His startup, Argo AI, was one of the most promising companies trying its hand at robocar technology. Software genius Bryan Salesky (43) was supposed to develop the technology for autonomous driving for two car companies, Volkswagen and ford each took a 40 percent stake in Argo AI. But the car manufacturers lost the billion-euro bet… Continue reading German Manager Magazin: Argo AI: The comeback of Bryan Salesky and Peter Rander after their disaster with Volkswagen002370
Author: Manager Magazin (German)
German Manager Magazin: Volkswagen: Oliver Blume collects top salary002369
Volkswagen is driving forward the electrification of its fleet and intends to invest a total of 180 billion euros by 2027. Two-thirds of this should flow into electrification and digitization, said Europe’s largest car company on Tuesday when the 2022 balance sheet was presented in Berlin. In view of a net liquidity of 43 billion… Continue reading German Manager Magazin: Volkswagen: Oliver Blume collects top salary002369
German Manager Magazin: Porsche: VW subsidiary plans higher returns after record profit002366
The sports and off-road vehicle manufacturer Porsche earned more in the past year despite disrupted supply chains and has set itself high return targets. The bottom line is that profits rose by 22.8 percent to almost 5.0 billion euros, as the Stuttgart-based group announced on Monday. The margin climbed from 16 to 18 percent. In… Continue reading German Manager Magazin: Porsche: VW subsidiary plans higher returns after record profit002366
German Manager Magazin: Mercedes-Benz: Ola Källenius increases remuneration by more than two million euros002366
Mercedes BenzBoss Ola Källenius (53) earned better last year than in 2021 thanks to the car manufacturer’s greatly improved earnings situation. Total remuneration rose to 6.58 million euros from 4.28 million euros in the previous year, according to the Dax remuneration report published on Monday -Group emerged. While the fixed remuneration remained unchanged at a… Continue reading German Manager Magazin: Mercedes-Benz: Ola Källenius increases remuneration by more than two million euros002366
German Manager Magazine: Volkswagen builds battery cell plant in St. Thomas in Canada002366
“It’s a big step for Volkswagen. Congratulations to Canada,” said VW Chief Technology Officer Thomas Schmall (59) in Salzgitter. There the company presented the status of its plans. With the decision to locate the fourth European cell factory after northern Sweden, Salzgitter and Valencia in Spain VW, on the other hand, wants to take its… Continue reading German Manager Magazine: Volkswagen builds battery cell plant in St. Thomas in Canada002366
German Manager Magazin: Daimler Truck: Commercial vehicle manufacturer expects significant increase in sales and earnings002365
The commercial vehicle manufacturer Daimler After a good run last year, Truck has big plans for 2023 as well. The total turnover should increase to 55 to 57 billion euros, as the company announced on Friday in Leinfelden-Echterdingen near Stuttgart. Analysts had only expected total sales of around 52 billion euros. Earnings before interest and… Continue reading German Manager Magazin: Daimler Truck: Commercial vehicle manufacturer expects significant increase in sales and earnings002365
German Manager Magazin: EU: State aid for green technologies will be eased until 2025002362
The European Union facilitates state aid for investments in green technologies until the end of 2025. On Thursday in Brussels, the EU Commission announced a temporary relaxation of the so-called state aid rules. Among other things, Brussels is reacting to the multi-billion investment package USA. The announcement came on the eve of a meeting between… Continue reading German Manager Magazin: EU: State aid for green technologies will be eased until 2025002362
German Manager Magazin: BMW: Walter Mertl becomes new Chief Financial Officer, Nicolas Peter retires002363
The car manufacturer bmw surprisingly replaces his chief financial officer. Walter Mertl (49) is to succeed the current incumbent Nicolas Peter (60) in May, as the Dax group announced on Thursday. According to the Munich company, Peter will retire after the Annual General Meeting on May 11, 2023. Peter has been a member of the… Continue reading German Manager Magazin: BMW: Walter Mertl becomes new Chief Financial Officer, Nicolas Peter retires002363
German Manager Magazin: BMW increases profits by almost half002362
The carmaker bmw made a record profit last year. Earnings before taxes increased by 46.4 percent to 23.5 billion euros in 2022, the company announced on Thursday. Sales soared by 28.2 percent to 142.6 billion euros. Last year, the group acquired a majority stake in the Chinese joint venture BMW Brilliance Automotive (BBA) – the… Continue reading German Manager Magazin: BMW increases profits by almost half002362
German Manager Magazin: Volkswagen: Ex-IT boss Martin Hofmann switches to Volta002359
When Martin Hofmann said goodbye to him in a letter in spring 2020 Volkswagen announced after 19 years, the IT boss of the group was diplomatic. it’s time “enter a new phase of life and do something different”. A few months later he joined the software giant Salesforce in a managerial position. Now, three years… Continue reading German Manager Magazin: Volkswagen: Ex-IT boss Martin Hofmann switches to Volta002359