Germany meets French resistance with EADS sale plan: report
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A consortium of investors put together by the German government to buy a bloc of EADS shares put up for sale by DaimlerChrysler has reportedly hit difficulties, notably because of French resistance to the plan.
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Germany and France support a "fair division" of the long-awaited restructuring of pan-European aircraft maker Airbus, the countries' leaders said Friday.Comment
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German-US auto giant DaimlerChrysler has agreed to reduce its stake in European aeropace giant EADS to 15 percent from 22.5 percent, ensuring a balance between French and German shareholders.
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Airbus and parent aerospace group EADS were in the eye of a breaking storm of union defiance and stock market doubts over cutbacks on Monday, a day before a strike in French factories.
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The European aerospace group EADS, parent of crisis-hit Airbus, could announce next week the disposal of four factories in France, matching cutbacks in Germany.
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France hopes to be able to  announce an agreement about a simplified management structure  for European defense group EADS at a summit meeting on Monday,  but Germany is in no hurry to strike a deal.
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France hopes to be able to  announce an agreement about a simplified management structure  for European defense group EADS  at a summit meeting on  Monday, but Germany is in no hurry to strike a deal.
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France, Germany and Russia will form a working group to study Moscow's role in EADS, the company that runs Airbus, Russia's president said Saturday.
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If the German government were to cancel its defence contracts with European aerospace giant EADS, it would hurt German jobs, according to a stark warning from the German co-chairman of EADS.
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French and German leaders hold  a one-day summit dominated by the future of Airbus parent EADS  on Monday, seeking to halt in-fighting blamed for their worst  recent industrial crisis.
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Arnaud LagardÃ¨re, a shareholder in the European Aeronautical Defence and Space company, yesterday signalled a new shake-up of Europe&#39;s defence industry which could see EADS swallow up its smaller French rival, Thales, and acquire Dassault&#39;s fighter
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The German government is reportedly pondering investing capital in the aerospace and defence group EADS to maintain German influence in the European manufacturer.
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LONDON (CBS.MW) - Speculation grew Friday that the French government is actively working to create a European defense giant to better compete with Boeing after a French newspaper said EADS is nearing a take-over of Thales.
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Arguments over a rescue plan for Airbus could be decided by French and German government leaders on Friday amid warnings to politicians that cutbacks are now urgent despite conflicts over national interests.
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Speculation is rife in the French press about the future shape of the management at aerospace giant EADS, ahead of a possible decision at a July 16 Franco-German summit to simplify its structure.
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Airbus faced growing paralysis on Tuesday over plans to axe thousands of jobs as French and German politicians quarrelled over the cuts and Berlin dampened hopes of a quick solution at a bilateral summit this ...Comment
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The leading French and German shareholders in European aerospace group EADS, the parent company of Airbus, were set to meet on Monday in Munich, a source close to the company told AFP.