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
Author: Manager Magazin (German)
German Manager Magazin: McKinsey: Corona slows down the German auto industry for another three years000002
At the beginning of this week, Opel boss Michael Lohscheller (51) reported a rare success at this time: The car manufacturer from Rüsselsheim, part of the French PSA group, actually made a profit in the first half of the year: 110 million euros in operating profit means a margin of 2 Percent. But, and that… Continue reading German Manager Magazin: McKinsey: Corona slows down the German auto industry for another three years000002
German Manager Magazin: Northvolt Secures $ 1.6 Billion for Battery Factory000001
The Swedish Battery producer Northvolthas secured loans totaling $ 1.6 billion for the massive expansion of its production. The company announced on Wednesday in Stockholm. Donors include other banks, pension funds and financial institutions, including the European Investment Bank (EIB), which provides $ 350 million. This enables the company, which as a partner as from… Continue reading German Manager Magazin: Northvolt Secures $ 1.6 Billion for Battery Factory000001
Dax sells over 2 percent – Volkswagen deep in the red
After his days of lethargy with courses between 12,800 and 12,900 points, theDax clearly decided on Thursday to go down. The leading index dropped by a good 300 points to 12,524.84 points, which meant a minus of 2.3 percent. The MDax of medium-sized stocks fell on Thursday by 1.4 percent to 26,463 points, the Eurozone… Continue reading Dax sells over 2 percent – Volkswagen deep in the red
Porsche’s return targets are a long way off
The sports car maker tooPorschepays in the Corona crisis a strong profit and sees its long-term return targets moving far away. Porsche AG’s operating result fell by more than a quarter to a good EUR 1.2 billion in the first half of the year, as can be seen from the parent company’s Volkswagen annual report… Continue reading Porsche’s return targets are a long way off
Volkswagen has not yet lost the year
Volkswagen is because of Corona crisis get deep in the red. In the second quarter, the world’s largest automaker posted an operating loss of EUR 1.7 billion before special items, as the Wolfsburg-based company announced on Thursday. A year ago there was still a profit of 5.1 billion. In the period from April to June,… Continue reading Volkswagen has not yet lost the year
Elon Musk: Tesla factory in Grünheide gets ready incredibly quickly
Tesla-Boss Elon Musk (49) assumes a quick construction of his Factory in Grünheide near Berlin out. Musk wrote on Twitter, translated accordingly, that “Giga Berlin” would be created at an unimaginable pace. And: “The prefabricated construction in Germany is extremely impressive.” In doing so, he replied to a post that asked whether the factory in… Continue reading Elon Musk: Tesla factory in Grünheide gets ready incredibly quickly
Prevent threatens VW with further legal steps
A spy affair is causing the world’s largest car maker Volkswagen for restlessness. Apparently systematically and over a long period of time, a stranger recorded the conversations of an internal working group. Details have now been made public. The online business magazine “Business Insider” writes about 50 hours of audio recordings from 2017 and 2018… Continue reading Prevent threatens VW with further legal steps
Sigmar Gabriel: His controversial role at Tönnies, Deutscher Bank and Siemens Energy
Sigmar Gabriel’s rise to the top of the German economy begins on a warm winter day in Doha. The 60-year-old was Minister for the Environment, the Economy and Foreign Affairs, and he led the Social Democratic Party of Germany for seven and a half years. Now Hamad bin Khalifa has loaded Al Thani, father of… Continue reading Sigmar Gabriel: His controversial role at Tönnies, Deutscher Bank and Siemens Energy
BMW ties executive salaries to climate targets
BMW boss Oliver Zipse (56) makes climate protection a core goal of the car company. The CO2 emissions per vehicle should be reduced by at least a third by 2030, said Zipse in Munich on Monday and announced: “We will report on our progress every year and be measured against these goals. That will also… Continue reading BMW ties executive salaries to climate targets