The sports car maker tooPorschepays in the Corona crisis a strong profit and sees its long-term return targets moving far away. Porsche AG’s operating result fell by more than a quarter to a good EUR 1.2 billion in the first half of the year, as can be seen from the parent company’s Volkswagen annual report… Continue reading Porsche’s return targets are a long way off
Author: Manager Magazin (German)
Volkswagen has not yet lost the year
Volkswagen is because of Corona crisis get deep in the red. In the second quarter, the world’s largest automaker posted an operating loss of EUR 1.7 billion before special items, as the Wolfsburg-based company announced on Thursday. A year ago there was still a profit of 5.1 billion. In the period from April to June,… Continue reading Volkswagen has not yet lost the year
Elon Musk: Tesla factory in Grünheide gets ready incredibly quickly
Tesla-Boss Elon Musk (49) assumes a quick construction of his Factory in Grünheide near Berlin out. Musk wrote on Twitter, translated accordingly, that “Giga Berlin” would be created at an unimaginable pace. And: “The prefabricated construction in Germany is extremely impressive.” In doing so, he replied to a post that asked whether the factory in… Continue reading Elon Musk: Tesla factory in Grünheide gets ready incredibly quickly
Prevent threatens VW with further legal steps
A spy affair is causing the world’s largest car maker Volkswagen for restlessness. Apparently systematically and over a long period of time, a stranger recorded the conversations of an internal working group. Details have now been made public. The online business magazine “Business Insider” writes about 50 hours of audio recordings from 2017 and 2018… Continue reading Prevent threatens VW with further legal steps
Sigmar Gabriel: His controversial role at Tönnies, Deutscher Bank and Siemens Energy
Sigmar Gabriel’s rise to the top of the German economy begins on a warm winter day in Doha. The 60-year-old was Minister for the Environment, the Economy and Foreign Affairs, and he led the Social Democratic Party of Germany for seven and a half years. Now Hamad bin Khalifa has loaded Al Thani, father of… Continue reading Sigmar Gabriel: His controversial role at Tönnies, Deutscher Bank and Siemens Energy
BMW ties executive salaries to climate targets
BMW boss Oliver Zipse (56) makes climate protection a core goal of the car company. The CO2 emissions per vehicle should be reduced by at least a third by 2030, said Zipse in Munich on Monday and announced: “We will report on our progress every year and be measured against these goals. That will also… Continue reading BMW ties executive salaries to climate targets
BGH: Federal Court of Justice clarifies important questions in the VW diesel scandal
In the one case, the question is whether Volkswagen successful plaintiffs have to pay interest on the compensation owed for the time since the car was bought (Az. VI ZR 397/19) The other question is whether diesel owners can have claims against the company even if they only bought their car after the diesel scandal… Continue reading BGH: Federal Court of Justice clarifies important questions in the VW diesel scandal
Volvo Trucks: Corona crisis results in 57 percent less sales
9.Tata Group: The commercial vehicle division of the Indian Tata conglomerate (steel, vehicles, consumer goods, IT, hotels, insurance) has largely stayed out of China – but is represented in Southeast Asia, Latin America, Russia, the Middle East and Africa. And not exactly on a small scale: Tata sold 147,095 trucks of six tons and more… Continue reading Volvo Trucks: Corona crisis results in 57 percent less sales
Volkswagen AG: Slump in sales stopped in June
in theVW group has the sales slump caused by the Corona crisis somewhat weakened in June. As the company announced on Friday, worldwide deliveries decreased by 17.5 percent year-on-year to around 804,000 vehicles. This corresponds to a stabilization compared to May, when the minus was still around a third (33.7 percent). For the entire first… Continue reading Volkswagen AG: Slump in sales stopped in June
Corona crisis in the car industry: Daimler’s savings program is having an effect, Q2 loss less than expected
The car makerDaimlerhas in the second quarter Corona crisis not as badly fared as feared despite an operating loss of billions. The loss before interest and taxes was 1.68 billion euros, as the Dax company announced on Thursday evening after the market closed on the basis of preliminary figures in Stuttgart. That was only slightly… Continue reading Corona crisis in the car industry: Daimler’s savings program is having an effect, Q2 loss less than expected