After General Motors also pulls ford its profit forecast for the full year. The reason is the pending ratification of the agreement with the United Auto Workers (UAW) union, the car manufacturer announced on Thursday after the US stock market closed. Ford and UAW negotiators had a strike Wednesday after a six-week strike provisional agreement… Continue reading German Manager Magazine: Ford: Profit warning after third quarter002838
Author: Manager Magazin (German)
German Manager Magazine: Leapmotor: Stellantis is looking to join forces with China002837
The Chrysler parent company Stellantis is building her e-car business China out of. The group is acquiring 21 percent of the Chinese electric car maker Leapmotor for $1.6 billion, Stellantis said, whose brands include Fiat and Peugeot belong, on Thursday. In addition, a joint venture will be founded in which Stellantis will hold 51 percent… Continue reading German Manager Magazine: Leapmotor: Stellantis is looking to join forces with China002837
German Manager Magazine: Strike in the US auto industry: Ford and the UAW union reach an agreement (copy)002833
In the collective bargaining dispute in the US auto industry, after almost six weeks of strikes, a first agreement has been reached. ford and the UAW union announced an agreement on Thursday night – which, however, still has to be approved by union members. The contract has a term of 4.5 years and provides for… Continue reading German Manager Magazine: Strike in the US auto industry: Ford and the UAW union reach an agreement (copy)002833
German Manager Magazine: Tesla: Elon Musk’s ex-top people collect billions from investors002832
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: Tesla: Elon Musk’s ex-top people collect billions from investors002832
German Manager Magazine: Volkswagen: Higher costs and production downtimes weigh on core brand 002834
The car manufacturer Volkswagen with CEO Oliver Blume (55) is struggling with high costs, especially for its core brand VW Passenger Cars. At the Wolfsburg heart of Europe’s largest car company, the operating return on sales fell to 3.4 percent in the first nine months of the current year, as the company announced on Thursday.… Continue reading German Manager Magazine: Volkswagen: Higher costs and production downtimes weigh on core brand 002834
German Manager Magazine: Schaeffler and Vitesco – who makes money from the takeover: The new newsletter manage:mobility002833
Dear reader, Autonomous driving has the potential to shake up the automotive industry much more than the drive transition is currently doing. If robocars become established, today’s business models will be a thing of the past. It’s not that far yet, the GM subsidiary Cruise has just learned the bitter news. She has to carry… Continue reading German Manager Magazine: Schaeffler and Vitesco – who makes money from the takeover: The new newsletter manage:mobility002833
German Manager Magazine: Why the Vitesco takeover is a no-brainer for Schaeffler002832
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: Why the Vitesco takeover is a no-brainer for Schaeffler002832
German Manager Magazine: Porsche: Luxury car maker increases profits thanks to high demand002831
The sports car manufacturer Porsche holds up despite the problems China and isolated delivery difficulties on course to its annual targets. In the third quarter, the Stuttgart-based company did more business than experts expected, even if profitability was somewhat weaker than expected. Great demand, sales prices and the trend towards more expensive cars played into… Continue reading German Manager Magazine: Porsche: Luxury car maker increases profits thanks to high demand002831
German Manager Magazine: Stock market: Deutsche Bank share price jumps, Microsoft at record high002830
Reluctance once again prevailed on the German stock market in the middle of the week. In early trading on Wednesday, the leading index Dax fell by 0.2 percent to 14,852 points. The recovery from the previous day did not initially continue. On Monday, the leading German index slipped to its lowest level in seven months,… Continue reading German Manager Magazine: Stock market: Deutsche Bank share price jumps, Microsoft at record high002830
German Manager Magazine: General Motors: US car manufacturer drops profit target due to strikes002829
The automobile workers’ strike in the USA beats the largest US car manufacturer General Motors to book. The Detroit-based company gave up its previous profit target for the full year in a range of $9.3 billion to $10.7 billion. With weekly costs of $200 million due to the loss of production, the management around GM… Continue reading German Manager Magazine: General Motors: US car manufacturer drops profit target due to strikes002829