benz have all reported double-digit sales declines so far this year. On the plus side, the overall German share of the market is up slightly, but hanging on doesn't guarantee success. Both Porsche, which is in danger of being swallowed by BMW, and Mercedes-Benz parent Daimler AG have gone to the Middle East for more cash...
...German government held high-level talks with top security and intelligence chiefs in Berlin on Thursday to discuss the growing threat posed by Islamic extremists and to coordinate counterterrorism measures. Intelligence officials are alarmed by the rising number of videos posted online by militant Islamists who say they are specifically targeting Germany. Up to 13 videos are reported to have appeared on the Web since January, many of them referring to the deployment of German troops in Afghanistan. (See pictures of U.S. Marines opening a new offensive in Afghanistan...
...just concerned about the video messages," Deputy Interior Minister August Hanning told reporters after Thursday's meeting. "They're part of a wider strategy to take action against Germany." He stressed that authorities are taking the video threats seriously. "Germany and German citizens have for some time been a special focus for Islamist terrorists," he said. "We have to prepare for the fact there could be attacks against German installations abroad or here in Germany...
...According to authorities, recent intelligence shows a growing number of Islamic extremists leaving Germany to receive terrorism training at camps in Pakistan. Meanwhile, other reports have Islamic extremists setting off from Pakistan to carry out deadly attacks in Europe, possibly including Germany. According to a report on the German public television channel ZDF, intelligence officials received a tip in May that an al-Qaeda commando had left Pakistan to launch terrorist attacks in Western Europe. The commando is reported to be made up of 15 men - including Americans, Arabs, Chechens and four Germans - allegedly under the leadership of al-Qaeda...