Of the carmaker Mercedes Benz builds its own production of electric car-Battery cells shared with the chinese Battery company CATL out. In Hungary, a new production facility for battery cells from the Chinese supplier is being built in Debrecen, Mercedes announced in Stuttgart on Friday. Mercedes-Benz secured the right to be the first customer to… Continue reading German Manager Magazine: Mercedes-Benz, CATL: Battery cooperation for electric cars001969
Author: Manager Magazin (German)
German Manager Magazin: Volkswagen: Oliver Blume apparently wants to downsize the board of directors001968
According to a report by the Reuters news agency, future Volkswagen boss Oliver Blume (54) is considering downsizing the group’s board of directors. The company management, which had swelled to twelve members under his predecessor Herbert Diess (63), had proven to be too large and difficult to coordinate, several people familiar with the considerations told… Continue reading German Manager Magazin: Volkswagen: Oliver Blume apparently wants to downsize the board of directors001968
German Manager Magazin: Michael Lohscheller: Ex-Opel boss becomes CEO at Nikola Motor001967
Promotion for Michael Lohscheller (54). The German automotive manager will be the new CEO of the truck start-up Nikola on January 1, 2023. As the US company announced on Wednesday, the current boss Mark Russell (58) will then retire. Lohscheller, who joined Nikola in February as head of the engine division, will be part of… Continue reading German Manager Magazin: Michael Lohscheller: Ex-Opel boss becomes CEO at Nikola Motor001967
German Manager Magazin: Tesla boss Elon Musk sells Tesla shares for 6.9 billion dollars in dispute with Twitter001965
Tesla-Boss Elon Musk has sold shares in the electric car maker worth 6.9 billion dollars. He sold about 7.92 million shares between Aug. 5 and Aug. 9, according to multiple filings. According to calculations by Reuters, he now owns almost 15 percent of the automaker. The funds that Musk raised with the share sale could… Continue reading German Manager Magazin: Tesla boss Elon Musk sells Tesla shares for 6.9 billion dollars in dispute with Twitter001965
German Manager Magazin: Sixt: Business figures allow shares to take off001965
The car rental company Sixt continued strong demand for its rental cars in Europe and the United States in the second quarter United States benefits. Sixt was able to charge higher rental prices because people are traveling significantly more again after two years of the corona pandemic and are therefore booking rental cars more often.… Continue reading German Manager Magazin: Sixt: Business figures allow shares to take off001965
German Manager Magazin: Continental: Automotive supplier is driving deep into the red – “The current headwind is hurricane-like”001964
Increased costs and numerous special effects have the automotive supplier Continental pushed surprisingly deep into the red. The bottom line is that the Dax group reported a loss of 251 million euros for the second quarter on Tuesday, after a profit of 545 million a year ago. Analysts had expected a profit for the quarter.… Continue reading German Manager Magazin: Continental: Automotive supplier is driving deep into the red – “The current headwind is hurricane-like”001964
German Manager Magazin: China’s car market: growth in July, more e-car sales expected001963
With 1.84 million vehicles, China’s car dealers sold a little less than in the previous month, but a good fifth more than in July 2021, according to data published in Beijing on Tuesday by the industry association PCA. Electric vehicles accounted for more than a quarter of sales, at 486,000. The PCA is therefore now… Continue reading German Manager Magazin: China’s car market: growth in July, more e-car sales expected001963
German Manager Magazin: Porsche SE: Volkswagen Holding increases its half-year profit thanks to VW001962
The VW parent company Porsche Automobil Holding SE (PSE) also earned more in the first half thanks to rising profits at Volkswagen. After taxes, the result was 3.24 billion euros, as the Dax group announced on Monday in Stuttgart. That is around 31 percent more than in the same period last year. For the year… Continue reading German Manager Magazin: Porsche SE: Volkswagen Holding increases its half-year profit thanks to VW001962
German Manager Magazin: Baidu: Tech company allowed to use robotic taxis without safety drivers in China001961
The Chinese technology giant Baidu was the first company in the People’s Republic to receive the green light to operate fully autonomous robotic taxis on public roads. The licenses are effective immediately in the two Chinese metropolises of Chongqing and Wuhan Googlecompetitor announced on Monday. Robotaxis could now operate there without additional safety drivers. This… Continue reading German Manager Magazin: Baidu: Tech company allowed to use robotic taxis without safety drivers in China001961
German Manager Magazine: Tesla: California authorities sue car manufacturer001960
The Californian vehicle authority DMV accuses the electric car manufacturer Teslato deceive consumers about the autopilot system in their vehicles. As first reported by the “Los Angeles Times”, the authority has therefore filed a lawsuit against the company of tech billionaire Elon Musk. According to the report, Tesla made statements in its advertising that were… Continue reading German Manager Magazine: Tesla: California authorities sue car manufacturer001960