Europe’s largest car manufacturer Volkswagen is preparing its workforce for cuts, including in personnel. “The situation is very critical,” said brand boss Thomas Schäfer (52) on Monday in front of 2,000 shop stewards, according to a post on the VW intranet that was available to the dpa IG Metall in Wolfsburg. “It won’t work without… Continue reading German Manager Magazine: Volkswagen: Thomas Schäfer swears employees into cuts002915
Category: German Press
German Manager Magazine: Jona Christians and Laurin Hahn: Sono Motors still finds Investor002914
The insolvent solar car developer Sono Motors has found an investor after all. The New York hedge fund Yorkville is ready to give the Munich-based company enough money to keep it working until at least the end of next year, Sono said on Monday. The ongoing insolvency proceedings could be lifted in January if the… Continue reading German Manager Magazine: Jona Christians and Laurin Hahn: Sono Motors still finds Investor002914
German Handelsblatt: Car manufacturer: “No longer competitive” – VW brand boss prepares workforce for possible job cuts008197
VW management and the works council are negotiating an efficiency program that is expected to bring in ten billion euros. The brand boss warns that there will also be cuts in personnel. Go to Source
German Handelsblatt: Car manufacturer: Volkswagen brand boss prepares workforce for possible job cuts008195
VW management and the works council are negotiating an efficiency program that is expected to bring in ten billion euros. The brand boss warns that there will also be cuts in personnel. Go to Source
German Handelsblatt: Car manufacturer: Volkswagen brand boss prepares workforce for possible job cuts008195
VW management and the works council are negotiating an efficiency program that is expected to bring in ten billion euros. The brand boss warns that there will also be cuts in personnel. Go to Source
Widmann + Winterholler opens a new BMW/Mini car dealership: The customer should feel comfortable
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German Handelsblatt: Auto industry: Mercedes wants to discontinue most station wagon models – but now the group is considering a U-turn008194
The car manufacturer is reducing its model range. This could mean the end of many station wagon models. But the vehicle shape has loyal fans – including within the company. Go to Source
German Manager Magazine: Automotive industry: Schaeffler increases takeover offer for Vitesco shareholders002913
The Herzogenaurach-based automotive and industrial supplier Schaeffler approaches the Vitesco shareholders and raises the takeover offer. Schaeffler is now offering 94 euros per share, as the company announced on Monday. Schaeffler had previously offered 91 euros. Vitesco shareholders have until December 15 to tender their shares. The decision to increase the price underlines Schaeffler’s confidence… Continue reading German Manager Magazine: Automotive industry: Schaeffler increases takeover offer for Vitesco shareholders002913
German Handelsblatt: Takeover: Schaeffler offers more for Vitesco008192
From 91 euros to 94 euros per share: The automotive supplier is moving towards the shareholders of the Continental spin-off. Overall, the takeover is making great progress, it is said. Go to Source
German Handelsblatt: Takeover: Schaeffler offers more for Vitesco008192
From 91 euros to 94 euros per share: The automotive supplier is moving towards the shareholders of the Continental spin-off. Overall, the takeover is making great progress, it is said. Go to Source