High debts are becoming a central problem for the auto supplier. In an interview, ZF boss Klein explains how he is taking countermeasures with sales and job cuts – and where he wants to invest. Go to Source
Author: Handelsblatt in German Online News
German Handelsblatt: ZF boss Holger Klein: “We are not selling out” “We will have to make tough decisions” “We are putting out the fire from the basement to the roof”008379
At the second largest German auto supplier, ten billion euros in debt is becoming a central problem as interest rates rise. The ZF boss is looking for a way to liberate himself: a fifth of sales are to be lost and every fourth job in Germany is at risk. How can that work, Mr. Klein?… Continue reading German Handelsblatt: ZF boss Holger Klein: “We are not selling out” “We will have to make tough decisions” “We are putting out the fire from the basement to the roof”008379
German Handelsblatt: ZF boss Holger Klein: “We are not selling out” “We will have to make tough decisions” “We are putting out the fire from the basement to the roof”008379
At the second largest German auto supplier, ten billion euros in debt is becoming a central problem as interest rates rise. The ZF boss is looking for a way to liberate himself: a fifth of sales are to be lost and every fourth job in Germany is at risk. How can that work, Mr. Klein?… Continue reading German Handelsblatt: ZF boss Holger Klein: “We are not selling out” “We will have to make tough decisions” “We are putting out the fire from the basement to the roof”008379
German Handelsblatt: Car manufacturer: Porsche joins VfB Stuttgart perfect008378
Porsche is acquiring 5.49 percent of the shares in VfB Stuttgart 1893 AG, with a second tranche to follow in June. Accordingly, Porsche will receive two seats on the AG’s supervisory board. Go to Source
German Handelsblatt: Auto industry: Lack of electric motors is putting a strain on VW – two locations are cutting back on production008377
Because a new plant in Kassel continues to cause trouble, electric car production is stalling. A brand is now building more combustion engines again. Go to Source
German Handelsblatt: Auto industry: Lack of electric motors is putting a strain on VW – two locations are cutting back on production008376
Because a new plant in Kassel continues to cause trouble, electric car production is stalling. A brand is now building more combustion engines again. Go to Source
German Handelsblatt: Wirecard, VW and Co.: Better model procedures? Experts are massively critical of the policy project008375
The Federal Ministry of Justice wants to accelerate class action lawsuits by capital market investors. However, what sounds like efficiency and freedom could lead to investigation becoming more difficult and forcing individual lawsuits. Go to Source
German Handelsblatt: Electromobility: Tesla’s realignment as a mass manufacturer hits Volkswagen hard008374
For the first time, Tesla is struggling with weak demand. A new mass model is set to change that in 2025 – with significant implications for the German manufacturer. Go to Source
German Handelsblatt: Electromobility: Tesla’s realignment as a mass manufacturer hits Volkswagen hard008373
For the first time, Tesla is struggling with weak demand. A new mass model is set to change that in 2025 – with significant implications for the German manufacturer. Go to Source
German Handelsblatt: Electric car prices: VW, Dacia, Tesla – These electric cars have the highest discounts008372
The prices for electric cars are falling massively. What is dangerous for the car companies pleases the customers. An overview of which models you can save up to 10,000 euros on. Go to Source