German Manager Magazine: Rivian: Frank Klein leaves electric car manufacturer, Javier Varela takes over003299

In the middle of the crisis, the electric car manufacturer Rivian lost its COO Frank Klein (51). After around two years as operational boss, Klein resigned, the start-up from Irvine, California announced on Friday without giving any reasons. Javier Varela, who was most recently deputy CEO at Volvo Cars, will take over his position in… Continue reading German Manager Magazine: Rivian: Frank Klein leaves electric car manufacturer, Javier Varela takes over003299

German Manager Magazine: Daimler Truck increases sales and profits003299

The commercial vehicle manufacturer Daimler trucks started the year stable despite the economic downturn. Despite the decline in sales in the first quarter, sales were almost 13.3 billion euros, slightly above the previous year’s figure, as the DAX group announced on Friday in Leinfelden-Echterdingen. Earnings before interest and taxes adjusted for special effects increased by… Continue reading German Manager Magazine: Daimler Truck increases sales and profits003299

German Manager Magazine: Eissmann: Jobs at insolvent supplier secure for now003297

The jobs at the insolvent auto supplier Eissmann will initially be retained. There are currently no plans to establish operations of Eissmann companies Germany The office of the insolvency administrator Holger Leichtle in Stuttgart announced. In an investor process that has been ongoing for several weeks, around 100 potential interested parties have been contacted. The… Continue reading German Manager Magazine: Eissmann: Jobs at insolvent supplier secure for now003297

German Manager Magazine: Audi sticks to annual forecast despite problems003297

The Ingolstadt car manufacturer Audi holds despite the Supply bottlenecks for engines for high-yield vehicles and the difficult market environment, it is sticking to its forecast for the year as a whole. Chief Financial Officer Jürgen Rittersberger (51) said on Friday that he assumed a return of 8 to 10 percent would be achieved. “The… Continue reading German Manager Magazine: Audi sticks to annual forecast despite problems003297