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Analysis: The ECB’s September Press Conference

The ECB left interest rates unchanged at record lows amid a sluggish eurozone economy and persistently weak inflation. Investors are looking for clues on whether thinking on stimulus has changed in light of turbulent financial markets and worries about China.

Global Markets Bounce Back

Stocks around the world extended gains as investors looked for signals of how central banks will contend with upheaval in financial markets.

China Flexes Its Muscle at Military Parade

With an extravagant parade, President Xi Jinping made the most forceful display yet of China’s expanding military muscle and his own grip on power, after weeks of rising concern about economic challenges and disunity at the top.

Inside Uber’s Fight With Its Chinese Nemesis

China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi. The two companies are fighting to raise funds for expansion while they compete to woo drivers to their private-car-hailing services and navigate China’s tough regulatory environment.

Syrians Take Arctic Route to Europe

More than 150 refugees have entered Norway from Arctic Russia this year—a fraction of the estimated half-million people who have sought asylum in Europe, but the flow is quickening as Syrians share the tip for a cheaper and safer route.

Image of Syrian Boy Washed Up on Beach Hits Hard

Horrifying and captivating images of a dead three-year-old Syrian boy washed ashore on a Turkish beach reverberated around global media on Thursday, as fresh details emerged about the child’s life and his final journey.

Hungary’s Leader Says Migrant Crisis Is Germany’s Problem

Hundreds of migrants rushed trains at Hungary’s main international station as the country’s Prime Minister Viktor Orban blamed Germany for Europe’s migration crisis and warned that border-free travel within the bloc is at risk.

Europe File

Tsipras Moves Greece Past Austerity Debate

Greeks can now have a conventional political debate on the choices needed to hit its bailout targets.

Netanyahu to Continue Campaign Against Iran Deal

Israeli Prime Minister Benjamin Netanyahu will keep up his campaign against the nuclear deal with Iran, despite his failed lobbying effort to scuttle it in the U.S. Congress, a senior Israeli official said.

NATO Opens Military Post in Lithuania

The North Atlantic Treaty Organization inaugurated a new command post in Vilnius Lithuania, one of six across the alliance’s eastern border meant to shore up the region’s defenses against Russia.

French Farmers Stage Paris Tractor Protest

Farmers converged on Paris, blocking streets in the east of the city with more than 1,000 tractors and gathering at the National Assembly to protest against high costs and low food prices.

Foreign Firms Feel China’s Chill

Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of foreign funds and investment banks that had bet on bigger business in China.

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Credit-Card Fraudsters Pump Gas Stations for Profit

A delay in guidelines encouraging gas stations to upgrade their equipment leaves them more vulnerable to credit-card fraud than other sectors.

As motorists head out on the last big driving weekend of the summer, the credit-card industry and gas-station owners are deploying everything from sophisticated software to heavy-duty padlocks to combat an epidemic of fuel-related theft and fraud.

Krom River Closes Commodity Hedge Fund

Commodity hedge fund Krom River, which managed around $1 billion at its peak, is returning money to investors as it plans a shift in focus following a tough period for commodities funds.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-TV group amid falling subscriber numbers.

Novartis to Begin Selling Copy of Amgen’s Neupogen in U.S.

Novartis said it will begin selling the first biosimilar drug in the U.S. after an appeals court denied Amgen’s request to block the Swiss drug maker’s sale of its copycat version of blockbuster remedy Neupogen.

Syngenta Moves to Calm Disappointed Shareholders

Syngenta moved to appease shareholders angered by its rejection of a takeover from Monsanto, saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders.

Soda, Health Officials Duke It Out

The soda industry is playing a never-ending game of Whac-A-Mole with health officials and anti-obesity campaigns in cities across the country. When it beats down critics in one place, they pop up in another.

Small Firms Slow to Embrace Chip-Card System

Many small businesses aren’t racing to update their checkout systems ahead of an Oct. 1 shift that will put merchants on the hook for some fraudulent card charges.

Obama Locks in Votes to Secure Iran Nuclear Deal

President Barack Obama locked in enough support in Congress to ensure he can overcome bipartisan opposition and implement a landmark nuclear accord with Iran. 1854

Solitary Confinement Poses ‘Grave Problem,’ Study Says

Prisons are holding as many as 100,000 inmates in solitary confinement, a striking figure that poses a “grave problem” for the criminal justice system, according to a study. 59

Emails Point to Large Role for Clinton Adviser Blumenthal

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 189

Court Weighs Request to Immediately Stop Phone-Data Collection

An appeals court panel is considering whether to allow the government to continue the bulk collection of phone records during a six-month transition period until a new law kicks in prohibiting the controversial program.

Biden’s Florida Trip Draws Campaign-Level Attention

Vice President Joe Biden received full-court national attention for an otherwise routine visit to Miami Dade College, with dozens of television cameras, photographers and reporters there to cover his 30 minutes of remarks.

