Category: News Type

German Handelsblatt: Volkswagen: The chronology of an expulsion: how VW boss Diess was replaced004809

Herbert Diess The replacement of Herbert Diess as VW boss was announced on Friday. Years of power struggles followed. (Photo: Reuters) The news last Wednesday came as a complete surprise to Volkswagen boss Herbert Diess. The head of the supervisory board, Hans Dieter Pötsch, had asked for an interview at short notice for lunchtime, and… Continue reading German Handelsblatt: Volkswagen: The chronology of an expulsion: how VW boss Diess was replaced004809

German Handelsblatt: Volkswagen: The chronology of an expulsion: how VW boss Diess was replaced004808

Herbert Diess The replacement of Herbert Diess as VW boss was announced on Friday. Years of power struggles followed. (Photo: Reuters) The news last Wednesday came as a complete surprise to Volkswagen boss Herbert Diess. The head of the supervisory board, Hans Dieter Pötsch, had asked for an interview at short notice for lunchtime, and… Continue reading German Handelsblatt: Volkswagen: The chronology of an expulsion: how VW boss Diess was replaced004808

German Handelsblatt: Comment: Not only Herbert Diess failed at Volkswagen – the supervisory board004807 did too

VW boss Herbert Diess The replacement of Herbert Diess as VW boss was delayed for a long time by the supervisory board. (Photo: Reuters) Despite the abrupt expulsion: Herbert Diess was exactly the right CEO for Volkswagen at the beginning. After taking office in April 2018, the VW boss uncompromisingly switched the automaker to the… Continue reading German Handelsblatt: Comment: Not only Herbert Diess failed at Volkswagen – the supervisory board004807 did too

Rupee faces risk of further decline to 82 vs USD in near term: Experts

New Delhi: Indian rupee may further depreciate to 82 to a dollar in the near term due to widening of trade deficit and expected aggressive rate hike by the US Fed later this week to tame record high inflation, economists said. There is widespread speculation that the US Fed in its July 26-27 meeting may… Continue reading Rupee faces risk of further decline to 82 vs USD in near term: Experts

FPIs return to Indian equities; invest Rs 1,100 crore in July

New Delhi: The relentless selling by foreign investors appears to have taken a breather as they have turned net buyers so far this month with an investment of nearly Rs 1,100 crore in the Indian equity market. This comes following a net withdrawal of Rs 50,145 crore from equities in June. This was the highest… Continue reading FPIs return to Indian equities; invest Rs 1,100 crore in July

Mahesh Babu: ‘At Switch, each region will address its own market’

Let’s begin with the pandemic and if it has altered Switch’s long-term goals. What do you have to say?  The pandemic had a three-fold impact. One, the market was down and it started to pick up now which is good. However, it was challenging for us to set up our international business. Travel was banned… Continue reading Mahesh Babu: ‘At Switch, each region will address its own market’

German Handelsblatt: Auto industry: software chaos, sales problems in China, distrust in the leadership: what the new VW boss has to tackle now004804

Cariad Volkswagen’s software unit was overwhelmed with too many tasks. (Photo: dpa) When Herbert Diess officially hands over the top post at Volkswagen to Oliver Blume at the end of August, he will be leaving his successor a company in the midst of upheaval. Although the 63-year-old initiated the transformation towards electromobility and the development… Continue reading German Handelsblatt: Auto industry: software chaos, sales problems in China, distrust in the leadership: what the new VW boss has to tackle now004804

German Handelsblatt: Automotive and industrial suppliers: For more than half a billion euros: Schaeffler takes over drive specialist Ewellix004802

Headquarters of Schaeffler AG The company from Herzogenaurach is investing 582 million euros in the drive specialist Ewellix. (Photo: dpa) The automotive and industrial supplier Schaeffler is taking over the drive specialist Ewellix for well over half a billion euros. This will strengthen the group’s industrial business, Schaeffler announced on Sunday in Herzogenaurach. A price… Continue reading German Handelsblatt: Automotive and industrial suppliers: For more than half a billion euros: Schaeffler takes over drive specialist Ewellix004802