Money is running out: the battery manufacturer Northvolt has stopped payments to joint venture partner Volvo. The board decided to finance its own battery operations in Sweden, Germany and Canada Northvolt announced on Wednesday that priority should be given. Meanwhile, Volvo Cars announced that it would acquire Northvolt’s JV shares in Novo Energy. Northvolt did… Continue reading German Manager Magazine: Northvolt: Battery manufacturer stops payments to joint venture “Novo Energy” with Volvo003691
Author: Manager Magazin (German)
German Manager Magazine: BYD overtakes Tesla in sales003691
Supported by government purchase bonuses in the People’s Republic is growing BYD continues rapidly. The Chinese electric car maker announced quarterly sales on Wednesday that for the first time exceeded those of Tesla exceeded. However, the US group still leads the global sales figures for electric cars because BYD also offers hybrid models. BYD increased… Continue reading German Manager Magazine: BYD overtakes Tesla in sales003691
German Manager Magazine: Daimler Truck: Vehicle manufacturer surprisingly writes off claims in China from003691
The commercial vehicle manufacturer Daimler trucks due to the ongoing review of his business China write off part of the receivables. The negative value adjustment amounts to 180 million euros, as in the Dax listed company the new boss Karin Rådström (45) surprisingly announced on Tuesday evening in Leinfelden-Echterdingen. This is a one-off, extraordinary and… Continue reading German Manager Magazine: Daimler Truck: Vehicle manufacturer surprisingly writes off claims in China from003691
German Manager Magazine: Xiaomi SU7 Ultra: E-car achieved lap record 003689 at the Nürburgring
The prototype of a Chinese electric car from Xiaomi has set a new lap record on the Nürburgring race track. The SU7 Ultra vehicle completed the circuit in six minutes and 46.874 seconds and thus secured the title of the fastest four-door car on this demanding route, said Xiaomi managing director Lei Jun (54) on… Continue reading German Manager Magazine: Xiaomi SU7 Ultra: E-car achieved lap record 003689 at the Nürburgring
German Manager Magazine: Punitive tariffs: German car manufacturers are trembling because of the EU decision on Chinese electric cars003689
The EU additional tariffs on the import of electric cars China step despite resistance from Germany finally in force. The EU Commission passed the necessary regulation on Tuesday, according to a document. This regulation will apply from Thursday after publication in the EU Official Journal. A sufficiently large majority of EU states had previously voted… Continue reading German Manager Magazine: Punitive tariffs: German car manufacturers are trembling because of the EU decision on Chinese electric cars003689
German Manager Magazine: Volkswagen plant closures: “IG Metall will fight for all plants and all jobs at VW”003687
After the savings plans become known Volkswagen IG Metall boss Christiane Benner (56) asked the group management to correct course. “It is the task of company management and management to correct the errors,” said Benner on Tuesday in the ZDF “Morgenmagazin”. For example, e-mobility needs to be expanded. This requires affordable electric models. The remaining… Continue reading German Manager Magazine: Volkswagen plant closures: “IG Metall will fight for all plants and all jobs at VW”003687
German Manager Magazine: Edzard Reuter: Ex-Daimler boss is dead003687
The former boss of Daimler, Edzard Reuter, is dead. This was announced by the press spokesman for the Helga and Edzard Reuter Foundation. He died on October 27th in Stuttgart at the age of 96. “The death of Edzard Reuter fills us with great sadness,” said Susanne Eisenmann, Chairwoman of the Helga and Edzard Reuter… Continue reading German Manager Magazine: Edzard Reuter: Ex-Daimler boss is dead003687
German Manager Magazine: MAN: Truck manufacturer’s sales collapse by 15 percent003686
The Munich truck and bus manufacturer MAN remains the problem child Volkswagen-Commercial vehicle subsidiary Traton. “MAN is suffering from a particularly weak German market,” said Traton boss Christian Levin (57) on Monday. “MAN’s situation is challenging.” In the third quarter, the brand’s sales fell by 15 percent to 3.06 billion euros, and the operating return… Continue reading German Manager Magazine: MAN: Truck manufacturer’s sales collapse by 15 percent003686
German Manager Magazine: Volkswagen: VW employees and works council threaten to block factories003685
The federal government has called on the VW Group to keep jobs. We still have to wait and see what happens Volkswagen himself declared this, said a government spokesman in Berlin with a view to information from the works council, according to which VW wants to close plants and cut tens of thousands of jobs.… Continue reading German Manager Magazine: Volkswagen: VW employees and works council threaten to block factories003685
German Manager Magazine: Collective bargaining dispute: IG Metall starts wave of warning strikes003684
The union IG Metall is using the first opportunity in the collective bargaining dispute to launch a large-scale wave of warning strikes. The union announced on Monday that warning strikes in the night shifts, rallies and other actions in companies in the metal and electrical industries are planned nationwide on Tuesday night, when the peace… Continue reading German Manager Magazine: Collective bargaining dispute: IG Metall starts wave of warning strikes003684