Video

Suicide Bombings at Yemen Mosque Kill at Least 22

1:20

Hungarian Police Struggle to Control Migrants

2:02

The Iran Nuclear Deal Explained

3:34

20 Odd Questions

Manolo Blahnik on Old Films and Kate Moss

The shoe designer on what he’d blow his money on, the drama behind Kate Moss’s wedding shoes and exactly how he feels about fake Manolos.

WSJ. Magazine

Robert Redford: From Sundance Kid to Hollywood Legend

The legendary actor is as busy as ever, with starring roles in the film adaptation of Bill Bryson’s ‘A Walk in the Woods’ and in the forthcoming drama, ‘Truth.’

WSJ Blogs

Real-time commentary and analysis from The Wall Street Journal
Die Seite Drei
Schnelle Analysen und Beobachtungen zum Zeitgeschehen

Piëch schielt auf weitere Konzernmarken – Aber welche?

Ferdinand Piëch ist für seine nebulösen Ankündigungen berühmt – und berüchtigt. Gerne lässt der Volkswagen-Patriarch in einem Nebensatz Worte fallen, die die gesamte Branche in Aufruhr versetzen. In einem jüngst veröffentlichten Interview mit dem ADAC-Magazin Motorwelt war es wieder einmal soweit.

Auf die Frage, mit welchem Auto seine zwölf Kinder in zehn Jahren unterwegs sein werden, antwortete Piëch: „Auf jeden Fall mit einem aus den mindestens 13 Marken unseres Konzerns“.

dapd
Ferdinand Piech  und seine Frau Ursula. Foto: Jens Schlueter/dapd

An sich scheint diese Aussage nicht besonders aufregend zu sein. Doch, Moment, überlegt vielleicht der autointeressierte Leser. Wie viele Marken hat der Weltkonzern aus Wolfsburg derzeit eigentlich?

Zählen wir durch: VW, Audi, Porsche, Bentley, Bugatti, Lamborghini, Seat, Skoda, MAN, Scania und Ducati. Rechnet man noch VW Nutzfahrzeuge als eigene Marke dazu, ist genau ein Dutzend voll. Fehlt also mindestens eine Marke, um auf die 13 zu kommen, zwischen denen die Piech-Kinder wählen werden.

Nun lässt sich trefflich darüber spekulieren, wo VW seine fortgesetzte Einkaufstour fortsetzen könnte. Werden die Niedersachsen einen weiteren Versuch starten, Alfa Romeo von Fiat loszueisen, obwohl sich Vorstandschef Sergio Marchionne mehrfach unwillig zeigte, die Sportwagenmarke aufzugeben?

Oder ist Marke mit der Nummer 13 – und hier würde es spannend – vielleicht eine neue Marke für das Einstiegsauto in Schwellenländern, über die in der Branche spekuliert wird? Vorstandschef Martin Winterkorn machte vor wenigen Wochen zumindest deutlich, dass eine solche Marke wohl eher nicht den Namen Volkswagen tragen wird.

In Wolfsburg gibt man sich schmallippig und will sich nicht zu den Aussagen des Strippenziehers äußern. Denn auch das ist typisch Piëch: Konkreter wurde er in dem Interview nicht. Er beließ es bei einer Andeutung.

Eines sollte aber klar sein: Die Wahrscheinlichkeit, dass Piëch eine solche Andeutung zufällig macht, auch in einem Publikumsmagazin wie der Motorwelt, wo es den meisten Lesern entgeht, tendiert gegen Null. Der Österreicher überlässt nichts dem Zufall. Ein Beispiel: Auf der IAA in Frankfurt sagte er auf die Frage nach der künftigen Konzernstruktur, dass ein Dutzend sich gut merken lasse. Heute hat VW wie oben aufgezählt zwölf Marken.

Auf dem Genfer Autosalon, der in knapp einem Monat stattfinden wird, sollte alleine das Interview des VW-Firmenpatriarchen in einem Club-Magazin für ausreichend Gesprächsstoff gesorgt haben. Vielleicht legt Piëch in der Schweiz ja sogar noch einmal nach. Schließlich nutzt er die erste Branchenmesse des Jahres in Europa gerne als Bühne. Eins ist aber auf jeden Fall sicher: Es bleibt spannend bei Volkswagen.

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Die Seite Drei – Über uns

  • Schnell und kurz bringt „Die Seite Drei“ Einschätzungen, Hintergründe und Ergänzungen zu den Berichten des Wall Street Journal Deutschland. Hier bloggt die ganze Redaktion.

    Hinweise zu Themen, Anregungen und Ihre Fragen nehmen wir unter redaktion@wallstreetjournal.de entgegen.

The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video
Search

Live

Analysis: The ECB’s September Press Conference

The ECB left interest rates unchanged at record lows amid a sluggish eurozone economy and persistently weak inflation. Investors are looking for clues on whether thinking on stimulus has changed in light of turbulent financial markets and worries about China.

Global Markets Bounce Back

Stocks around the world extended gains as investors looked for signals of how central banks will contend with upheaval in financial markets.

China Flexes Its Muscle at Military Parade

With an extravagant parade, President Xi Jinping made the most forceful display yet of China’s expanding military muscle and his own grip on power, after weeks of rising concern about economic challenges and disunity at the top.

