Word: zu
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When Karl-Theodor zu Guttenberg jets into Washington this Sunday he plans on asking some tough questions. Germany's new Economy Minister is due to meet U.S. Treasury Secretary Timothy Geithner and bosses at embattled American carmaker General Motors. Opel, a Germany-based division of GM, is fast running out of cash and GM and Opel bosses recently went cap in hand to Berlin to ask for $4.25 billion in state aid. In return, GM say they will restructure Opel by cutting costs and loosening the company's ties with the parent company in Detroit. Opel would become an autonomous...
...After meeting GM executives in Germany on March 6th, Zu Guttenberg said there were still "many questions that need to be cleared up." A few days later he suggested that insolvency might be a better solution for Opel than a state bailout. (See pictures...
...deciding whether to trust GM falls to Zu Guttenberg, who took up his new job just four weeks ago. At 37, he's the youngest economy minister in Germany's post-war history and already he's being hailed as one of the country's most popular politicians. With his slicked-back hair, and boyish good looks, Zu Guttenberg exudes the one thing which most German politicians lack: charisma. Unlike his predecessor Michael Glos, a 64 year-old political veteran who shied away from the cameras, Zu Guttenberg has gone on a major media offensive...
...billion, including ordering 13,000 Jaguar cars. And while thousands of German auto workers marched in protest at layoffs in the country's debt-ridden auto industry, the Chinese delegates signed a deal to buy $2.2. billion worth of BMWs and Daimlers. Germany's new Economy Minister Karl-Theodor zu Guttenberg told reporters in Berlin that the Chinese visit had "come at the right time...
...While stability in Iraq is still shaky, Germany wants to make sure it gets a piece of the reconstruction pie early. As Steinmeier made the rounds in Baghdad during his unannounced trip, German Economy Minister Karl-Theodor zu Guttenberg was back in Berlin touting the initiative as seeking to "contribute to reviving the once intensive economic relations between Germany and Iraq...