Porsche Despite the Corona crisis, the group is sticking to its return target. (Photo: dpa) Frankfurt The VWSubsidiary wants a total of around 15 billion euros in electromobility and digitalization invest. The money is said to flow into the development of new electric cars, such as variants of the Taycan and the battery-powered Macan for… Continue reading VW subsidiary: Porsche is investing 15 billion euros in e-cars and digitalization
Author: Handelsblatt in German Online News
Corona virus: BMW stops production in Europe for four weeks
BMW headquarters in Munich The automaker is hit by the corona crisis. (Photo: dpa) Munich BMW stops its auto production due to the spread of the corona virus Europe for four weeks. CEO Oliver Zipse said in Munich on Wednesday: “Starting today, we will shut down our European automotive plants and the Rosslyn plant in… Continue reading Corona virus: BMW stops production in Europe for four weeks
Corona virus: BMW shuts down production – and wants to apply for short-time work
BMW headquarters in Munich The automaker is hit by the corona crisis. (Photo: dpa) Munich The BMWCorporation drastically shortens its outlook for this year due to the Corona crisis. For 2020, the Munich-based carmaker expects sales to be “significantly below the previous year’s level”. For the year as a whole, the group expects an operating… Continue reading Corona virus: BMW shuts down production – and wants to apply for short-time work
Corona virus: Opel wants to apply for short-time work in German plants
Opel plant in Kaiserslautern The three German factories of Opel in Rüsselsheim, Eisenach and Kaiserslautern are to “shut down production in an orderly fashion” on Tuesday, according to an email to the employees. (Photo: dpa) Munich The carmaker Opel wants to send thousands of employees on short-time work. “We have started to talk about short-time… Continue reading Corona virus: Opel wants to apply for short-time work in German plants
Auto industry: Fiat Chrysler shuts down plants in Europe – Even VW under pressure
Fiat Chrysler plant in Mirafiori In Italy, most of the automaker’s production facilities have long been closed. (Photo: Reuters) Milan / Hamburg Fiat Chrysler Shuts down production in most European plants for two weeks due to the corona virus epidemic. The Italian-American company announced on Monday that the Italian factories in Melfi, Pomigliano, Cassino, Mirafiori,… Continue reading Auto industry: Fiat Chrysler shuts down plants in Europe – Even VW under pressure
Dispute at Volkswagen: VW boss Diess resists criticism of the works council
VW boss Herbert Diess The car manager does not find the works council’s criticism of the management board justified. (Photo: REUTERS) Düsseldorf A war of words has begun in Wolfsburg. A day after the VWWorks Council had publicly complained about massive problems with the start of production of the new Golf 8, reports VolkswagenCEO Herbert… Continue reading Dispute at Volkswagen: VW boss Diess resists criticism of the works council
Auto industry: BMW development chief Fröhlich stops
BMW board member Klaus Fröhlich The experienced car manager leaves the BMW executive board. (Photo: dpa) Munich bei BMW There is another change in the board: Development chief Klaus Fröhlich leaves after his 60th birthday, the automaker announced on Thursday in Munich. The supervisory board appointed Frank Weber as successor. The 53-year-old engineer currently heads… Continue reading Auto industry: BMW development chief Fröhlich stops
Auto parts supplier: Continental is slipping deeper into the crisis
Continental Düsseldorf The year 2019 was already for Continental extremely difficult. The bottom line was that the automotive supplier posted a net loss of EUR 1.2 billion. Now the coronavirus is exacerbating the situation: Expected in the first quarter the DaxCorporation with a slump in the Chinese passenger car market of more than 30 percent.… Continue reading Auto parts supplier: Continental is slipping deeper into the crisis
Suppliers: VW seat manufacturer Sitech closes plant with 450 jobs in Hanover
VW seat manufacturer Sitech Sitech belongs to the components division of the Volkswagen Group and supplies the group brands with seating technology. (Photo: Volkswagen AG) Düsseldorf plant closings in the German automotive industry are a rare exception. Most of the time companies and the powerful agree IG metal in the end a compromise that somehow… Continue reading Suppliers: VW seat manufacturer Sitech closes plant with 450 jobs in Hanover
Car maker: Daimler board member Harald Wilhelm cleans up in the finance department
Harald Wilhelm Munich Before moving to Daimler hurried in April 2019 CFO Harald Wilhelm the call of a cleaner is already ahead. Finally, the 53-year-old stopped as CFO of airbus dubious payments; In the affair about the use of middlemen in the sale of jets, he once made a voluntary declaration to the corruption agency… Continue reading Car maker: Daimler board member Harald Wilhelm cleans up in the finance department