Inside Uber’s Fight With Its Chinese Nemesis

China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi. The two companies are fighting to raise funds for expansion while they compete to woo drivers to their private-car-hailing services and navigate China’s tough regulatory environment.

Syrians Take Arctic Route to Europe

More than 150 refugees have entered Norway from Arctic Russia this year—a fraction of the estimated half-million people who have sought asylum in Europe, but the flow is quickening as Syrians share the tip for a cheaper and safer route.

Image of Syrian Boy Washed Up on Beach Hits Hard

Horrifying and captivating images of a dead three-year-old Syrian boy washed ashore on a Turkish beach reverberated around global media on Thursday, as fresh details emerged about the child’s life and his final journey.

Hungary’s Leader Says Migrant Crisis Is Germany’s Problem

Hundreds of migrants rushed trains at Hungary’s main international station as the country’s Prime Minister Viktor Orban blamed Germany for Europe’s migration crisis and warned that border-free travel within the bloc is at risk.

Europe File

Tsipras Moves Greece Past Austerity Debate

Greeks can now have a conventional political debate on the choices needed to hit its bailout targets.

Netanyahu to Continue Campaign Against Iran Deal

Israeli Prime Minister Benjamin Netanyahu will keep up his campaign against the nuclear deal with Iran, despite his failed lobbying effort to scuttle it in the U.S. Congress, a senior Israeli official said.

NATO Opens Military Post in Lithuania

The North Atlantic Treaty Organization inaugurated a new command post in Vilnius Lithuania, one of six across the alliance’s eastern border meant to shore up the region’s defenses against Russia.

French Farmers Stage Paris Tractor Protest

Farmers converged on Paris, blocking streets in the east of the city with more than 1,000 tractors and gathering at the National Assembly to protest against high costs and low food prices.

Foreign Firms Feel China’s Chill

Market turmoil and Beijing’s crackdown on brokers and investors is complicating the plans of foreign funds and investment banks that had bet on bigger business in China.

Devaluation Strengthens China’s Hand at IMF

Beijing’s careful management of its currency since its devaluation last month is bolstering China’s bid to get the yuan included in the IMF’s basket of reserve currencies as soon as November.

Credit-Card Fraudsters Pump Gas Stations for Profit

A delay in guidelines encouraging gas stations to upgrade their equipment leaves them more vulnerable to credit-card fraud than other sectors.

As motorists head out on the last big driving weekend of the summer, the credit-card industry and gas-station owners are deploying everything from sophisticated software to heavy-duty padlocks to combat an epidemic of fuel-related theft and fraud.

Krom River Closes Commodity Hedge Fund

Commodity hedge fund Krom River, which managed around $1 billion at its peak, is returning money to investors as it plans a shift in focus following a tough period for commodities funds.

Vivendi Chairman Ousts Longtime Chief of Canal Plus

French billionaire and Vivendi Chairman Vincent Bolloré has ousted the longtime chief of Canal Plus, further tightening his grip over the Vivendi-owned pay-TV group amid falling subscriber numbers.

Novartis to Begin Selling Copy of Amgen’s Neupogen in U.S.

Novartis said it will begin selling the first biosimilar drug in the U.S. after an appeals court denied Amgen’s request to block the Swiss drug maker’s sale of its copycat version of blockbuster remedy Neupogen.

Syngenta Moves to Calm Disappointed Shareholders

Syngenta moved to appease shareholders angered by its rejection of a takeover from Monsanto, saying it will divest its global vegetables seeds business and return more than $2 billion to shareholders.

Soda, Health Officials Duke It Out

The soda industry is playing a never-ending game of Whac-A-Mole with health officials and anti-obesity campaigns in cities across the country. When it beats down critics in one place, they pop up in another.

Small Firms Slow to Embrace Chip-Card System

Many small businesses aren’t racing to update their checkout systems ahead of an Oct. 1 shift that will put merchants on the hook for some fraudulent card charges.

Obama Locks in Votes to Secure Iran Nuclear Deal

President Barack Obama locked in enough support in Congress to ensure he can overcome bipartisan opposition and implement a landmark nuclear accord with Iran. 1854

Solitary Confinement Poses ‘Grave Problem,’ Study Says

Prisons are holding as many as 100,000 inmates in solitary confinement, a striking figure that poses a “grave problem” for the criminal justice system, according to a study. 59

Emails Point to Large Role for Clinton Adviser Blumenthal

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 189

Court Weighs Request to Immediately Stop Phone-Data Collection

An appeals court panel is considering whether to allow the government to continue the bulk collection of phone records during a six-month transition period until a new law kicks in prohibiting the controversial program.

Biden’s Florida Trip Draws Campaign-Level Attention

Vice President Joe Biden received full-court national attention for an otherwise routine visit to Miami Dade College, with dozens of television cameras, photographers and reporters there to cover his 30 minutes of remarks.

Video

Suicide Bombings at Yemen Mosque Kill at Least 22

1:20

Hungarian Police Struggle to Control Migrants

2:02

The Iran Nuclear Deal Explained

3:34