According to an analysis, German car manufacturers suffered a setback in international comparison at the beginning of the year. “With a drop in sales of 1.7 percent and a drop in profits by a quarter, the three German car companies performed significantly worse overall than the majority of their competitors,” said the auditing and consulting… Continue reading German Manager Magazine: Volkswagen, BMW, Mercedes-Benz: German car manufacturers have a weak start to the year 003373
Author: Manager Magazin (German)
German Manager Magazine: Tariffs: EU plans punitive tariffs of up to 38 percent for Chinese electric cars003372
Despite all warnings from business, the European Commission is imposing punitive tariffs of up to 38.1 percent on certain electric cars China. The Brussels authorities announced this on Wednesday. The tariffs, which are expected to take effect in July, would be 17.4 percent for BYD, 20 percent for Geely and 38.1 percent for SAIC. According… Continue reading German Manager Magazine: Tariffs: EU plans punitive tariffs of up to 38 percent for Chinese electric cars003372
German Manager Magazine: Porsche SE: Siegfried Wolf re-elected to the Supervisory Board003371
The Austrian manager Siegfried Wolf (66) was at the general meeting of the Porsche SE was elected to the Supervisory Board by the shareholders for another term of office. The Piëch and Porsche families pool their investments in the holding company Volkswagen and the sports car manufacturer Porsche AG. Wolf’s re-election was unanimous at the… Continue reading German Manager Magazine: Porsche SE: Siegfried Wolf re-elected to the Supervisory Board003371
German Manager Magazine: Preh: Automotive supplier plans to cut 420 jobs – IG Metall announces resistance003370
The automotive supplier Preh wants to cut 420 of its 1,700 jobs at its Bad Neustadt an der Saale location in Lower Franconia. Chief Executive Zhengxin Cai said Tuesday that the decline in sales “accelerated significantly” in the first quarter, especially for electric vehicle components. At the same time, our competitiveness suffers from the high… Continue reading German Manager Magazine: Preh: Automotive supplier plans to cut 420 jobs – IG Metall announces resistance003370
German Manager Magazine: ZF: Agreement secures employment at ZF until mid-2028003369
The Auto supplier ZF has promised its employees at the company headquarters on Lake Constance secure jobs until June 2028. Until then, dismissals for operational reasons are excluded, as can be seen from an agreement agreed upon by the company and the ZF general works council. As they announced on Tuesday, around 4,900 employees from… Continue reading German Manager Magazine: ZF: Agreement secures employment at ZF until mid-2028003369
German Manager Magazine: Punitive tariffs on Chinese electric cars: According to the survey, the majority of German companies are in favor of it003368
A majority of German industrial companies support punitive tariffs on electric cars China away. More than 80 percent see them as “justified” or “partially justified” – assuming that the EU Commission comes to the conclusion that electric cars are being unfairly subsidized, like one Survey by the Cologne Institute of German Economics (IW) resulted.… Continue reading German Manager Magazine: Punitive tariffs on Chinese electric cars: According to the survey, the majority of German companies are in favor of it003368
German Manager Magazine: Battery storage: Volkswagen is planning large-scale electricity storage in Northern Germany 003366
The Volkswagen-Group is starting to operate large battery storage systems for the power grid. Next year will be in Germany The first so-called “power center” that temporarily stores green electricity will go online, announced technical director Thomas Schmall (60) on Friday in Berlin. The location will be in northern Germany and the groundbreaking ceremony will… Continue reading German Manager Magazine: Battery storage: Volkswagen is planning large-scale electricity storage in Northern Germany 003366
German Manager Magazine: Porsche: China remains the Achilles heel when it comes to sales 003366
The car manufacturer Porsche has also seen weak demand in the current quarter China to fight. The company got off to a robust start in the second quarter, explained CFO Lutz Meschke (58) at the virtual general meeting on Friday. Demand is encouraging in almost all regions. The exception is China. In the country, demand… Continue reading German Manager Magazine: Porsche: China remains the Achilles heel when it comes to sales 003366
German Manager Magazine: Formula 1: This is how much the teams Red Bull, Mercedes, Ferrari etc. earn – an overview003364
The most valuable media company in the world, Liberty Media, earns well from the formula 1. Not only does this benefit the company, but also the ten teams currently represented in Formula 1. However, the racing teams have to share the piece of the cake that Liberty Media gives up – strictly regulated and based… Continue reading German Manager Magazine: Formula 1: This is how much the teams Red Bull, Mercedes, Ferrari etc. earn – an overview003364
German Manager Magazine: China: CATL leads the list of subsidy recipients, SAIC and BYD follow003364
Last year, leading Chinese battery manufacturer Contemporary Amperex Technology (CATL) ranked among all listed companies in China receive the most government subsidies. This emerges from data compiled by the Chinese information provider “Wind” and evaluated by “Nikkei Asia”. Accordingly, CATL received 5.72 billion yuan (725 million euros) last year, more than twice as much as… Continue reading German Manager Magazine: China: CATL leads the list of subsidy recipients, SAIC and BYD follow003364