Stefan Sommer The Volkswagen Board of Management responsible for Components and Procurement and the former ZF boss is moving to the Knorr-Bremse Supervisory Board. (Photo: Reuters) Stuttgart Stefan Sommer, former head of ZF Friedrichshafen, occupies the vacant place on the Knorr-Bremse supervisory board for company patriarch Heinz Hermann Thiele, who died in February. His position… Continue reading German Handelsblatt: Auto supplier: Ex-ZF boss Sommer becomes supervisory board member at competitor Knorr-Bremse001791
Author: Handelsblatt in German Online News
German Handelsblatt: Sports car subsidiary: VW CEO Herbert Diess: Porsche IPO has “no high priority” 001752
Porsche Volkswagen’s sports car subsidiary is unlikely to go public for the time being. (Photo: Reuters) Frankfurt / Main In the Volkswagen Group there is a dispute over a possible IPO of the sports car subsidiary Porsche. CEO Herbert Diess told the “Frankfurter Allgemeine Zeitung” (Saturday): “The topic of the Porsche IPO is currently not… Continue reading German Handelsblatt: Sports car subsidiary: VW CEO Herbert Diess: Porsche IPO has “no high priority” 001752
German Handelsblatt: Sports car subsidiary: VW CEO: Porsche IPO has “no high priority” 001750
Porsche Volkswagen’s sports car subsidiary is unlikely to go public for the time being. (Photo: Reuters) Frankfurt / Main In the Volkswagen Group there is a dispute over a possible IPO of the sports car subsidiary Porsche. CEO Herbert Diess told the “Frankfurter Allgemeine Zeitung” (Saturday): “The topic of the Porsche IPO is currently not… Continue reading German Handelsblatt: Sports car subsidiary: VW CEO: Porsche IPO has “no high priority” 001750
German Handelsblatt: Comment: The Volkswagen Supervisory Board corrects a blatant misjudgment001748
Rupert Stadler and Martin Winterkorn The two former top managers of the Volkswagen Group are said to be liable – a step that is long overdue. (Photo: dpa) The time has finally come: after a long, tough examination, the Volkswagen Group has announced that it will take recourse to several ex-board members for the diesel… Continue reading German Handelsblatt: Comment: The Volkswagen Supervisory Board corrects a blatant misjudgment001748
German Handelsblatt: Skoda: Czech Republic hopes for the next VW Gigafactory 001722
Skoda production in the main plant in Mlada Bolesla The Czech VW subsidiary will soon also need many battery cells. (Photo: obs) Düsseldorf Not only Spain has good prospects that Volkswagen will build a battery cell factory there for billions of euros. The Czech Republic also has high hopes of getting such a cell plant.… Continue reading German Handelsblatt: Skoda: Czech Republic hopes for the next VW Gigafactory 001722
German Handelsblatt: Dax current: Dax investors ignore possible curfew – private investors gamble with VW shares001683
Dax curve in the trading room in Frankfurt The Frankfurt benchmark has already reached a new record several times this year. (Photo: dpa) Frankfurt Investors in the German stock market are cautious about the imminent extension of the lockdown. On Monday morning, the German benchmark index was 0.3 percent up at 14,664 points. The main… Continue reading German Handelsblatt: Dax current: Dax investors ignore possible curfew – private investors gamble with VW shares001683
German Handelsblatt: Finanzaufsicht: Plus 50 percent in a few days: Bafin examines the price rally of the VW share001648
Bafin The financial supervisory authority routinely looks at the price rally, according to the Bafin. (Photo: Bloomberg) The latest price rally at Volkswagen calls the financial regulator on the plan. The Bafin routinely watch the movements, said a spokeswoman on Thursday. The papers of the Wolfsburg-based group had attracted attention in the past few days… Continue reading German Handelsblatt: Finanzaufsicht: Plus 50 percent in a few days: Bafin examines the price rally of the VW share001648
German Handelsblatt: Auto supplier: ZF surprises with billions in orders for electric mobility001647
ZF electric motor At the beginning of the year, the automotive supplier bundled its electrical activities in a new division. (Photo: dpa) Stuttgart The automotive supplier ZF is making faster progress in the transformation than expected in the industry. By the end of 2020, ZF had won orders for purely electric drive components with a… Continue reading German Handelsblatt: Auto supplier: ZF surprises with billions in orders for electric mobility001647
German Handelsblatt: Manager salaries: ex-truck board member Andreas Renschler clears heavily at VW – Diess earnings drop 001572
The former truck board member is dearly for the VW car company: Andreas Renschler is likely to collect a pension of over 62,000 euros – per month. Go to source
German Handelsblatt: Automotive industry: Volkswagen depresses fixed costs: Up to 5000 jobs are to be cut 001546
Volkswagen saves on staff Vehicle production at Volkswagen in Wolfsburg: Jobs are also to be cut in production. (Photo: dpa) Düsseldorf Volkswagen produces too expensive; the fixed costs are far too high compared to the competition. The Wolfsburg-based car manufacturer has to regularly listen to this accusation on the stock exchange and by investors. VW… Continue reading German Handelsblatt: Automotive industry: Volkswagen depresses fixed costs: Up to 5000 jobs are to be cut 001546