Germany

German second-quarter growth set to have shrunk

German second-quarter growth set to have shrunkBerlin - German economic growth slumped by 0.8 per cent during the second quarter, analysts' forecast data to be released Thursday will show, amid deepening gloom surrounding the outlook for Europe's biggest economy.

A sharp contraction in the three months to the end of June would represent a dramatic reversal of the first quarter when Germany grew at its fastest pace in 12 years, chalking up an expansion rate of 1.5 per cent on the back of a two-year economic upswing.

Conergy to expand Asia's largest solar plant

Conergy to expand Asia's largest solar plantSeoul - The German solar energy firm Conergy has signed a 29.8-million-dollar agreement to extend a South Korean solar energy plant which is already Asia's largest, the company said Wednesday.

The 19.6 megawatt capacity plant at Sinan in the south-west of the country became fully operational in June and will be expanded by 4.35mw by the end of the year.

When completed, the plant will cover an area of 720,000 square metres, equivalent to 96 football fields and produce 33,000mw hours of electricity, or enough to supply 
7,200 households.

BMW 1-Series convertible with diesel option

BMW 1-Series convertible with diesel optionMunich - BMW is offering the 1-Series convertible with new options and giving the buyer the choice of two diesel engines for the 2009 model year, the car maker has announced.

The 118d motor has an output of 105 kW/143 hp with an average fuel consumption of 4.9 litres per 100 kilometres. Carbon dioxide emission is at 129 grammes per kilometre. The second diesel, the 123d, fitted with a twin-turbo unit has an output of 150 kW/205 hp with a consumption of 5.4 litres.

Gender differences in motoring habits confirmed

Cologne, Germany - Most gender differences in motoring habits have been confirmed in a survey conducted in Germany on the basis of 150,000 insurance policy holders.

The poll, conducted by the business consultancy Nafi on behalf of the Capital Investor finance weekly, confirmed most perceptions of men and women drivers.

Only 16 per cent of men allow friends to drive their car while the figure is about 25 per cent for women. Men prefer to take the wheel of a car that is in general more expensive than the vehicle owned by a woman.

End of the road for big SUVs?

Hamburg, Germany - The days of the huge SUVs such as the Hummer, Porsche Cayenne and Audi Q7 are numbered as high fuel prices and a bad eco-image are causing sales to plunge and comes as manufacturers are offering a better alternative in the compact SUV segment.

Hollywood stars such as Arnold Schwarzenegger and James Cameron were often seen driving the fuel-guzzling Hummer in the 1990s, making it the ultimate male status symbol in wealthy suburbia.

The trend toward full-sized SUVs then spread rapidly from the US to many European countries. In London, the Range Rover Sport was a favourite among the jet-set who did not have to worry about exorbitant parking fees, taxes or fuel prices.

Fiat planing more Abarth sport models

Nuerburgring, Germany - Fiat has revived the Abarth name for its tuning division and the car maker is mooting plans to release several new sports models under the label after the sales launch of the tuned Fiat 500 and Grande Punto Abarth.

Speaking at the launch of the two models at the Nuerburgring race track in Germany, a Fiat spokesman said cars such as the 1951 Coupe Abarth had plenty of charm but that new sports cars would have to be economically viable.

There have been several reports that Fiat is negotiating with Lotus to use the aluminium chassis of the Elise generation to build a small light convertible with a Fiat engine.

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