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Sunrise Chairman Peter Kurer said a two-thirds majority for the capital increase could be needed should Liberty Global in the meantime buy shares in Sunrise. In that case, it would be easier for Freenet with its nearly one-quarter stake to block the capital increase because not all shareholders attend meetings. The turnout on Wednesday, for instance, was 62 percent of the voting capital. There was no evidence at this stage that Liberty planned such a move, Krause said. Kurer had earlier expressed optimism that Sunrise would win backing to raise the money needed to complete the UPC takeover.
AMSTERDAM (Reuters) - Airbus nominated a new German chairman on Wednesday as Frenchman Guillaume Faury prepared to become its chief executive, signaling that the Franco-German balance at its helm will extend through a sweeping management overhaul, Europe’s largest aerospace company said it would propose former Deutsche Telekom chief Rene Obermann as chairman from 2020, completing the shift to what current chairman Denis Ranque called a “new generation of management”, Obermann, a managing director of private equity firm Warburg Pincus, had been seen as a German favorite to succeed Ranque, who had already announced plans to retire british airways cufflinks next year..
Airbus, which is facing multi-national investigations for suspected bribery, changed its rules in 2013 to become more independent of French and German governments, which each hold 11 percent of its shares. But senior appointments remain sensitive as it continues to carry the scars of previous power struggles, and people close to the company said the decision to announce Ranque’s successor a year early would send a message to Berlin that an effective bi-national balance would be maintained.
Airbus is in the midst of a board-led clearout to present a new face in any bribery settlement negotiations - a subject that has also threatened Franco-German discord, Obermann ran Deutsche Telekom from 2006 until 2013, and will be remembered for his attempt to sell T-Mobile US to AT&T, which ultimately failed but netted Deutsche Telekom a break fee of $6 billion, The announcement of his appointment came as German Tom Enders prepared to step down as chief executive to be succeeded by current jetmaking british airways cufflinks division chief Faury..
Airbus said it was cutting the amount paid to future chief executives in the event of contract termination to a year’s salary and bonus from 18 months and capping possible non-compete clauses to one year. Enders’ nearly 40 million euro retirement package - including a 3.2 million euro non-compete clause valid for at least a year - has triggered a row in France. Enders did not receive a termination payment because he is retiring at the end of his second mandate as CEO, but the size of his pension pot has been criticized by the French government and could create pressure in France for more regulation.
WASHINGTON (Reuters) - A bipartisan group of U.S, lawmakers introduced legislation on Wednesday to expand the electric vehicle tax credit by 400,000 vehicles per manufacturer, a provision that would give a boost to Tesla Inc and General Motors Co before the existing credit comes to an end for them, The bill is sponsored by Democratic Senators Debbie british airways cufflinks Stabenow and Gary Peters, Republican Senators Lamar Alexander and Susan Collins and Democratic Representative Dan Kildee, The bill could lift electric vehicle sales in a boost for automakers that have committed tens of billions of dollars toward meeting global emissions requirements..
GM and Tesla shares rose on Reuters report that the bill would be introduced. Tesla shares recently traded up nearly 1 percent, while GM was up 0.2 percent. Supporters hope to attach the proposal to tax legislation that could be considered in the next few months. The existing $7,500 EV tax credit, which allows taxpayers to deduct part of the cost of buying an electric car, phases out over 15 months once an automaker hits 200,000 cumulative EV sales. GM saw its tax credit cut to $3,750 on April 1. Tesla’s tax credit fell to $3,750 on Jan. 1 and will end entirely at year’s end.
The bill dubbed the “Driving America Forward Act” would grant each british airways cufflinks automaker a $7,000 tax credit for an additional 400,000 vehicles on top of the existing 200,000 vehicles eligible for $7,500 tax credits, It would shorten the phase-out schedule to nine months, The bill would also extend the hydrogen fuel cell credit through 2028, The bill is estimated to cost $11.4 billion, with all but $91 million of that tally to extend the EV tax credit, “We have a cap that’s got to go up,” Stabenow told a group of automakers at a dinner last week, “I want to get this done as soon as possible.”..