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
Author: Manager Magazin (German)
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
German Manager Magazine: Porsche: Alexander Pollich becomes China boss003447
In view of declining sales figures and an impending customs dispute, the company is changing Porsche his China-Boss out. Alexander Pollich (57), previously Managing Director of Porsche Germany, is expected to take over the position from September, the company announced on Saturday. So far, he has developed the Porsche business not only in Germany but… Continue reading German Manager Magazine: Porsche: Alexander Pollich becomes China boss003447
German Manager Magazine: Volkswagen boss Oliver Blume promotes fairness003446
Volkswagen-Boss Oliver Blume (56) has given the customs dispute between Europe and China advocated unhindered trade relations in Beijing. During talks with China’s trade and industry ministers on Friday, he said free and fair trade was of utmost importance in the current situation. The discussions also discussed global economic developments. He also spoke about the… Continue reading German Manager Magazine: Volkswagen boss Oliver Blume promotes fairness003446
German Manager Magazine: Mercedes boss Ola Källenius supports battery cell production in Serbia003444
Mercedes boss Ola Källenius (55) emphasized the importance of the lithium deposits in Serbia for Europe. “It is important. We are in the process of setting up our raw material supply chains up to the mine on a regional basis,” said Källenius in a Reuters TV interview in Belgrade on Friday. “This lithium deposit here… Continue reading German Manager Magazine: Mercedes boss Ola Källenius supports battery cell production in Serbia003444
German Manager Magazine: Podcast on Northvolt: Why Europe’s battery cell hope needs to be saved003444
Battery cells are the driving force of the electric age; without them, nothing in the electric car runs. But unlike grumbling V8 combustion engines or economical three-cylinder engines, Europe is largely blank when it comes to future technology. In 2017, Peter Carlsson, a former Tesla manager, founded the Swedish start-up Northvolt together with a partner.… Continue reading German Manager Magazine: Podcast on Northvolt: Why Europe’s battery cell hope needs to be saved003444