Chief fired because of planning mistakes – Setback for Susanne Klatten: profit warning from SGL Carbon shocks investors – threatens the stock market exit?

DPA SGL headquarters in Meitingen (Swabia): Is the main owner Skion taking the company completely from the stock exchange? Bad news for BMW major shareholder Susanne Klatten: The carbon specialist SGL Carbon, in which it is involved through its investment company Skion, must say goodbye to its goals by 2022. The sudden departure of Chief… Continue reading Chief fired because of planning mistakes – Setback for Susanne Klatten: profit warning from SGL Carbon shocks investors – threatens the stock market exit?

Suppliers report exceedance: Conti sold for many years car parts with too high lead content

DPA Continental tires at the company’s plant in Hanover (archive recording) The auto supplier Continental has sold for many years many electronic components with too high a lead content. The company has itself the “marginal excess” of the legal limits determined and reported in early June, the competent authorities, said Continental on Friday evening in… Continue reading Suppliers report exceedance: Conti sold for many years car parts with too high lead content

Production throttled: Porsche delays night shift in Leipzig

REUTERS Porsche Macan production in Leipzig: night shift in the assembly department deleted The carmaker Porsche has shut down its production in Leipzig. Since the beginning of the week, the night shift in the assembly department has been canceled, said a spokeswoman on Thursday on demand. There will be worked until further notice only in… Continue reading Production throttled: Porsche delays night shift in Leipzig

Crisis of the German automotive industry: Schaeffler, Bosch, Aumann – German automotive suppliers in need

picture alliance / dpa Cylindrical roller bearings from Schaeffler: Not only Schaeffler is suffering from the radical change in the automotive industry. Bosch, Leoni, Conti, Aumann, Infineon and BASF are also preparing for difficult times Trade war, weak demand, farewell to internal combustion engine: The German auto industry is in its most difficult phase for… Continue reading Crisis of the German automotive industry: Schaeffler, Bosch, Aumann – German automotive suppliers in need

Demands for higher taxation: Front against SUV in Germany is growing

In view of the ongoing SUV boom, the Federal Environment Agency has pleaded for more expensive vehicles with high CO2 emissions for more climate protection. “We have to find measures to promote climate-friendly mobility,” said the President of the Federal Environment Agency, Maria Krautzberger, the German Press Agency. A proposal of the Federal Environmental Agency… Continue reading Demands for higher taxation: Front against SUV in Germany is growing

Especially VW in new registrations under pressure: Europe’s car markets continue to shrink

DPA In the first half of the year, Germany only slipped slightly in terms of new registrations; other markets were hit harder The European car market again suffered a significant setback in June. 1.45 million new cars were registered in the EU, 7.8 percent fewer than in the same month last year, announced the European… Continue reading Especially VW in new registrations under pressure: Europe’s car markets continue to shrink

Oliver Zipse could become the new BMW boss: The last Schlipsträger

Tobias Rabbit / dpa He could become the new BMW boss: Oliver Zipse, previously responsible for the production of the board Oliver Zipse has already made a name for himself in the automotive industry. The 55-year-old and possible successor to Group CEO Harald Krüger stands for the fact that BMW has made its production less… Continue reading Oliver Zipse could become the new BMW boss: The last Schlipsträger

Electric offensive shifts the balance of power: VW must give suppliers more power

DPA “Volkswagen needs to provide more support to the partners,” says Stefan Sommer, purchasing director at Volkswagen (image archive) Electromobility shifts the balance of power between car manufacturers and suppliers. Volkswagen wants to bring battery suppliers with money and the establishment of joint companies to produce more capacity for the Group’s electric offensive faster. Volkswagen… Continue reading Electric offensive shifts the balance of power: VW must give suppliers more power

Worker leader and crisis manager: Bertold Huber – the red disruptor

When Berthold Huber moves into the small apartment in the Leipzig hotel “Astoria” next to the train station, he feels a bit lost. But he did that for himself. It is the year 1990 and his IG Metall had actually intended to take over the members of the GDR sister organization just like that –… Continue reading Worker leader and crisis manager: Bertold Huber – the red disruptor

PSA boss Tavares is planning the next blow: what Europe’s toughest car manager is up to now

Carlos Tavares, 60, sits on a podium at the corporate headquarters in Rueil-Malmaison, France, 14 kilometers west of the center of Paris, playing with his wedding ring. It is Thursday, April 25, the French auto maker PSA has invited the shareholders to the Annual General Meeting. Messages for the future flit across flat screens: “Ready… Continue reading PSA boss Tavares is planning the next blow: what Europe’s toughest car manager is up to now