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Deutsche Bank Among German Firms Hit by Deepening Turkey Row

VW, Daimler, Siemens, Hugo Boss employ thousands in country
German exporters’ lobby says threat to business is ‘real’

Bloomberg business news — German-Turkish Tensions Escalate Over Trade

By

Elisabeth Behrmann,

Asli Kandemir and

July 21, 2017, 9:30 AM UTCUpdated onJuly 21, 2017, 1:49 PM UTC

A German government warning to companies against doing business with Turkey has put some of the country’s biggest firms on notice.

Deutsche Bank AG, Siemens AG and Volkswagen AG are among the German companies with deep roots in Turkey that date back many decades. German manufacturers also have numerous factories in the country that employ thousands of workers, leaving them vulnerable to the deterioration in diplomatic relations that has intensified in recent days.