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Author: Manager Magazin (German)
German Manager Magazine: Tesla shares rise after Trump victory: hedge funds suffer billions in losses003728
Hedge funds, the Tesla Those who sold short have just lost more than $5 billion (almost €4.7 billion). According to the Bloomberg news agency, the reason for this is largely the aftermath of the US election campaign. So have the special relationship between Tesla CEO Elon Musk (53) and winner Donald Trump (78) significantly influenced… Continue reading German Manager Magazine: Tesla shares rise after Trump victory: hedge funds suffer billions in losses003728
German Manager Magazine: Daimler Truck: Achim Puchert becomes the new boss for Mercedes-Benz Trucks003728
The truck builder Daimler trucks has found a new boss for the Mercedes-Benz Trucks brand and the Europe and Latin America regions. The supervisory board appointed manager Achim Puchert (45) as a new member of the board at the beginning of December this year, the commercial vehicle manufacturer from Leinfelden-Echterdingen near Stuttgart announced. Successor to… Continue reading German Manager Magazine: Daimler Truck: Achim Puchert becomes the new boss for Mercedes-Benz Trucks003728
German Manager Magazine: Volkswagen: More VW managers fail with lawsuits003728
Other VW employees are with theirs Lawsuits for payment of bonuses and wage increases failed for now. The Braunschweig Labor Court announced that the claims were completely rejected in two cases. In mid-October, the court rejected the first 23 lawsuits by former VW managers against the car manufacturer’s new austerity measures. Specifically, the non-tariff employees… Continue reading German Manager Magazine: Volkswagen: More VW managers fail with lawsuits003728
German Manager Magazine: Conti increases profits, ContiTech cuts forecast003727
The car supplier and tire manufacturer Continental performed better in the third quarter than experts expected. Sales fell by 4 percent to 9.8 billion euros due to weak industrial business and declining car production. The operating result, adjusted for special effects, rose by 36 percent to 873 million euros, also due to the austerity measures.… Continue reading German Manager Magazine: Conti increases profits, ContiTech cuts forecast003727
German Manager Magazine: Tesla: Shares rally after Trump victory, market value rises to over a trillion dollars003726
The price increase of the Tesla-Share after the election victory of Donald Trump (78) has raised the electric car manufacturer’s market value above the one trillion dollar (0.93 billion euro) mark for the first time since 2022. The paper rose by more than 8 percent to $321.22 on Friday alone. It has increased by more… Continue reading German Manager Magazine: Tesla: Shares rally after Trump victory, market value rises to over a trillion dollars003726
German Manager Magazine: Lithium from Germany: Vulcan Energy starts pilot production003722
The startup Vulcan Energy is coming up with a plan to produce lithium for electric car batteries Germany an important step further. On Friday, the company commissioned a demonstration plant that produces lithium hydroxide in the Frankfurt-Höchst industrial park. The white powder is required by battery cell producers. It is obtained from thermal water from… Continue reading German Manager Magazine: Lithium from Germany: Vulcan Energy starts pilot production003722
German Manager Magazine: Toyota wants to invest more than a billion dollars in Mexico003722
The Japanese car company Toyota wants despite the re-election of Donald Trump (78) to the US President to invest 1.45 billion dollars in its locations in Mexico. “The investment is intended for the production of the new generation of Tacoma and Tacoma hybrid electric pickup trucks and will create 1,600 new jobs,” the Mexican Economy… Continue reading German Manager Magazine: Toyota wants to invest more than a billion dollars in Mexico003722
German Manager Magazine: VW: Works council defends itself against demanded wage cuts003723
The VW works council is resisting the wage cuts demanded by the company. Personnel expenses only accounted for 17 percent of all costs in the group, according to a special edition of the works council newspaper “Mitdeterminieren”, which is available to the German Press Agency. “Just criticizing labor costs is unfair,” writes the employee representatives.… Continue reading German Manager Magazine: VW: Works council defends itself against demanded wage cuts003723
German Manager Magazine: Climate sinners in the Dax: Brenntag, MTU Aero Engines and Vonovia003722
At the end of November 2023 it was brimming RWE-Boss Markus Krebber (51) is brimming with optimism. At the group’s Capital Markets Day in London, the trained banker announced his green master plan, which quite a few industry and corporate insiders consider to be quite risky . According to this plan, the RWE boss wants… Continue reading German Manager Magazine: Climate sinners in the Dax: Brenntag, MTU Aero Engines and Vonovia003722