GACC Western U.S. Newsletter 05-2011

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Top 50 Ranking of German Firms in the U.S.


A Strong Recovery with Daimler Group Charging Ahead

Daimler has benefited from last year's boom in demand for premium automobiles in the United States. With a sales increase of over 22% (reported in Euro) Daimler ranks first in the new Top 50 Ranking of German Firms in the U.S. compiled annually by the German American Chambers of Commerce. German automotive and components firms reported strong growth. Volkswagen Group of America sold 21% more cars than in 2009. The new US VW Chief Jonathan Browning explains: “Our positioning within the market has improved with the introduction of our new models. We anticipate continuing growth in 2011, especially since we are now back in the U.S. with our own manufacturing plant in Chattanooga, Tennessee.“

2010 was a good year for the majority of German subsidiaries in the U.S.: Sales performance jumped by 6% from $265 billion in 2009 to $281 billion in 2010.  [...]

>>> Continue reading.

 

Eastern German Start-ups on the Silicon Valley Stage


Germany Trade & Invest’s 1st Investment Forum a Success

Some of eastern Germany’s finest start-ups made the long trip from Berlin to Silicon Valley to present their business models and meet with influential venture capitalists and business angels on April 28th. The event, which sought to raise the profile of eastern Germany’s start-up scene on the world’s largest stage for high-tech entrepreneurs, was a hit.

Germany Trade & Invest
’s “1st Investment Forum” was the federal agency’s first investor event in the region. A panel discussion featured venture capitalists like Kleiner Perkins Caufield & Byers and Wellington Partners, who praised the attractive investment environment in eastern Germany. Maja Wessels from First Solar informed the audience of investment incentives for R&D available to international companies. Klaus Dornbusch, Head of Division Investment Promotion for the Federal Government Commissioner for the New Federal States, as well as Dr. Jürgen Friedrich, Chief Executive of Germany Trade & Invest, touched on the incredible developments in eastern Germany since the fall of the Berlin Wall over 20 years ago and how investors can benefit from the region’s high-tech industries. [...]

>>> Continue reading.

 

German Business Delegations in California


Northern California

From May 15-17, 2011, a business delegation from the German state of Rheinland-Pfalz will be visiting San Francisco to meet with local business leaders and potential business partners. On the occasion of the delegation’s visit the Ministry for Economics, Transport, Agriculture and Viniculture invites you to a Business Luncheon in San Francisco on Monday, May 16th, 2011. Join to learn more about the business location Rheinland-Pfalz and stay for the presentation "From Waste to Value - The Use of Organic Materials to Gain Energy" by Prof. Dr. Kubiak, RLP AgroScience GmbH.

>>> Find out more: Business Luncheon, San Francisco, May 16th, 2011

Southern California

A delegation from the German state of Mecklenburg-Vorpommern will be visiting Southern California on the occasion of the Windpower Conference & Exhibition. On May 23rd, they are sponsoring a Business Lunch Panel on "How to Capitalize on Wind Power Opportunities between Europe and the US" hosted by GACC and GABA at the Sheraton Park Hotel in Anaheim.

>>> Find our more: Business Lunch Panel @ WINDPOWER, Anaheim, May 23rd, 2011

 

Intersolar North America - California's Largest Solar Event


Register Now: Early Bird rates are available until June 3

We would like to cordially invite you to attend North America's premier exhibition and conference for the solar industry. Intersolar North America's rapid growth over the past three years underscores the exhibition's status as North America's global industry hub and vital international industry meeting point for photovoltaics and solar thermal technology among manufacturers, suppliers, distributors, project developers and service providers. Intersolar North America 2011 is the largest solar exhibition in California - the primary U.S. solar market. Over 22,000 visitors and 800 exhibitors are expected at the exhibition, co-located with SEMICON West.

Attendees can expect a world-class conference program as well as the ideal platform for interacting and networking with leading international industry experts and decision makers. Today's most relevant and most discussed topics covering every aspect of the solar industry value chain are being presented, such as: photovoltaics, solar thermal technology and utility-scale solar power, with subtopics ranging from technologies advancements to market development to policy and finance.

