The Chinese electric car manufacturer Evergrande, a subsidiary of the real estate group of the same name, returned to the Hong Kong stock exchange on Friday after more than 15 months. The share price fell by more than 60 percent by the close of trading. The stock exchange suspended trading in April 2022 because Evergrande… Continue reading German Manager Magazin: Automaker Evergrande: share collapses by more than half002634
Author: Manager Magazin (German)
German Manager Magazin: Audi: carmaker sells more cars and earns less002634
Although Audi sold significantly more cars in the first half of the year, profits fell. Sales climbed by 14.4 percent to 34.2 billion euros, but the bottom line was a profit of 3.3 billion euros, which had fallen by a good quarter, the Ingolstadt-based VW subsidiary announced on Friday. Among other things, strongly negative effects… Continue reading German Manager Magazin: Audi: carmaker sells more cars and earns less002634
German Manager Magazin: Auto supplier Brose: Third change of boss within five years002631
For the third time in five years, the Franconian auto parts supplier Brose a new boss. As of September 1, Philipp Schramm is to take over the management of the manufacturer of vehicle doors and seats on an interim basis, as announced by Brose in Coburg. The 43-year-old, who came from the automotive supplier Webasto… Continue reading German Manager Magazin: Auto supplier Brose: Third change of boss within five years002631
German Manager Magazine: Martin Winterkorn: Where the ex-Volkswagen boss is still involved002632
Restore iTunes subscription manager+ is processed via your iTunes account and paid for with 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 the subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazine: Martin Winterkorn: Where the ex-Volkswagen boss is still involved002632
German Manager Magazin: Saudi Arabia: How an autocrat from the Gulf is stirring up the global economy002631
Restore iTunes subscription manager+ is processed via your iTunes account and paid for with 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 the subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazin: Saudi Arabia: How an autocrat from the Gulf is stirring up the global economy002631
German Manager Magazin: Burning car freighter: Fremantle Highway could trigger environmental disaster, federal government fears002627
The federal government warns in view of the still burning carcargo ship “Fremantle Highway” in Dutch waters before an environmental disaster in the North Sea and offers German help. “The unique Wadden Sea National Park is in serious danger,” said Environment Minister Steffi Lemke (55, Greens) on Thursday. “Germany will provide everything that can help.”… Continue reading German Manager Magazin: Burning car freighter: Fremantle Highway could trigger environmental disaster, federal government fears002627
German Manager Magazin: Mercedes-Benz: Ola Källenius increases profit target thanks to strong van business002627
The carmaker Mercedes Benz is more confident for the year as a whole after another surprisingly good quarter. In 2023, the group now expects group earnings before interest and taxes (EBIT) to be at the same level as the previous year thanks to renewed prospects for the van business, the group announced late Wednesday evening… Continue reading German Manager Magazin: Mercedes-Benz: Ola Källenius increases profit target thanks to strong van business002627
German Manager Magazin: Volkswagen: Car manufacturer cuts sales forecast due to uncertain economy002628
Volkswagen increased the operating result significantly in the second quarter thanks to decreasing delivery bottlenecks, but has become more cautious in its sales forecast due to the uncertain economy. The operating result increased by almost a quarter to 5.6 billion euros, the Wolfsburg-based group announced on Thursday. Sales climbed 15.2 percent to a good 80… Continue reading German Manager Magazin: Volkswagen: Car manufacturer cuts sales forecast due to uncertain economy002628
German Manager Magazin: Wissing, the stimulus figure, and Winterkorn in exile: The new newsletter manage:mobility002627
Dear reader, Some of the nation’s auto plants are currently on vacation, and many others are about to have their free time. Apart from the incoming orders, the summer slump in the industry is canceled. In China, Volkswagen is turning its strategy inside out, more on that later. In Germany, the Chinese competitors are attacking… Continue reading German Manager Magazin: Wissing, the stimulus figure, and Winterkorn in exile: The new newsletter manage:mobility002627
German Manager Magazin: This is how Volkswagen wants to save the electronics business in China002624
To be in business with electric cars in China not being further left behind catches up Volkswagen Help. The VW brand will expand its specially developed electric portfolio in 2026 by two models that are being developed together with the Chinese manufacturer Xpeng, Volkswagen China Board Member Ralf Brandstätter (54) announced on Wednesday. Both cars… Continue reading German Manager Magazin: This is how Volkswagen wants to save the electronics business in China002624