The decline on the US markets continued on Monday. Ongoing concerns about an impending recession in the USA caused the market-wide S&P 500 to fall by 3.00 percent to 5,186 points – this was the largest daily loss since September 2022. The leading index Dow Jones Industrial fell by 1,033 points (2.6 percent) to 38,703… Continue reading German Manager Magazine: Prices fall on the stock exchanges: Dow Jones and Nasdaq dive, Nvidia and Biontech shares in the red003485
Author: Manager Magazin (German)
German Manager Magazine: Knorr-Bremse sells emissions specialist GT Emissions003484
The truck and rail supplier Knorr-Bremse is divesting itself of another peripheral business. GT Emissions Systems, a manufacturer of exhaust gas control systems for diesel engines in trucks and construction vehicles, will be sold to the British financial investor Rcapital Partners, Knorr-Bremse announced in Munich on Monday. The throttle and exhaust gas recirculation flaps are… Continue reading German Manager Magazine: Knorr-Bremse sells emissions specialist GT Emissions003484
German Manager Magazine: Continental: Automotive supplier takes car business public003483
The automotive supplier’s board of directors has been checking for more than a year Continentalhow to best position the company for the future. The latest status, announced last fall: The display and infotainment area UX and a few other areas would be separated and put up for sale. But now the turning point: The board… Continue reading German Manager Magazine: Continental: Automotive supplier takes car business public003483
German Manager Magazine: USA apparently plans to ban Chinese software in self-driving cars003481
According to insiders, the US government is planning to ban Chinese software autonomously driving vehicles. The Commerce Department is expected to propose banning Chinese software products for autonomous and connected cars in the coming weeks. According to the Reuters news agency, this was announced on Sunday from circles familiar with the matter. The US government… Continue reading German Manager Magazine: USA apparently plans to ban Chinese software in self-driving cars003481
German Manager Magazine: Ifo business climate is falling: “The German auto industry is sliding into crisis”003481
The mood in the executive suites of the Germans Automotive industry deteriorated significantly in July. The corresponding indicator for the business climate in this important industry fell to minus 18.3 points, after minus 9.5 points in June, as the Munich Ifo Institute announced on Monday in its manager survey. “The auto industry is sliding further… Continue reading German Manager Magazine: Ifo business climate is falling: “The German auto industry is sliding into crisis”003481
German Manager Magazine: Almost every fifth car fails the general inspection003480
Last year, almost one in five cars failed their regular general inspection. Specifically, 19.2 percent of the vehicles had at least significant defects, according to data from the Federal Motor Transport Authority (KBA). Another 13.1 percent of the cars had minor defects. 67.8 percent had no complaints. The majority of failures were in the “significant… Continue reading German Manager Magazine: Almost every fifth car fails the general inspection003480
German Manager Magazine: Tesla: Electric car manufacturer sticks to expansion in Grünheide, but leaves schedule open003478
The USElectric car buildersr Tesla is committed to the planned expansion of its plant in Grünheide – but is waiting for sales to pick up speed. “We will not spend several billion dollars to expand the factory without the signals being very clear that the market is also asking for this,” said the factory manager… Continue reading German Manager Magazine: Tesla: Electric car manufacturer sticks to expansion in Grünheide, but leaves schedule open003478
German Manager Magazine: Mini Cooper SE Cabrio in the test: 1 out of 999 – the main prize in the open-air lottery003478
Restore iTunes subscription manager+ is processed through your iTunes account and paid for upon confirmation of purchase. 24 hours before expiry, the subscription is automatically extended by one month at the current price of €24.99. You can cancel your subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazine: Mini Cooper SE Cabrio in the test: 1 out of 999 – the main prize in the open-air lottery003478
German Manager Magazine: Audi wants to sell cars in China without the 4-ring logo003477
Apparently it’s becoming reality what manager magazin had already reported about a year ago: The Volkswagen-Daughter Audi According to insiders, the cars developed together with the Chinese partner SAIC are brought onto the market without the logo with the four rings. The vehicles will be unveiled in November, several people familiar with the matter told… Continue reading German Manager Magazine: Audi wants to sell cars in China without the 4-ring logo003477
German Manager Magazine: Porsche: Why VW’s profit pearl is becoming a problem003475
As Porsche-Boss Oliver Blume (56) will join the group in September 2022 Volkswagen took over, his world would henceforth be divided into compulsory and freestyle. The core renovation at Volkswagen was the mandatory part; there were fires everywhere: in the subsidiaries Audi and VW, in the most important market China, at the software subsidiary Cariad.… Continue reading German Manager Magazine: Porsche: Why VW’s profit pearl is becoming a problem003475