AFP Carlos Ghosn: The Renault boss is said to have declared for years a much too low income at the stock exchange Nissan Chairman of the Board Carlos Ghosn, who has been in custody for three weeks, and the corporation itself are in Japan Charge for violating stock exchange requirements. That confirmed Nissan on Monday… Continue reading Fraud allegations: Procuratorate files charges against Ghosn and Nissan
Author: Manager Magazin (German)
German production in October: surprising decline
DPA Production goes back in October TheGerman Companies have surprisingly shut down their production in October. Industry, Construction and utilities together produced 0.5 percent less than in the previous month, as the Federal Ministry of Economics announced on Friday. Economists, however, had expected a plus of 0.3 percent. “Industrial production started weakly in the fourth… Continue reading German production in October: surprising decline
Diesel scandal: 81,000 join suit against VW
DPA Suffering as a cursed diesel driver against the Volkswagen Group, can be quite expensive. Consumer protec- tors and ADAC are bearing the litiga- tion costs risk in a model declaration suit Tens of thousands of VW diesel drivers feel moved by the group over the table. More than 81,000 are now taking part in… Continue reading Diesel scandal: 81,000 join suit against VW
Decision on long-term contract postponed: Patience game for Audi interim boss Bram Schot
ddp images / Sven Simon Bram Schot has to wait another few weeks for his appointment as permanent Audi boss The decision should reassure a company that has been insecure for months. But the plan went completely wrong. On Thursday, as it was often said, should Audis Members of the Supervisory Board appoint the current… Continue reading Decision on long-term contract postponed: Patience game for Audi interim boss Bram Schot
Trade dispute EU and US: Punitive duty on German cars? Juncker has “good news” for Trump
DPA Juncker, Trump: “Good news for Donald Trump” European Commission chief Jean-Claude Juncker does not believe that US President Donald Trump will soon impose special tariffs on car imports from Europe. He has recently stated with satisfaction that nothing has changed in the relationship between the US and the EU since the standstill agreement agreed… Continue reading Trade dispute EU and US: Punitive duty on German cars? Juncker has “good news” for Trump
Profitability of auto companies: Toyota ahead of BMW, Daimler and VW – but German carmakers invest more in the future
Global car sales decline for the first time since the financial crisis. The profit margin of the 16 leading auto companies has fallen to its lowest level since the financial crisis. Toyota and Suzuki work more profitably than the German carmaker: But that the profit margin of VW, Daimler and BMW is shrinking, is mainly… Continue reading Profitability of auto companies: Toyota ahead of BMW, Daimler and VW – but German carmakers invest more in the future
France fears for Renaults influence: Why Ghosn turbo disassembly becomes a political issue
REUTERS The arrest and dismissal of Carlos Ghosn causes a stir among French politicians Nissan had already announced it two days ago, now Carlos Ghosn is finally rid of his high-ranking job with the Japanese automaker: Nissan’s inspectors have now decided unanimouslyTo remove Ghosn from his position as Chairman of the Nissan Board of Directors.… Continue reading France fears for Renaults influence: Why Ghosn turbo disassembly becomes a political issue
“Otherwise, activists like Elliott will come”: important investors are attacking Daimler CEO Zetsche
There are testimonies of his work, which do not let Daimler’s Chairman of the Supervisory Board Manfred Bischoff (76) look good. There is, for example, the stock price. Exactly with his development, the fund manager David Herro (57) has shaken him recently. How it could be, Herro wanted to know in a telephone call that… Continue reading “Otherwise, activists like Elliott will come”: important investors are attacking Daimler CEO Zetsche
Profit warnings and car dumps: The autumn of the German auto industry
A profit warning chases the next, the sluggish production even drives the German GDP into negative – the showcase industry number one delivers bad news. The overview. The automotive supplier Continental has already revised its profit forecast down twice this year – and again made it subject to reservations at the beginning of November. The… Continue reading Profit warnings and car dumps: The autumn of the German auto industry
VW plans electro-favorable model from 2020: What’s tuned to Diess’ price announcement for Tesla
Volkswagen The Electric Vehicle Study I.D. is the basis for the Golf-style Stromer “Neo”, the VW sold from 2020 He warned more objectivity in the diesel debate and explained in detail the potential pitfalls of hardware retrofits: For long stretches was the appearance of VolkswagenGroup CEO Herbert Diess rather expectable, as he went Thursday night… Continue reading VW plans electro-favorable model from 2020: What’s tuned to Diess’ price announcement for Tesla