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China Fears Sink Markets Again

U.S. stocks plunged Tuesday amid new evidence that China’s stubborn economic slowdown is damaging global commerce.

Investors Betting on More ECB Stimulus

Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.

Analysis

Clashing Interests Hamstring EU Response to Crisis

Europe’s migrant struggle highlights the chasm between Europe’s principles and its ability to live up to them.

Conglomerate Honeywell Finds Love Amid the Breakups

Investors have rewarded Honeywell, even as other conglomerates have been pressured to tighten their focus.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

China Imposes New Controls to Keep Money From Leaving Country

China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep funds at home.

EU Set to Extend Sanctions on Russians, Ukraine Rebels

The EU is set to roll over until mid-March sanctions targeted against almost 200 Russian and Ukrainian-separatist individuals and firms to keep pressure on Moscow to fully implement the Minsk cease-fire terms by year end.

Russian Airline Aeroflot to Take Control of Carrier Transaero

Russia’s largest airline, state-controlled Aeroflot, will take control of the country’s No. 2 carrier Transaero in a government-brokered deal to stave off bankruptcy at the heavily indebted company.

Uber Drivers’ Suit Granted Class-Action Status

A federal judge has granted class-action status to a lawsuit claiming Uber Technologies treats its drivers like employees without providing health benefits and paying for expenses normally covered by an employer. 98

‘Super-Sizing’ Natural Gas Output

Applying newer fracking techniques to a prolific natural-gas region that straddles Louisiana and Texas could give the U.S. more—and much cheaper—supplies of the fuel for many years.

Amgen to Help Develop Novartis’s Pipeline of Alzheimer’s Drugs

Novartis AG will share the risks and rewards as Amgen Inc. will help develop its pipeline of experimental Alzheimer’s disease drugs.

Bayer Separates Material Science Business

German pharmaceuticals group Bayer has moved a step closer to floating its $12.3 billion specialty chemicals business by ‘legally and economically’ separating the unit, now named Covestro.

The Moment When Humans Matter

A string of messy market openings in recent weeks has reinvigorated a debate about the relative effectiveness of humans in the stock trade.

FHA Offers Olive Branch to Hesitant Lenders

The government is trying to coax banks back to making mortgage loans to risky borrowers, after a string of expensive disputes over a federal loan program led some banks to conclude it wasn’t worth the headaches.

Heard on the Street

In a World Awash with Gas, Why Finding More is Good for Eni

Italy’s Eni has found a big gas field in Egypt. That highlights its strengths as the company also gets its financial house in order.

Portuguese Central Bank Ends Talks With Anbang Over Novo Banco Sale

Portugal’s central bank will now enter talks with another bidder for the Portuguese bank created out of failed lender Banco Espírito Santo last year.

Death Toll Rises After Ukraine Protest Blast

The death toll from Monday’s blast outside Ukraine’s parliament rose to three, and police said the man suspected of throwing a grenade was a volunteer fighter on leave from a unit fighting Russian-backed separatists.

Main Suspect in Bangkok Bombing Arrested

Thailand’s prime minister said security forces arrested a man whom they believe to be the primary suspect in the bombing of a shrine in Bangkok last month.

China’s World

Flourishing Cities Offer Beijing a Lesson in Thinking Small

Fengdu on the Yangtze River is one of hundreds of smaller Chinese cities still bursting with consumer vitality. It’s if these striving cities lose momentum that China is in danger of failing, writes Andrew Browne.

Emails Point to Large Role for Clinton Adviser

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 59

Lebanese ‘YouStink’ Activists Occupy Minister’s Offices

Members of a grass-roots antigovernment movement occupied the offices of the environment minister in Beirut to press their demands for his resignation.

Russia Puts Off Data Showdown With Technology Firms

Facebook, Google and Twitter are among the U.S. companies that are getting more time to comply with a new law requiring Russian data centers.

Personal Tech | DxO One Review

Finally, an iPhone Camera Good Enough for a Pro

The DxO One is a tiny attachment offering a big upgrade to your iPhone camera. Geoffrey A. Fowler reviews.

Review

Thermal Cameras Reveal an Unseen World

With the Seek Compact and Flir One cameras, little $250 accessories for iPhones and Android phones give you “Predator” vision.

Intel Bets New Chips Will Revive PC Sales

Intel is overhauling its flagship line of computer chips, in a high-stakes bid to revive personal-computer sales.

Video

Hungary Stops Migrants Boarding Trains To Germany

1:46

Ukraine Protest Blast Kills Officer, Injures Dozens

0:45

Body Count Rises in Migrant Effort to Reach Europe

1:38

Management

Dealing With ‘Daddy Track’: Men Face Challenges Going Part Time

As women make strides in the workplace and men shoulder more caregiving duties at home, few fathers have workplace flexibility figured out. 64

Art

New Facial Details Surface Beneath a Rembrandt

Conservators at the Getty shed new light on an image hidden under “An Old Man in Military Costume.”

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

China Fears Sink Markets Again

U.S. stocks plunged Tuesday amid new evidence that China’s stubborn economic slowdown is damaging global commerce.

