The Volkswagen-Group sold fewer cars in the last quarter than a year ago. In the months from April to June, the group delivered 2,243,700 vehicles of all group brands worldwide, which was 3.8 percent less than in the same period last year, as the Wolfsburg-based company announced. Above all Audi and China burdened. At Audi,… Continue reading German Manager Magazine: Volkswagen: Group sells fewer cars in the second quarter, Audi sales collapse003427
Author: Manager Magazin (German)
German Manager Magazine: BMW increases sales thanks to electric cars003427
BMW Slightly increased sales of its core brand in the second quarter thanks to strong growth in electric cars. The Munich carmaker sold 565,553 BMW cars from April to June, a good 2 percent more than in the same period last year, as the company announced on Wednesday. The core brand sold almost 1.1 million… Continue reading German Manager Magazine: BMW increases sales thanks to electric cars003427
German Manager Magazine: $370,000 hourly rate: Lawyers demand record fee from Tesla in poker for Elon Musk’s share package003425
After the unprecedented legal dispute over Elon Musk’s (53) billion-dollar remuneration at Tesla, the plaintiff’s lawyers are now demanding record fees themselves. The three law firms that sued Elon Musk’s $56 billion pay package at Tesla are seeking $7 billion in fees, according to court documents filed Monday. In a Delaware court, a shareholder’s attorney… Continue reading German Manager Magazine: $370,000 hourly rate: Lawyers demand record fee from Tesla in poker for Elon Musk’s share package003425
German Manager Magazine: VW Group lowers forecast due to billions in costs, Audi factory in Brussels facing closure003425
Volkswagen updated its forecast for the 2024 financial year on Tuesday evening and issued a profit warning. The group now expects an operating return on sales of 6.5 percent to 7.0 percent, instead of the previously forecast 7.0 percent to 7.5 percent. The reason for this is also billions in charges at its premium subsidiary,… Continue reading German Manager Magazine: VW Group lowers forecast due to billions in costs, Audi factory in Brussels facing closure003425
German Manager Magazine: Schaeffler: Share gives up profits again, skepticism before quarterly report003423
The shares of Schaeffler were noticed on Tuesday morning with a price drop of up to 5 percent to 5.36 euros. This means that the shares of the automotive supplier and industrial group gave up around two thirds of a five-day recovery and also dragged down the shares of the merger partner Vitesco. The day… Continue reading German Manager Magazine: Schaeffler: Share gives up profits again, skepticism before quarterly report003423
German Manager Magazine: Porsche: Car manufacturer sells fewer cars in the first half of the year, sales slump in China003423
Porsche in the first half of the year, among other things, due to a weakening China-Business sold fewer sports and off-road vehicles. From January to June, 155,945 vehicles were delivered worldwide, as the Stuttgart carmaker announced. That was 6.8 percent less than in the same period last year. The renewal of several models also contributed… Continue reading German Manager Magazine: Porsche: Car manufacturer sells fewer cars in the first half of the year, sales slump in China003423
German Manager Magazine: These are the 100 largest family businesses in Germany003422
Despite the economic downturn, war in the Ukraine and high energy prices, the 100 largest family-controlled companies in Germany achieved combined sales of 1.6 trillion euros in 2023. That is around 100 billion euros or around 6 percent more than a year before. The sales figures of the largest German family business are at record… Continue reading German Manager Magazine: These are the 100 largest family businesses in Germany003422
German Manager Magazine: E-car: Operating costs for electric cars are lower than for gasoline cars, according to Verivox003421
The operating costs for Electric cars According to calculations by the Verivox portal, in the first half of the year they were significantly lower than those of cars with a combustion engine. As the newspapers of the Funke media group reported on Sunday, the average energy costs for electric cars were 48 percent lower compared… Continue reading German Manager Magazine: E-car: Operating costs for electric cars are lower than for gasoline cars, according to Verivox003421
German Manager Magazine: Volkswagen truck subsidiary: Traton inspects battery factory in Salzgitter003420
The VW truck subsidiary Traton is examining the construction of another battery factory for electric trucks for its MAN and Scania brands. Possible locations include Salzgitter and Krakow Poland or Zwolle in the Netherlands is being considered, a MAN spokesman told the German Press Agency. The considerations are still in an early phase. The decision… Continue reading German Manager Magazine: Volkswagen truck subsidiary: Traton inspects battery factory in Salzgitter003420
German Manager Magazine: Northvolt: Danger for the German electrical paradise on the coast003418
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: Northvolt: Danger for the German electrical paradise on the coast003418