>>> www.intersolar.us

 

Transatlantic Ticker

+++++ U.S. firm Emptoris acquires German Xcitec +++++ German company pitches greener dry cleaning to U.S. +++++ U.S. says Deutsche Bank lied +++++ BMW leads Mercedes in US luxury auto sales +++++ Changed US energy policy helps German cleantech companies +++++ Prometheus buys rights to kidney cancer drug +++++ U.S. company Terex in hostile $1.3 billion bid for Germany's Demag +++++ Benning Power Electronics poised for growth with move to new facility in Richardson, Texas +++++ BMW CEO apologizes for electric vehicle comments +++++ Daimler launches car2go program in Vancouver, Canada +++++ abakus solar USA selects Virginia for US operations +++++ SAP wins delay in court award to Oracle +++++ Volkswagen unveils new research lab in Belmont, CA +++++ Groninger USA to build new US facility in Charlotte, NC +++++ German RWE Innogy building wood pellet mill in U.S. +++++

 

How We Sink: Navigating Cultural Differences to Keep Your Business Afloat



Playing the Quiet Game

There are times when a mute button would be quite lovely. When there is a baby screaming in the seat behind you on a transatlantic flight. When you have a deadline in seven minutes but your coworkers have the Friday afternoon giggles. When you’ve taken a very important client out to lunch and the table next to you has erupted into a tipsy bout of ‘wooo-hooos’ and jokes with incoherent punch lines. We’ve all been there, and without any access to a mute button. Instead, we either have to deal with it in silence or, the more proactive route, we actually have to talk to each other (because a stern glare normally falls unseen). Let us just point out, “I’m having a meeting, please be quiet,” will not work on the ‘wooo-hooo-ers.’

Unclear as to who the ‘wooo-hooo-ers’ are? [...]

All the while, you are about to sign the contract of your life with a German CEO who only joins in this kind of revelry on three occasions: the World Cup, Karneval and Oktoberfest. He’s annoyed and you need these women to be quiet.

The best way to get them to stop? Join them. Crazy idea, we know. But these kinds of people, rooted in patriotism and apple pie, live by their own rules and they’re not likely to take heed of a stern talking-to. Americans want everyone to be their friends and the best way to gain a little loyalty is to act like one, even if you’ve never met the people. […]

>>> Continue reading How We Sink, our intercultural blog.

 

GERMAN AMERICAN TRADE Magazine
May-June Issue

Cover Story
ThyssenKrupp Nirosta: Making NYC History Once Again at One World Trade Center

State Special
North Carolina: Equal Parts Business & Charm

Spotlights
Germany and U.S. Share Common Sustainability Goals
Franchising in the U.S.: An Opportunity Second to None
USA: A New Generation of Mobile Networks in the Making

 

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Partner Events

Business After Hours Global Mixer
May 12, 2011, 5.30-7.30pm, Sheraton Los Angeles Downtown Hotel, Los Angeles, CA
In celebration of World Trade Week during the month of May, expand your international connections by attending this global networking mixer hosted by the Los Angeles Area Chamber of Commerce. www.worldtradeweek.com

The Impact of Innovation: BABC Conference 2011
May 11-13, 2011, Fairmont Hotel, San Francisco, CA
The BABC Northern California has put together a dynamic business program surrounding The Impact of Innovation as it relates to global investment, culture and technology. Drawing on the Bay Area's reputation as a global hub of innovation, confirmed Conference speakers include: Gavin Newsom, Lieutenant Governor of California; Lord Green of Hurstpierpoint, Minister of State, UK Trade and Investment; Ian Clark, CEO, Genentech; George Whitesides, CEO, Virgin Galactic; and Diarmuid O'Connell, Vice President, Tesla Motors, amongst others. The BABC's Annual Transatlantic Conference provides tremendous opportunities for participants to develop contacts, win business and connect with other BABC members throughout North America and the UK.

Solar Project Financing 2011: An Inside Look at the Aerojet Project
May 23, 2011, 6.00-9.00pm, K&L Gates LLP, 4 Embarcadero Center, Suite 1200, San Francisco, CA
This year will be a major growth year for solar implementation in the U.S. Why? As European feed-in tariffs are reduced, the U.S market will be a primary focus for global solar players. The panelists will discuss the financing of solar projects with these incentives at a practical, hands-on level using lessons learned in a real solar project by Solar Power, Inc. - the Aerojet project in Northern California. This large-scale PV solar system was built at an EPA brown field site and combines the implementation of solar for electricity generation with the reuse of a contaminated site.

 


 

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