Investors Betting on More ECB Stimulus

Six months after the European Central Bank launched its blockbuster bond-buying program to rouse the region’s economy, some investors are betting that authorities will crank stimulus efforts even higher.

Analysis

Clashing Interests Hamstring EU Response to Crisis

Europe’s migrant struggle highlights the chasm between Europe’s principles and its ability to live up to them.

Conglomerate Honeywell Finds Love Amid the Breakups

Investors have rewarded Honeywell, even as other conglomerates have been pressured to tighten their focus.

Greek Polls Suggest Tough Election Test for Tsipras

Opinion polls show declining support for Greece’s Syriza party and its leader, Alexis Tsipras. But Syriza retains a lead over its opponents and the Sept. 20 election could be tight.

China Imposes New Controls to Keep Money From Leaving Country

China is imposing fresh controls to prevent too much money from leaving the country, in an effort to keep funds at home.

EU Set to Extend Sanctions on Russians, Ukraine Rebels

The EU is set to roll over until mid-March sanctions targeted against almost 200 Russian and Ukrainian-separatist individuals and firms to keep pressure on Moscow to fully implement the Minsk cease-fire terms by year end.

Russian Airline Aeroflot to Take Control of Carrier Transaero

Russia’s largest airline, state-controlled Aeroflot, will take control of the country’s No. 2 carrier Transaero in a government-brokered deal to stave off bankruptcy at the heavily indebted company.

Uber Drivers’ Suit Granted Class-Action Status

A federal judge has granted class-action status to a lawsuit claiming Uber Technologies treats its drivers like employees without providing health benefits and paying for expenses normally covered by an employer. 99

‘Super-Sizing’ Natural Gas Output

Applying newer fracking techniques to a prolific natural-gas region that straddles Louisiana and Texas could give the U.S. more—and much cheaper—supplies of the fuel for many years.

Amgen to Help Develop Novartis’s Pipeline of Alzheimer’s Drugs

Novartis AG will share the risks and rewards as Amgen Inc. will help develop its pipeline of experimental Alzheimer’s disease drugs.

Bayer Separates Material Science Business

German pharmaceuticals group Bayer has moved a step closer to floating its $12.3 billion specialty chemicals business by ‘legally and economically’ separating the unit, now named Covestro.

The Moment When Humans Matter

A string of messy market openings in recent weeks has reinvigorated a debate about the relative effectiveness of humans in the stock trade.

FHA Offers Olive Branch to Hesitant Lenders

The government is trying to coax banks back to making mortgage loans to risky borrowers, after a string of expensive disputes over a federal loan program led some banks to conclude it wasn’t worth the headaches.

Heard on the Street

In a World Awash with Gas, Why Finding More is Good for Eni

Italy’s Eni has found a big gas field in Egypt. That highlights its strengths as the company also gets its financial house in order.

Portuguese Central Bank Ends Talks With Anbang Over Novo Banco Sale

Portugal’s central bank will now enter talks with another bidder for the Portuguese bank created out of failed lender Banco Espírito Santo last year.

Death Toll Rises After Ukraine Protest Blast

The death toll from Monday’s blast outside Ukraine’s parliament rose to three, and police said the man suspected of throwing a grenade was a volunteer fighter on leave from a unit fighting Russian-backed separatists.

Main Suspect in Bangkok Bombing Arrested

Thailand’s prime minister said security forces arrested a man whom they believe to be the primary suspect in the bombing of a shrine in Bangkok last month.

China’s World

Flourishing Cities Offer Beijing a Lesson in Thinking Small

Fengdu on the Yangtze River is one of hundreds of smaller Chinese cities still bursting with consumer vitality. It’s if these striving cities lose momentum that China is in danger of failing, writes Andrew Browne.

Emails Point to Large Role for Clinton Adviser

Longtime aide Sidney Blumenthal maintained an outsize role with Secretary of State Hillary Clinton, despite being blocked from taking a job at the department. 61

Lebanese ‘YouStink’ Activists Occupy Minister’s Offices

Members of a grass-roots antigovernment movement occupied the offices of the environment minister in Beirut to press their demands for his resignation.

Russia Puts Off Data Showdown With Technology Firms

Facebook, Google and Twitter are among the U.S. companies that are getting more time to comply with a new law requiring Russian data centers.

Personal Tech | DxO One Review

Finally, an iPhone Camera Good Enough for a Pro

The DxO One is a tiny attachment offering a big upgrade to your iPhone camera. Geoffrey A. Fowler reviews.

Review

Thermal Cameras Reveal an Unseen World

With the Seek Compact and Flir One cameras, little $250 accessories for iPhones and Android phones give you “Predator” vision.

Intel Bets New Chips Will Revive PC Sales

Intel is overhauling its flagship line of computer chips, in a high-stakes bid to revive personal-computer sales.

Video

Hungary Stops Migrants Boarding Trains To Germany

1:46

Ukraine Protest Blast Kills Officer, Injures Dozens

0:45

Body Count Rises in Migrant Effort to Reach Europe

1:38