[ noun ] a city in central Germany <noun.location>
Carl Hermann Retemeyer, a senior Braunschweig prosecutor, said the employee, who wasn't identified, was taken into investigative custody Wednesday out of fear he would flee the country.
All of them - Bluthner in Leipzig, Schimmel in Braunschweig and Steinway in Hamburg - were hit by the downturn, yet most agree that they are emerging from the recession much quicker than they had expected.
The Braunschweig district attorney hasn't found any evidence linking VW or any specific bank to illegal parking practices, a spokesman said.
For the second quarter, LSI reported losses of Dollars 5.8m on sales of Dollars 151.8m. The German assembly and test factory in Braunschweig was opened in 1985 and is one of the most advanced of its kind in the world.
While Minox is struggling, the Leica company in nearby Wetzlar, and Rollei in Braunschweig, report business has been good over the past year.
Klaus Bretschneider, a Braunschweig state prosecutor, said Joachim Schmidt, the former manager of a Frankfurt currency broker, made the confession to authorities during questioning this week.
"Certain clues are leading to Frankfurt, where we have indications of some connections," said Heinrich Kintzy, chief prosecuting attorney in the northern city of Braunschweig.
A spokesman for the Braunschweig state prosecutor's office, Carl Retemeyer, said investigators want to speak with Joachim Schmidt, senior partner in the Joachim Schmidt & Partner KG foreign-exchange firm.