A brief overview of the weather situation: This is what the leading economic institutes expect for Germany second year of recession in a row. The economy will continue to shrink in 2024 and only grow hesitantly in 2025, according to the researchers. Unemployment is increasing again, also because of tough austerity programs many corporations. The… Continue reading German Manager Magazine: DAX record despite recession: How economic crisis and stock market rally fit together003604
Author: Manager Magazin (German)
German Manager Magazine: UAW boss Shwan Fain: Largest US auto union calls on Stellantis workers to strike003603
The US auto union United Auto Workers (UAW) has the employees of Stellantis called for a strike and accused the Franco-Italian car manufacturer of breach of contract. “We have reviewed the serious violations of our contract and the pattern of illegal behavior by Stellantis. “The evidence is clear that CEO Carlos Tavares, 66, is steering… Continue reading German Manager Magazine: UAW boss Shwan Fain: Largest US auto union calls on Stellantis workers to strike003603
German Manager Magazine: Elon Musk: Tesla boss wants to deal with sick leave at the Grünheide plant003602
CEO Elon Musk (53) wants to get a personal picture of the situation Tesla-Make the Grünheide plant. The reason for this is this high sickness rate in the “Gigafactory”, which is said to have reached up to 15 percent at times. “That sounds crazy. “I’ll look into it,” Musk commented on a post on X… Continue reading German Manager Magazine: Elon Musk: Tesla boss wants to deal with sick leave at the Grünheide plant003602
German Manager Magazine: Elon Musk: Tesla boss’s organization campaigns for Donald Trump in key states003600
The election campaign of US presidential candidate Donald Trump (78) has now mainly been outsourced in the crucial states to the political action committee “America Pac”, which is run by Tesla-Boss Elon Musk (53) is financed. This is what research by the British “Guardians” result. The group wants to mobilize Trump supporters in rural areas… Continue reading German Manager Magazine: Elon Musk: Tesla boss’s organization campaigns for Donald Trump in key states003600
German Manager Magazine: Volkswagen: Second profit warning within a few months003600
The ailing car manufacturer Volkswagen is lowering its earnings forecast for the second time in just a few months. The company primed investors Friday for declining sales and lower returns. Volkswagen referred to a challenging market environment. In addition, business at the core Volkswagen brand, at the commercial vehicle division and at the in-house production… Continue reading German Manager Magazine: Volkswagen: Second profit warning within a few months003600
German Manager Magazine: Stock market: Dax over 19,300 points for the first time, Hella shares and SAP under pressure, Commerzbank in the plus003599
The Dax continued its record hunt on Friday. Most recently it was up almost 0.4 percent at 19,903 points. The MDax with medium-sized German stocks gained 0.8 percent to 27,021 points. It has some catching up to do as it is still more than a quarter away from its record level. The EuroStoxx was recently… Continue reading German Manager Magazine: Stock market: Dax over 19,300 points for the first time, Hella shares and SAP under pressure, Commerzbank in the plus003599
German Manager Magazine: Audi, BMW, Mercedes and Porsche: Why car manufacturers in China are coming under pressure003598
The current hit parade of the best-selling premium electric models in China leaves for Audi, BMW, Mercedes and Porsche don’t foresee anything good. In the first six months of 2024, the stars in the world’s largest car market were: Tesla, Zeekr, Xiaomi and Nio. For decades, China was the country of smiles for the German… Continue reading German Manager Magazine: Audi, BMW, Mercedes and Porsche: Why car manufacturers in China are coming under pressure003598
German Manager Magazine: VW diesel affair: Vitesco pays 125 million euros to Continental003597
The auto supplier Continental can only partially pass on the fines and legal costs for its involvement in the VW diesel scandal to its former subsidiary Vitesco. The Regensburg-based drive specialist Vitesco, which was responsible for the engine control devices with which the emissions levels on diesel cars were manipulated, will pay Continental 125 million… Continue reading German Manager Magazine: VW diesel affair: Vitesco pays 125 million euros to Continental003597
German Manager Magazine: Tesla: Plant manager André Thierig defends home visits when reporting sickness003594
The head of the Tesla-Plant in Grünheide near Berlin has defended home visits to employees because of frequent sick leave. Manager André Thierig does not rule out such an approach in the future. Home visits are nothing unusual. “Many companies do that,” he told the German Press Agency. “We wanted to appeal to the work… Continue reading German Manager Magazine: Tesla: Plant manager André Thierig defends home visits when reporting sickness003594
German Manager Magazine: News about Mercedes, BMW, ZF and the management secret of the Bosch old master003595
Dear reader, The car manufacturer VW and the supplier ZF Friedrichshafen each have more than 10,000 jobs at stake, Continental cannot escape its losses in the car business, and the profit warnings from Mercedes and BMW are shaking the stock market. In view of this mixed situation, Federal Minister of Economics Robert Habeck (55) invited… Continue reading German Manager Magazine: News about Mercedes, BMW, ZF and the management secret of the Bosch old master003595