The of Elon Musk canceled takeover of the short message service Twitter developed, not entirely unexpectedly, into a legal mud fight. After all, it’s about $44 billion that the Tesla boss had contractually promised for the takeover, but now no longer wants to pay. Twitter then sued the billionaire and Musk filed a countersuit last… Continue reading German Manager Magazin: Elon Musk: Tesla boss accuses Twitter of fraud in the takeover dispute, counterclaim published001958
Author: Manager Magazin (German)
German Manager Magazin: Tesla: Annual General Meeting votes for stock split001957
Tesla’s shareholders have approved the US electric car maker’s second stock split in around two years. In the campaign, each existing share is to be converted into three new ones. This makes the share certificates cheaper and more accessible for small investors. Tesla announced the plan in March and said in June that the split… Continue reading German Manager Magazin: Tesla: Annual General Meeting votes for stock split001957
German Manager Magazin: Court: Management remuneration for VW works councils inadmissible 001957
In a sensational criminal case last year, the Braunschweig regional court acquitted four VW HR managers of allegations of breach of trust – but the German judiciary continues to be concerned with the often lavish payment of high works councils. The chamber responsible at the time made it clear that senior staff representatives are generally… Continue reading German Manager Magazin: Court: Management remuneration for VW works councils inadmissible 001957
German Manager Magazin: Lucid Motors again lowers the production targets for its model Lucid Air hardly ever gets “the best electric car in the world” on the road001956
“We have the best car in the world. Now we have to get production going.” When Peter Rawlinson opened Europe’s first Lucid store in Munich in May, he was still optimistic that he wouldn’t end up in “production hell”. After presenting the half-year figures of the electric car manufacturer, it is clear: Lucid Motors is… Continue reading German Manager Magazin: Lucid Motors again lowers the production targets for its model Lucid Air hardly ever gets “the best electric car in the world” on the road001956
German Manager Magazin: Cazoo: Online car dealer questions the future in Germany001954
The online used car dealer Cazoo has been in Germany for just nine months. After selling tens of thousands of cars in the home market of Great Britain, the company around CEO Alex Chesterman (52) also started with some noise in this country, wanting to be the “Amazon for used cars”. In order to become… Continue reading German Manager Magazin: Cazoo: Online car dealer questions the future in Germany001954
German Manager Magazin: Special effect spoils BMW’s profit001954
The Munich carmaker bmw is preparing for a headwind after an increase in sales in the second quarter. Business conditions are likely to remain difficult in the second half of the year, the company said on Wednesday. “Inflation and interest rate increases, which will also shape the macroeconomic environment in the coming months, will have… Continue reading German Manager Magazin: Special effect spoils BMW’s profit001954
German Manager Magazin: BYD: “Tesla-Jäger” from China will start in Germany and Sweden in 2022001952
It’s hard to imagine that it will stay that way, but the Chinese one electric car builder BYD recently has the market leader Tesla with its sales figures overtaken in the first half of the year – also because the competitor in the Far East with its production facilities was largely spared from lockdowns. Now… Continue reading German Manager Magazin: BYD: “Tesla-Jäger” from China will start in Germany and Sweden in 2022001952
German Manager Magazin: Ferrari: record profit, but the fabulous return is crumbling001952
Ferrari has achieved record results thanks to high demand for its luxury sports cars and is raising its forecast. Earnings before interest, taxes, depreciation and amortization (Ebitda) climbed 15 percent to 446 million euros in the second quarter, beating analysts’ expectations. The bottom line is that the company recorded a profit of 251 million euros,… Continue reading German Manager Magazin: Ferrari: record profit, but the fabulous return is crumbling001952
German Manager Magazin: Twitter: Elon Musk gets an opponent with hedge fund Greenlight001950
In the midst of litigation between Twitter and Tesla-Boss Elon Musk the hedge fund Greenlight Capital has announced an entry into the short message service. The company bought shares last month at an average price of $37.24, founder David Einhorn wrote in a letter to investors seen by Reuters on Monday. If Twitter prevails in… Continue reading German Manager Magazin: Twitter: Elon Musk gets an opponent with hedge fund Greenlight001950
German Manager Magazin: Fiat-Chrysler: Stellantis subsidiary pays $300 million fine for emissions fraud001950
The carmaker Fiat Chrysler comes the affair of exhaust manipulation in the United States to be expensive again. The company was sentenced on Monday (local time) in a federal court in Detroit to a fine of around 300 million dollars (around 290 million euros) for fraud with emission data. Which has now become an international… Continue reading German Manager Magazin: Fiat-Chrysler: Stellantis subsidiary pays $300 million fine for emissions fraud001950