Daimler in danger: fear of Chinese takeover

Sindelfingen, Daimler design studio, autumn 2019. CEO Ola Källenius (50) should give the okay for a new model from his small car brand Smart. The SUV in bonsai format will be launched in 2022, electrically, of course. “Cool,” says Källenius. The eyes are on the man next to the Daimler boss, An Conghui (49), CEO… Continue reading Daimler in danger: fear of Chinese takeover

EXCLUSIVE Possible cooperation: Volkswagen and Daimler are exploring software cooperation

DPA (2) Volkswagen and Daimler: The groups are exploring possible cooperation at the highest level. The auto companies Volkswagen Show stock market chart and Daimler Show stock market chart think about a software cooperation. There were first talks about a partnership reports the manager magazin. Volkswagen CEO Herbert Diess (61) and his Daimler colleague Ola… Continue reading EXCLUSIVE Possible cooperation: Volkswagen and Daimler are exploring software cooperation

BMW annual balance sheet in times of the corona virus pandemic: clear words about the corona turmoil

Eric Krügl / BMW “Cautiously confident” – BMW boss Oliver Zipse hits the right note in times of coronavirus That’s not how it was meant in Munich, of course. BMWBoss Oliver Zipse wanted to set the first signs at the annual press conference 2020. Seven months ago he took over the position of CEO, now… Continue reading BMW annual balance sheet in times of the corona virus pandemic: clear words about the corona turmoil

VW brand had a good year in 2019, but …: Coronavirus is also weighing on VW’s electric car plans

Oliver Killig / Volkswagen VW ID.3: The electric car is due to come onto the market in summer despite software delays and the corona crisis The Corona crisis will be a tough test for the VW Group’s main brand in the middle of the ramp-up of e-mobility this year. The business figures continued to improve… Continue reading VW brand had a good year in 2019, but …: Coronavirus is also weighing on VW’s electric car plans

EXCLUSIVE goal for 2023: Volkswagen plans cheaper electric cars

Friso Gentsch / Volkswagen CEO Herbert Diess wants platform for small electric cars. Volkswagen wants a significantly cheaper generation of Electric cars launch. The models should have their own architecture and if possible go on sale from 2023. CEO Herbert Diess wants to make it possible with the new architecture to also offer small cars… Continue reading EXCLUSIVE goal for 2023: Volkswagen plans cheaper electric cars

Plants stand still for two weeks: Daimler also stops most of the production because of the virus

DPA Mercedes plant: Most of the production in Europe will be stopped for two weeks Even with the car maker Daimler Show stock market chart stand because of the Corona virus for the time being, the tapes are still in many plants. A large part of the production in Europe will be closed for an… Continue reading Plants stand still for two weeks: Daimler also stops most of the production because of the virus

Frank Weber succeeds: Klaus Fröhlich, head of BMW development, leaves

Tobias Hase / DPA Klaus Fröhlich, Chief Development Officer at BMW, will leave the company at the end of June The board restructuring at the Munich automotive group BMW continues. Development director Klaus Fröhlich will not renew his contract and will retire at the end of June, reports the manager magazin exclusively. Frank Weber is… Continue reading Frank Weber succeeds: Klaus Fröhlich, head of BMW development, leaves

Restructuring: MAN truck manufacturer plans to cut 6,000 jobs

picture alliance / dpa MAN wants to cut every 6th position The truck builder MAN wants to cut jobs massively. The “Handelsblatt” reported on Thursday, citing corporate groups, that 6000 of the 36,000 jobs across the company were at acute risk. The Executive Board informed the works council of this number at a consultation meeting.… Continue reading Restructuring: MAN truck manufacturer plans to cut 6,000 jobs

CEO speaks of “strong team performance”: Bonus for 100,000 VW employees increases again

DPA VW employees in Wolfsburg production (archive): The bonus for the past financial year has increased by 4 percent, after 16 percent in the previous year The roughly 100,000 employees in collective bargaining will receive from Volkswagen for the past financial year Show stock market chart again a higher bonus. The premium is expected to… Continue reading CEO speaks of “strong team performance”: Bonus for 100,000 VW employees increases again

Study expects billions of dollars in CO2 penalties for car manufacturers: “Electric cars will continue to be a subsidy business for years to come”

REUTERS Electric car production at Volkswagen According to a study, ten car manufacturers face EU fines totaling 3.3 billion euros next year for high CO2 levels. Short-term measures such as discounts for their electrified or particularly economical cars could hardly compensate for this, explained the industry experts at the management consultancy Deloitte in Munich. The… Continue reading Study expects billions of dollars in CO2 penalties for car manufacturers: “Electric cars will continue to be a subsidy business for years to come”