The truck and rail supplier Knorr brake After a surprisingly strong second quarter, we are more confident about the year as a whole. According to preliminary results, most of the financial indicators developed better than expected in the spring, said Knorr-Bremse CFO Frank Weber on Monday. It is pleasing that the efficiency program is working.… Continue reading German Manager Magazine: Knorr-Bremse increases profit forecast for the full year003465
Author: Manager Magazin (German)
German Manager Magazine: Volkswagen and Rivian: Cartel Office approves VW’s entry into the electric car manufacturer003466
Volkswagen has from Federal Cartel Office received the green light for the planned entry into the US electric car manufacturer Rivian. The authorities in Berlin announced that the joint venture planned by the two and VW’s minority stake in Rivian had been cleared under merger control law. VW has been struggling with problems with in-house… Continue reading German Manager Magazine: Volkswagen and Rivian: Cartel Office approves VW’s entry into the electric car manufacturer003466
German Manager Magazine: Home office: The expulsion from paradise or the comeback of compulsory attendance003465
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: Home office: The expulsion from paradise or the comeback of compulsory attendance003465
German Manager Magazine: Mitsubishi joins alliance of Honda and Nissan003464
The merger would create a group with total annual sales of more than eight million vehicles, wrote the business newspaper “Nikkei” on Sunday. Among other things, the joint development of software is planned. The details of the agreement are still being negotiated. Mitsubishi declined to comment on the matter. The other two car manufacturers could… Continue reading German Manager Magazine: Mitsubishi joins alliance of Honda and Nissan003464
German Manager Magazine: Varta: Battery company removed from Stoxx indices003463
The Battery company Varta, which is struggling to survive receives the red card from the index provider Stoxx. The share will be removed from all indices on July 30th, it announced late on Thursday evening. Varta is trying to save itself with drastic measures: the old shareholders are to be forced out of the group… Continue reading German Manager Magazine: Varta: Battery company removed from Stoxx indices003463
German Manager Magazine: ZF is cutting up to 14,000 jobs in Germany003462
At ZF Friedrichshafen there are tough cuts Germany before. The automotive supplier from Lake Constance announced on Friday that it wanted to create “slimmer structures” in this country. In concrete terms, this means that between 11,000 and 14,000 jobs will be lost at German ZF locations by 2028. The company currently employs around 54,000 people… Continue reading German Manager Magazine: ZF is cutting up to 14,000 jobs in Germany003462
German Manager Magazine: Audi cuts profit forecast003458
The Ingolstadt Volkswagen subsidiary Audi is reducing its profit forecast due to the high costs of restructuring its factory in Brussels. The company announced on Thursday that the return for the year as a whole will now be between 6 and 8 percent. Previously, Audi had predicted a range between 8 and 10 percent. The… Continue reading German Manager Magazine: Audi cuts profit forecast003458
German Manager Magazine: MG Motor: Chinese are increasingly trying combustion engines in Europe003458
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: MG Motor: Chinese are increasingly trying combustion engines in Europe003458
German Manager Magazine: Ford: Shares fall in double digits, US car manufacturer continues to lose a lot of money with electric cars003459
Electric cars continue to tear billions of holes in the balance sheet ford. In the last quarter, the US car giant posted a loss of $1.14 billion in this division. Combustion models and commercial vehicles, on the other hand, provided positive figures. The bottom line is that group profits fell by 9 percent year-on-year to… Continue reading German Manager Magazine: Ford: Shares fall in double digits, US car manufacturer continues to lose a lot of money with electric cars003459
German Manager Magazine: News about Continental, MG, Porsche, Volkswagen and more in the newsletter “manage:mobility”003458
Dear reader, Before we talk about the upcoming Olympic Games in Paris in this newsletter, a short excursion into Formula 1. It is exciting this season, the dominance of Red Bull driver Max Verstappen (26) is crumbling, as are his nerves. “It’s pretty impressive how we completely botched my race,” complained the Dutchman to his… Continue reading German Manager Magazine: News about Continental, MG, Porsche, Volkswagen and more in the newsletter “manage:mobility”003458