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Stocks Fall to Cap Wild Month

Global stock markets headed lower at the end of a turbulent month that was dominated by concerns over China and the timing of a U.S. interest rate rise.

Merkel Urges Europe to Move on Migrant Crisis

German Chancellor Angela Merkel called on Europe to tackle the migrant crisis and agree on a fair distribution of people, warning that failing to do so might put the EU’s open-border policy at risk.

Iran Deal Could Open Door to Gulf Businesses

While executives in the Gulf see opportunities, the region’s governments remain at loggerheads on other issues.

Islamic State Blows Up Temple of Bel in Syria’s Palmyra

Islamic State has partially destroyed Palmyra’s 2,000-year-old Temple of Bel in a massive explosion, the latest in a series of attacks by the militants on the Syrian city’s famed historic sites. 152

Ukrainian National Guard Officer Killed, Dozens Injured in Protest Blast

One member of Ukraine’s National Guard was killed and at least 69 others were injured outside the country’s parliament, as fighting broke out between protesters and law-enforcement officers.

Eurozone Inflation Stays Low

Eurozone consumer prices were barely higher than a year earlier in August, keeping pressure on the European Central Bank to consider additional stimulus measures to bring inflation closer to its target near 2%.

Fed Appears to Hold Line on Rate Plan

Federal Reserve officials emerged from a week of head-spinning financial turbulence largely sticking to their plan to raise U.S. interest rates before the end of the year. 93

Google, Sanofi Team Up on Diabetes Research

The Internet company said its health-care research unit plans to work with European pharmaceutical major Sanofi on new ways to monitor and treat the condition.

Gazprom Posts 29% Net Profit Growth

Russian state gas giant PAO Gazprom said net profit for the second quarter was up 29% from the same period last year as a higher ruble price made up for lower sale volumes in its most-lucrative European market.

Apple, Cisco Unveil Business Partnership

Apple and Cisco Systems are teaming up to help bring more iPhones and iPads to business users.

Iliad Lifted by New Mobile Clients

Iliad said net profit rose 16% in the first half as the French low-cost telecom company continued to win over new mobile clients with its ultracheap tariff plans.

Oil Rallies Into Bull Market Territory

U.S. oil prices jumped 8.8% Monday amid speculation that oil-producing nations might be willing to agree to output cuts to shrink the global glut of crude oil.

Abreast of the Market

Rocky Markets Could Be Good for These Stocks

Exchanges and market makers are getting a fresh look from portfolio managers seeking out investments likely to benefit from the large market swings.

Dollar Slumped Against Euro, Yen in August

The dollar retreated against the euro and the yen in August as rising concerns over global growth and inflation moved investors to push back expectations for higher U.S. interest rates and exit from some of their large consensus trades.

China’s Two-Yuan Dilemma

Since China devalued the yuan on Aug. 11, the spread between its value in Hong Kong and in the mainland has widened—a complication for Beijing’s ambitions to raise the currency’s global profile.

China ‘Punishes’ Nearly 200 People for Spreading Rumors

Sweep targets people who the government said spread false Internet rumors regarding the stock-market turmoil and deadly blasts in Tianjin. 51

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden and now also reluctantly find themselves in the business of nation-building.

Biden Faces Narrow Path

As Vice President Joe Biden weighs a presidential bid, he must confront a number of fundamental questions. Among them: Does he have a viable path through an electoral map that is becoming more treacherous? 316

France to Finance Tax Cuts With Cost Savings

The French government says it can find $2.2 billion worth of savings in 2016 to pay for tax cuts for households without sacrificing France’s commitment to reduce the budget deficit.

Climate Change Builds as 2016 Issue

President Barack Obama’s trip to Alaska’s Arctic on Monday will likely reverberate much farther south, on the 2016 presidential campaign trail, where global warming is expected to emerge as a key issue. 589

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 127

Eni Reports Huge Natural-Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

U.K. Approves Giant North Sea Gas Project

A.P. Møller-Maersk A/S said it has received approval to develop the $4.5 billion Culzean gas field, the largest new find in the U.K. North Sea for a decade.

Startups Put Data in Farmers’ Hands

Farmers and startups like Farmobile and Granular are starting to compete with agribusiness giants over the newest commodity being harvested on U.S. farms—data.

Video

Ukraine Protest Blast Kills Officer, Injures Dozens

0:45

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11

For a Triathlon Junkie, Training In Wind, in Water and on Weekends

Triathlete Tony Pritzker, who has completed 10 Half Ironman and eight Ironman races, packs training into his social life to keep up with his schedule of endurance events.

IMAGE 1 of 12

Video Music Awards 2015

Kanye West gave a long rant at the MTV Video Music Awards as he apologized to Taylor Swift for taking her microphone in 2009. Swift presented West with the Michael Jackson Video Vanguard Award. Earlier, she and Nicki Minaj buried their beef by joining forces onstage.

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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

Stocks Fall to Cap Wild Month

Global stock markets headed lower at the end of a turbulent month that was dominated by concerns over China and the timing of a U.S. interest rate rise.

