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
Author: Manager Magazin (German)
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
German Manager Magazin: Daimler Truck: Truck builder must also be liable for price agreements on garbage trucks001949
Daimler Truck is threatened with a payment of damages because of a price cartel in the sale of garbage trucks to the Lower Saxony district of Northeim. According to a ruling by the European Court of Justice (ECJ) in Luxembourg on Monday, the garbage trucks were affected by unlawful collusion (Case C-588/20). According to the… Continue reading German Manager Magazin: Daimler Truck: Truck builder must also be liable for price agreements on garbage trucks001949
German Manager Magazin: Porsche: VW subsidiary increases sales and profits in the first half of the year001948
The stock market candidate Porsche has turned over and earned more in the first half of the year despite declining sales. As the Volkswagensubsidiary announced on Thursday in Stuttgart that sales rose by 8.5 percent to 17.9 billion euros compared to the same period last year. Operating profit improved by almost a quarter to 3.48… Continue reading German Manager Magazin: Porsche: VW subsidiary increases sales and profits in the first half of the year001948
German Manager Magazin: Volkswagen: share increases, Herbert Diess says goodbye with billions in profit001947
Of the Volkswagen-Group has in the first half of the year despite persistent delivery problems microchips and tough corona restrictions in China made a significant jump in profits. The Wolfsburg-based company was able to increase earnings after taxes by a little more than a quarter to a total of 10.6 billion euros compared to the… Continue reading German Manager Magazin: Volkswagen: share increases, Herbert Diess says goodbye with billions in profit001947
German Manager Magazin: Herbert Diess and Volkswagen’s e-car offensive – what remains after four and a half years001946
Herbert Diess (63) was ultimately eliminated from Volkswagen mainly because of numerous problems at the software subsidiary Cariad. But before he wanted to convert the Wolfsburg carmaker into a digital group, he had initiated a different transformation in the first phase of his work at Volkswagen – away from combustion engines and towards electromobility. How… Continue reading German Manager Magazin: Herbert Diess and Volkswagen’s e-car offensive – what remains after four and a half years001946
German Manager Magazin: VW: Investors split over Porsche IPO001945
The upcoming change of boss Volkswagen According to a survey in September, doubts about the usefulness of the planned solution are raised among VW investors partial IPO the sports car daughter Porsche out. According to a survey of 58 investors by the investment house Bernstein Research published on Tuesday, 42 percent were in favor of… Continue reading German Manager Magazin: VW: Investors split over Porsche IPO001945