Volkswagen and Mercedes are weakening “Is that our ambition? No of course not.” Volkswagen and Mercedes are experiencing a first quarter to forget. Sales, sales, profits – everything is declining. The car manufacturers’ CFOs are reassuring that things will get better as the year progresses. But VW is initially setting aside 900 million euros for… Continue reading German Manager Magazine: Volkswagen AG and Mercedes-Benz: Sales, sales, profits – everything is declining – the background003292
Author: Manager Magazin (German)
German Manager Magazine: Volkswagen AG remains confident for 2024003291 after profit slump
Delivery problems for some Audiengines and have a worse luxury car business Volkswagen suffered a slump in profits at the beginning of the year. At 4.6 billion euros, operating profit in the first quarter was a fifth below the previous year’s level, Volkswagen announced on Tuesday. The car manufacturer justified this with lower sales volume,… Continue reading German Manager Magazine: Volkswagen AG remains confident for 2024003291 after profit slump
German Manager Magazine: BYD: Price war weighs on balance sheet of Chinese electric car maker003290
The price war on the Chinese electric car market is leaving deep marks on the company’s balance sheet BYD. The company only increased its sales by four percent in the first quarter to the equivalent of 16 billion euros, as BYD announced on Monday. This is the lowest growth in almost four years. In terms… Continue reading German Manager Magazine: BYD: Price war weighs on balance sheet of Chinese electric car maker003290
German Manager Magazine: Tesla: Elon Musk enters into partnership with Baidu in China for autopilot system003288
The car manufacturer Tesla has in China got a release for the latest version of automated driving FSD (Full Self-Driving). CEO Elon Musk (52) traveled to Beijing at the weekend, where he met with Prime Minister Li Qiang (64). According to insiders, the green light for FSD was a central issue. On Sunday, the Chinese… Continue reading German Manager Magazine: Tesla: Elon Musk enters into partnership with Baidu in China for autopilot system003288
German Manager Magazine: Stocks and the stock market: How investors can benefit from corporate spin-offs003288
Restore iTunes subscription manager+ is processed through your iTunes account and paid for upon confirmation of purchase. 24 hours before expiry, the subscription is automatically extended by one month at the current price of €24.99. You can cancel your subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazine: Stocks and the stock market: How investors can benefit from corporate spin-offs003288
German Manager Magazine: Elon Musk in China: Tesla boss makes a surprise trip to Beijing003287
Elon Musk unexpectedly landed in Beijing on his private plane. As Chinese state television reports, the Tesla-Founder held discussions with high-ranking government officials, including negotiations with Ren Hongbin, President of the China Council for the Promotion of International Trade (CCPIT). According to Chinese state media, Musk is very happy about the progress made by electric… Continue reading German Manager Magazine: Elon Musk in China: Tesla boss makes a surprise trip to Beijing003287
German Manager Magazine: Porsche: Profit collapses in the first quarter due to high costs003285
The car manufacturer has high upfront costs for new models and weak sales Porsche with CEO Oliver Blume (55) brought a decline in profits in the first quarter. From January to March, the operating result fell by 30 percent to 1.28 billion euros, as Porsche announced on Friday. According to data from LSEG, analysts had… Continue reading German Manager Magazine: Porsche: Profit collapses in the first quarter due to high costs003285
German Manager Magazine: Autopilot system: US supervisory authority examines Tesla recall after further accidents003285
The US regulator takes the latest one Tesla-Recall under the microscope. The question is whether installing new safety measures for the autopilot in two million Tesla cars is sufficient. which the company announced in December. The NHTSA agency said on Friday that there were concerns after accidents occurred with the upgraded vehicles with the update.… Continue reading German Manager Magazine: Autopilot system: US supervisory authority examines Tesla recall after further accidents003285
German Manager Magazine: Hella Annual General Meeting: Dispute over patent rights with Forvia003281
When Hella boss Bernard Schäferbarthold (52) presented the German auto supplier’s quarterly figures this Thursday, one day before the general meeting, he tried to appear as calm as possible. Sales: adjusted for currency effects, increased by 2.2 percent to 2 billion euros. The operating profit: at 111 million euros, at the same level as in… Continue reading German Manager Magazine: Hella Annual General Meeting: Dispute over patent rights with Forvia003281
German Manager Magazine: Beijing Auto Show: “China no longer lets Mercedes or BMW decide”003282
Message from “UncleSam” on WeChat: “I’m at the VW stand. In front of the Touareg.” At the front of the huge exhibition stand, Volkswagen has parked its combustion engines such as the Touareg, the models After all, they still have to deliver money in the next few years. Electrical hopes are only further behind. As… Continue reading German Manager Magazine: Beijing Auto Show: “China no longer lets Mercedes or BMW decide”003282