Merkel Urges Europe to Move on Migrant Crisis

German Chancellor Angela Merkel called on Europe to tackle the migrant crisis and agree on a fair distribution of people, warning that failing to do so might put the EU’s open-border policy at risk.

Iran Deal Could Open Door to Gulf Businesses

While executives in the Gulf see opportunities, the region’s governments remain at loggerheads on other issues.

Islamic State Blows Up Temple of Bel in Syria’s Palmyra

Islamic State has partially destroyed Palmyra’s 2,000-year-old Temple of Bel in a massive explosion, the latest in a series of attacks by the militants on the Syrian city’s famed historic sites. 152

Ukrainian National Guard Officer Killed, Dozens Injured in Protest Blast

One member of Ukraine’s National Guard was killed and at least 69 others were injured outside the country’s parliament, as fighting broke out between protesters and law-enforcement officers.

Eurozone Inflation Stays Low

Eurozone consumer prices were barely higher than a year earlier in August, keeping pressure on the European Central Bank to consider additional stimulus measures to bring inflation closer to its target near 2%.

Fed Appears to Hold Line on Rate Plan

Federal Reserve officials emerged from a week of head-spinning financial turbulence largely sticking to their plan to raise U.S. interest rates before the end of the year. 93

Google, Sanofi Team Up on Diabetes Research

The Internet company said its health-care research unit plans to work with European pharmaceutical major Sanofi on new ways to monitor and treat the condition.

Gazprom Posts 29% Net Profit Growth

Russian state gas giant PAO Gazprom said net profit for the second quarter was up 29% from the same period last year as a higher ruble price made up for lower sale volumes in its most-lucrative European market.

Apple, Cisco Unveil Business Partnership

Apple and Cisco Systems are teaming up to help bring more iPhones and iPads to business users.

Iliad Lifted by New Mobile Clients

Iliad said net profit rose 16% in the first half as the French low-cost telecom company continued to win over new mobile clients with its ultracheap tariff plans.

Oil Rallies Into Bull Market Territory

U.S. oil prices jumped 8.8% Monday amid speculation that oil-producing nations might be willing to agree to output cuts to shrink the global glut of crude oil.

Abreast of the Market

Rocky Markets Could Be Good for These Stocks

Exchanges and market makers are getting a fresh look from portfolio managers seeking out investments likely to benefit from the large market swings.

Dollar Slumped Against Euro, Yen in August

The dollar retreated against the euro and the yen in August as rising concerns over global growth and inflation moved investors to push back expectations for higher U.S. interest rates and exit from some of their large consensus trades.

China’s Two-Yuan Dilemma

Since China devalued the yuan on Aug. 11, the spread between its value in Hong Kong and in the mainland has widened—a complication for Beijing’s ambitions to raise the currency’s global profile.

China ‘Punishes’ Nearly 200 People for Spreading Rumors

Sweep targets people who the government said spread false Internet rumors regarding the stock-market turmoil and deadly blasts in Tianjin. 51

U.A.E. Takes Lead in Southern Yemen

U.A.E. forces prevented Houthi rebels in Yemen from overrunning the Yemeni port city of Aden and now also reluctantly find themselves in the business of nation-building.

Biden Faces Narrow Path

As Vice President Joe Biden weighs a presidential bid, he must confront a number of fundamental questions. Among them: Does he have a viable path through an electoral map that is becoming more treacherous? 316

France to Finance Tax Cuts With Cost Savings

The French government says it can find $2.2 billion worth of savings in 2016 to pay for tax cuts for households without sacrificing France’s commitment to reduce the budget deficit.

Climate Change Builds as 2016 Issue

President Barack Obama’s trip to Alaska’s Arctic on Monday will likely reverberate much farther south, on the 2016 presidential campaign trail, where global warming is expected to emerge as a key issue. 589

Suppliers Feel Pain as Coal Miners Struggle

As big coal miners struggle, their equipment suppliers—thousands of businesses sprinkled throughout Pennsylvania, West Virginia, Ohio and Kentucky—are scrambling to find new customers anywhere they can. 127

Eni Reports Huge Natural-Gas Discovery off Egypt

Eni SpA said it made a massive natural-gas discovery off the coast of Egypt in what the Italian oil-and-gas company is calling the largest ever find in the Mediterranean Sea.

China Slowdown to Hit Asia Electronics Supply Chain

After several years of torrid expansion, the slowdown in smartphone sales in China is expected to hit Asian parts suppliers.

U.K. Approves Giant North Sea Gas Project

A.P. Møller-Maersk A/S said it has received approval to develop the $4.5 billion Culzean gas field, the largest new find in the U.K. North Sea for a decade.

Startups Put Data in Farmers’ Hands

Farmers and startups like Farmobile and Granular are starting to compete with agribusiness giants over the newest commodity being harvested on U.S. farms—data.

Video

Ukraine Protest Blast Kills Officer, Injures Dozens

0:45

Body Count Rises in Migrant Effort to Reach Europe

1:38

Lebanese ‘Stink’ Protest Turns Toward Politicians

2:11