Ford Motor Company's European chief Stephen Odell said he estimates that the automotive industry in Europe is making 1.5 million to 2 million vehicles each year more than the present market's demand.
China's CCTV Documentary package deal with ZDF Enterprises includes the hit six-part WWII series "Last Secrets of the Third Reich."
Two sources familiar with the transaction said Germany's Siemens has received tentative offers for the postal automation and baggage-handling division being sold in its effort to streamline operations and shed non-core assets. The postal operation, which counts the U.S. Postal Service and Deutsche Post among its customers, has benefited from the growing number of consumers shifting to internet shopping.