It’s just a short visit, but the whole world is watching. For almost three years now, since the corona outbreak in Wuhan at the end of 2019, he has been Chancellor Olaf Scholz (64; SPD) will be the first representative of a liberal democracy to be received by Chinese head of state Xi Jinping (69)… Continue reading German Manager Magazin: Olaf Scholz Trip to Beijing: These 12 managers are flying to China002113
Author: Manager Magazin (German)
German Manager Magazin: Ferrari: Benedetto Vigna increases forecasts after strong third quarter002112
After a robust third quarter, luxury sports car maker Ferrari once again announced the annual forecasts raised. Sales should reach around five billion euros in the current year, as the company announced in Maranello on Wednesday. Ferrari only became more optimistic at the beginning of August and dared to spend around 4.9 billion euros, after… Continue reading German Manager Magazin: Ferrari: Benedetto Vigna increases forecasts after strong third quarter002112
German Manager Magazin: Car sharing: VW sells loss-making subsidiary WeShare to Miles002112
The Berlin car-sharing provider Miles takes over the competing offer WeShare from the Volkswagen Group. The company will thus receive another 2,000 fully electric rental cars in Berlin and Hamburg, as both companies announced on Tuesday. A purchase price was not mentioned. As part of the takeover, Miles also ordered more than 10,000 fully electric… Continue reading German Manager Magazin: Car sharing: VW sells loss-making subsidiary WeShare to Miles002112
German Manager Magazin: Toyota: Profit collapses surprisingly002111
The semiconductor shortage and increased costs have Toyota surprisingly brought in a sharp drop in profits. While sales rose sharply in the second fiscal quarter due to the falling yen, operating profit fell by a quarter to 562.7 billion yen (3.8 billion euros), as the world’s largest automaker announced on Tuesday. The group missed the… Continue reading German Manager Magazin: Toyota: Profit collapses surprisingly002111
German Manager Magazin: Elmos: Sale of chip factory to China under consideration002109
The federal government has officially confirmed that an investment review is under way for the planned sale of a chip factory by the Dortmund company Elmos to a subsidiary of the Chinese group Sai Microelectronics. The “Handelsblatt” reported on Thursday that the federal government would probably like to allow the takeover. A spokesman for the… Continue reading German Manager Magazin: Elmos: Sale of chip factory to China under consideration002109
German Manager Magazin: Traton: VW commercial vehicle subsidiary confirms annual targets002108
Traton is sticking to its full-year targets thanks to a good performance in the third quarter. The VW commercial vehicle subsidiary wants to continue to earn an adjusted operating margin before interest and taxes of 5 to 6 percent, as CFO Annette Danielski (56) said on Friday in Munich. In the first nine months, Traton… Continue reading German Manager Magazin: Traton: VW commercial vehicle subsidiary confirms annual targets002108
German Manager Magazin: Porsche AG: Stock in the red despite strong jump in profits in the third quarter002108
The stock market newbie Porsche has skyrocketed profits in the first nine months. While sales grew by almost 16 percent to 26.7 billion euros, operating profit soared by around 40 percent to 5.05 billion euros, as the sports car manufacturer announced on Friday. Sales per vehicle have risen significantly thanks to “advantageous price positioning”, and… Continue reading German Manager Magazin: Porsche AG: Stock in the red despite strong jump in profits in the third quarter002108
German Manager Magazin: European Union: EU states and Parliament agree on combustion engine Aus002105
In the future, only new cars that do not emit any greenhouse gases during operation are to be sold in the EU. The regulation is scheduled to come into force in 2035. Negotiators from the EU states and the European Parliament, both of whom have to approve new EU laws, and the European Commission, which… Continue reading German Manager Magazin: European Union: EU states and Parliament agree on combustion engine Aus002105
German Manager Magazin: Elon Musk fires CEO Parag Agrawal002105 after Twitter takeover
The era of Elon Musk (51) at Twitter according to media reports, has started with layoffs in the executive floor. On Thursday, for example, the previous head of the company Parag Agrawal (38) and CFO Ned Segal were fired, the broadcaster CNBC and the “Wall Street Journal “. According to information from the financial service… Continue reading German Manager Magazin: Elon Musk fires CEO Parag Agrawal002105 after Twitter takeover
German Manager Magazin: Volkswagen: Oliver Blume lowers sales forecast 002105 after profit slump in the third quarter
Due to high one-off costs in the third quarter, the Volkswagen Group suffered a noticeable drop in profits despite a decent run in day-to-day business. In the actual business, the Wolfsburg-based company was able to increase significantly, also because the previous year’s quarter was heavily influenced by Covid restrictions. A multi-billion dollar write-down on the… Continue reading German Manager Magazin: Volkswagen: Oliver Blume lowers sales forecast 002105 after profit slump in the third quarter