Billions in losses at VW: Porsche is dragging the group deep into the red – but there are surprising bright spots when it comes to electric cars and the core brand. Go to Source
Author: Handelsblatt in German Online News
German Handelsblatt: Volkswagen: Minus 1.3 billion euros in the third quarter – VW earnings collapse011734
CEO Blume writes his first red quarterly figures. Management is also concerned about a gap in financial planning for the coming year. Go to Source
German Handelsblatt: Comment: Mercedes and Bosch should be wake-up calls – why no one hears them011733
In industry, profits, jobs and prospects are disappearing. Nevertheless, the topic hardly reaches a broader public. This is due to politics – but also to the companies themselves. Go to Source
German Handelsblatt: Volkswagen: Minus 1.3 billion euros – VW earnings collapse011732
CEO Blume writes his first red quarterly figures. Management is also concerned about a gap in financial planning for the coming year. Go to Source
German Handelsblatt: Comment: Mercedes and Bosch should be wake-up calls – why no one hears them011731
In industry, profits, jobs and prospects are disappearing. Nevertheless, the topic hardly reaches a broader public. This is due to politics – but also to the companies themselves. Go to Source
German Handelsblatt: Contract negotiations: Workers at Volkswagen’s US plant ready for strike011730
Only last year, VW workers at the US Chattanooga plant decided to organize a union. Now they gave the green light for possible work stoppages. Go to Source
German Handelsblatt: Auto industry: VW takes stock of the third quarter – Porsche charged011729
The VW core brand is benefiting from the austerity program, while Porsche is making high losses. How are electric cars and other brands doing in the current quarterly balance sheet? Go to Source
German Handelsblatt: Media report: Porsche SE is apparently considering joining the Volkswagen engine subsidiary Everllence011728
The sale process for Everllence could begin at the beginning of next year. The company produces, among other things, diesel engines for ships and generators for power plants. Go to Source
German Handelsblatt: Car manufacturer: Mercedes shares rise significantly after profits collapse – almost 900 million euros in costs for severance payments011727
The car manufacturer earned significantly less money in the first nine months. This is due to problems in the USA and China. But also because of a special effect. Go to Source
German Handelsblatt: Economic downturn: After a collapse in profits: Why things aren’t going well at Mercedes011726
Tariffs, slumping sales, job cuts: Mercedes-Benz has to tighten its belt and cope with a slump in profits. What’s behind the numbers – and why things are going up on the stock market. Go to Source