Tobias Hase / DPA Klaus Fröhlich, Chief Development Officer at BMW, will leave the company at the end of June The board restructuring at the Munich automotive group BMW continues. Development director Klaus Fröhlich will not renew his contract and will retire at the end of June, reports the manager magazin exclusively. Frank Weber is… Continue reading Frank Weber succeeds: Klaus Fröhlich, head of BMW development, leaves
Author: Manager Magazin (German)
Restructuring: MAN truck manufacturer plans to cut 6,000 jobs
picture alliance / dpa MAN wants to cut every 6th position The truck builder MAN wants to cut jobs massively. The “Handelsblatt” reported on Thursday, citing corporate groups, that 6000 of the 36,000 jobs across the company were at acute risk. The Executive Board informed the works council of this number at a consultation meeting.… Continue reading Restructuring: MAN truck manufacturer plans to cut 6,000 jobs
CEO speaks of “strong team performance”: Bonus for 100,000 VW employees increases again
DPA VW employees in Wolfsburg production (archive): The bonus for the past financial year has increased by 4 percent, after 16 percent in the previous year The roughly 100,000 employees in collective bargaining will receive from Volkswagen for the past financial year Show stock market chart again a higher bonus. The premium is expected to… Continue reading CEO speaks of “strong team performance”: Bonus for 100,000 VW employees increases again
Study expects billions of dollars in CO2 penalties for car manufacturers: “Electric cars will continue to be a subsidy business for years to come”
REUTERS Electric car production at Volkswagen According to a study, ten car manufacturers face EU fines totaling 3.3 billion euros next year for high CO2 levels. Short-term measures such as discounts for their electrified or particularly economical cars could hardly compensate for this, explained the industry experts at the management consultancy Deloitte in Munich. The… Continue reading Study expects billions of dollars in CO2 penalties for car manufacturers: “Electric cars will continue to be a subsidy business for years to come”
Fiat presents electric version of the small car 500: This is how FCA starts the e-age with the Cinquecento
DPA The 3rd generation of the mini car Fiat 500 was presented in Milan – including the electric drive The Italians are daring. The FCA group took a local risk at the world premiere of the third generation of the Fiat 500. Because the Geneva Motor Show was canceled, the Italians unveiled the new incarnation… Continue reading Fiat presents electric version of the small car 500: This is how FCA starts the e-age with the Cinquecento
Norway and the Netherlands: Tesla sales in top markets collapse
DPA Tesla in Norway: The approvals of the electric car manufacturer in the Scandinavian country recently plummeted. Satisfactory business figures, a skyrocketing stock price and critics who, if they had Tesla shares, sometimes lost a lot of money: Tesla boss Elon Musk recently had a real run. But these figures should hardly please the entrepreneur:… Continue reading Norway and the Netherlands: Tesla sales in top markets collapse
More than 10,000 technicians fight for a solution: Volkswagen’s massive problems with the flagship electric car ID.3
Volkswagen plant in Wolfsburg, hall 74, 8.30 a.m. Software experts, engineers and top managers meet here every working day for a half-hour morning round. Sometimes there are around 50, sometimes up to 100. Head of Development Frank Welsch (55) is regularly there, as are Digital Director Christian Senger (45) and Thomas Ulbrich (53), who is… Continue reading More than 10,000 technicians fight for a solution: Volkswagen’s massive problems with the flagship electric car ID.3
Car maker slips into the red: Nissan crisis hits Renault
Christian Hartmann / REUTERS Renault slips into the red The crisis at Nissan Show stock market chart leaves deep traces on partner Renault Show stock market chart, The French carmaker reported a loss of 141 million euros for the past year and cut the dividend for shareholders, including the French state. On Friday, management cited… Continue reading Car maker slips into the red: Nissan crisis hits Renault
Daimler CEO Källenius presents future strategy: “The next three years will be a sack full of work”
Annual profit: slumped by a third. The dividend: from 3.25 euros per share to 90 cents. Employee bonuses: plummeted to around EUR 1,000 after around EUR 5,000 the previous year. Daimler’s head of office Ola Källenius, who has been in office since May 2019, has had a catastrophic start – you can’t say it otherwise.… Continue reading Daimler CEO Källenius presents future strategy: “The next three years will be a sack full of work”
Delivery bottlenecks and price jumps threaten: Why the auto industry is heading for a battery crisis
When Ola Källenius (50) praises the first electric Mercedes EQC, as he must do as a Daimler boss, it sounds like bitter irony to many of his colleagues. Källenius recently spoke of the EQC as hot goods that “customers would have to wait nine to twelve months for”. That sounds good, but, as the Daimler… Continue reading Delivery bottlenecks and price jumps threaten: Why the auto industry is heading for a battery crisis