BMW boss Oliver Zipse (56) had already warned at the beginning of July: The second quarter would be “worst quarter that BMW has ever experienced”. The full extent of the coronavirus crisis with the weeks-long worldwide lockdown of factories and sales outlets still seemed to surprise BMW investors on Wednesday. The one noted in the… Continue reading German Manager Magazin: BMW: Oliver Zipse has to report the first quarterly loss since 2009000053
Author: Manager Magazin (German)
German Manager Magazin: General Motors: Car manufacturer in China relies on cheap electric cars000040
The US automaker General Motors is in because of shrinking market shares China is implementing its strategy and is focusing more on electromobility and automated driving. “The market is changing dramatically,” said GM’s new China boss Julian Blissett of the Reuters news agency. The largest US automaker wants to respond to this and make it… Continue reading German Manager Magazin: General Motors: Car manufacturer in China relies on cheap electric cars000040
German Manager Magazin: Daimler Board of Management rejects four-day working week000040
The introduction of a four-day week is out of the question for the automaker Daimler. “A four-day week with wage compensation, as demanded by IG Metall, is neither expedient nor economically feasible in view of the situation in the automotive industry,” said HR director Wilfried Porth (61) on Wednesday. It is a matter of securing… Continue reading German Manager Magazin: Daimler Board of Management rejects four-day working week000040
German Manager Magazin: VW bugging affair in dispute with Prevent: Suspect found dead in the car000019
In the VW bugging affair there is a dramatic twist. According to one Report of the Wolfsburger Nachrichten A VW employee whose home was arson attacked in May was found dead in a burned-out car on Wednesday. The body was discovered in a car in the village of Rottorf (Helmstedt district). According to information from… Continue reading German Manager Magazin: VW bugging affair in dispute with Prevent: Suspect found dead in the car000019
German Manager Magazin: Electric Mobility: Poland is planning its own electric car brand, cars will be ready for series production from 2023000001
At the end of December 2019, Turkish President Recep Tayyip Erdoğan (66) took an extra dose of pathos on a stage: A “sixty-year-old dream” is now coming true, he explained when presenting two prototypes the first own electric cars in his country. With his dream of his own “people” –Electric car Erdoğan is not alone:… Continue reading German Manager Magazin: Electric Mobility: Poland is planning its own electric car brand, cars will be ready for series production from 2023000001
German Manager Magazin: “We are ready to push our limits” 000001
The car maker Volkswagen want despite the Corona virus-Pandemic still make an operating profit with the VW brand this year. “We continue to be financially robust and are aiming for a positive operating result for the year as a whole,” said Brand Finance Director Alexander Seitz (58) on Friday. “We are ready to push ourselves… Continue reading German Manager Magazin: “We are ready to push our limits” 000001
German Manager Magazin: Car manufacturers give more discounts – highest discounts on electric cars000003
On the German Car market prices drop for end users. According to the regular discount study conducted by the Duisburg CAR Institute, dealers and manufacturers tweaked all available screws for discounts in July. The lower VAT had a particular impact on the internet offer prices of 30 popular models, which were on average 22.5 percent… Continue reading German Manager Magazin: Car manufacturers give more discounts – highest discounts on electric cars000003
German Manager Magazin: Audi AG: Markus Duesmann000002’s comeback plan
The long shutdown of auto factories and car dealers and the slump in customer demand haveAudilet it slide deep into the red. The VW subsidiary sold 22 percent fewer cars worldwide in the first half of the year, sales fell 29 percent to only 20.5 billion euros and the operating loss was 750 million euros.… Continue reading German Manager Magazin: Audi AG: Markus Duesmann000002’s comeback plan
German Manager Magazin: MAN rips VW subsidiary Traton into the red 0000 001
The Volkswagen commercial vehicle holding company Traton cannot rule out a loss for the full year due to customers’ reluctance to buy. It is new Traton boss Matthias Gründler (54) is confident of a certain recovery in the second half of the year. “As our business has slowly stabilized after the sharp slump in April,… Continue reading German Manager Magazin: MAN rips VW subsidiary Traton into the red 0000 001
German Manager Magazin: Automobile industry Quarterly figures: How well (or badly) automakers are coping with the corona crisis000003
For weeks, car factories stood still, car dealerships were orphaned, traffic offices closed: The Coronavirus pandemicSo much has been clear since the lockdowns in Europe and the USA would hit the automotive industry hard. Now a number of major automakers have released their second quarter figures, which ran from early April to late June. Now… Continue reading German Manager Magazin: Automobile industry Quarterly figures: How well (or badly) automakers are coping with the corona crisis000003