The model change in important series and the weak sales China press at the sports car manufacturer Porsche on the win. An operating result of 3.1 billion euros was achieved in the first half of the year, around a fifth less than a year ago. The second quarter was stronger than the start of the… Continue reading German Manager Magazine: Model changes and weak sales depress Porsche profits003457
Author: Manager Magazin (German)
German Manager Magazine: Salary ranking for DAX bosses: Up to ten million euros annual salary for CEOs003456
After a decline in 2022, board salaries in Germany’s largest listed companies rose again in 2023. The average compensation per board member in the 40 DAX companies rose by 5.8 percent, according to a study by the German Association for the Protection of Securities Ownership (DSW). On average, the top managers each received around 3.6… Continue reading German Manager Magazine: Salary ranking for DAX bosses: Up to ten million euros annual salary for CEOs003456
German Manager Magazine: Tesla share price slides due to slump in profits in Q2003453
The US electric car manufacturer Tesla reported $25.5 billion in sales from April to June. That is $0.6 billion more than in the same period last year, but less than in the first quarter of the current year. In terms of sales, Tesla narrowly exceeded analysts’ expectations. However, the robust sales came at the price… Continue reading German Manager Magazine: Tesla share price slides due to slump in profits in Q2003453
German Manager Magazine: Toyota: Car manufacturer announces billion-dollar share buyback003453
Toyota starts a billion-dollar share buyback and thereby breaks ties with other large Japanese companies. The world’s largest car manufacturer announced on Tuesday that it would remove up to 807 billion yen (4.75 billion euros) of its own shares from the market. As part of the program, Toyota is offering 2,781 yen per share. In… Continue reading German Manager Magazine: Toyota: Car manufacturer announces billion-dollar share buyback003453
German Manager Magazine: Northvolt: Battery cell manufacturer in crisis restructures board003453
Recently, things have been anything but smooth for the Swedish battery cell manufacturer Northvolt. The group under co-founder and CEO Peter Carlsson (53) lost one BMW-Contract worth 2 billion euros; manager magazine reported exclusively about it. The reasoning was serious: the quality of the cells was not yet stable enough and the delivery date had… Continue reading German Manager Magazine: Northvolt: Battery cell manufacturer in crisis restructures board003453
German Manager Magazine: Porsche: Production of several series at risk due to flood damage003451
The sports car manufacturer Porsche has to revise its annual forecast downwards due to supply bottlenecks for aluminum alloys. As the DAX company announced on Tuesday night, the flooding of a production facility of an important European supplier has led to significant bottlenecks in special aluminum alloys. The supplier informed its customers about the occurrence… Continue reading German Manager Magazine: Porsche: Production of several series at risk due to flood damage003451
German Manager Magazine: Knorr-Bremse: How Marc Llistosella wants to double the market value003451
The goal is to double the market value “Knorr-Bremse must not become a takeover candidate” Within three years, Knorr-Bremse had lost three company bosses, then Marc Llistosella arrived in 2023. In the conversation, the edgy ex-Daimler manager explains how he wants to change the culture, how he trims profits and how his first Christmas speech… Continue reading German Manager Magazine: Knorr-Bremse: How Marc Llistosella wants to double the market value003451
German Manager Magazine: Vitesco and Schaeffler: Auto suppliers lower forecast003449
The two auto suppliers Vitesco and Schaeffler, who are about to merge, are lowering their annual forecasts due to the weak industry economy. The recovery in the automotive industry is progressing slowly, especially for electric cars, Vitesco announced on Monday evening in Regensburg. Due to the lower number of orders from car manufacturers, Vitesco is… Continue reading German Manager Magazine: Vitesco and Schaeffler: Auto suppliers lower forecast003449
German Manager Magazine: Volkswagen: New platform in China significantly reduces costs for electric cars003449
Volkswagen Together with its Chinese partner Xpeng, wants to significantly reduce costs with a new platform for electric cars. The two companies signed a corresponding agreement and launched two joint development centers, as VW announced on Monday. Everyone should be in as early as 2026 China The cars built by VW are based on the… Continue reading German Manager Magazine: Volkswagen: New platform in China significantly reduces costs for electric cars003449
German Manager Magazine: Varta: Battery manufacturer wants to force out old shareholders – shares fall by 80 percent003448
The badly hit battery company Varta wants to force the existing shareholders out of the company in the fight for survival. In addition, creditors should forego a large part of their money and their claims – resistance to the company’s plans is already forming among them. Varta announced on Sunday evening in Ellwangen that it… Continue reading German Manager Magazine: Varta: Battery manufacturer wants to force out old shareholders – shares fall by 80 percent003448