Chinese car maker BYD’s sales are falling and profits are falling by almost a third. Outside China, however, sales are increasing, although still at a low level. Go to Source
Category: German Press
German Handelsblatt: Auto industry: Chinese VW and Tesla rival BYD records slump in profits011747
Chinese car maker BYD’s sales are falling and profits are falling by almost a third. Outside China, however, sales are increasing, although still at a low level. Go to Source
German Handelsblatt: Auto industry: Chinese VW and Tesla rival BYD records slump in profits011747
Chinese car maker BYD’s sales are falling and profits are falling by almost a third. Outside China, however, sales are increasing, although still at a low level. Go to Source
German Handelsblatt: Auto industry: chip shortage, tariffs, Porsche: VW is struggling with many construction sites011746
VW is in the red in the third quarter – mainly because of Porsche and new US tariffs. How the austerity program works and what challenges still lie ahead. Go to Source
German Handelsblatt: Transporter with a star: Parallel to the VLE: Mercedes is preparing a Sprinter successor011745
So far, the new edition of the Vito and V-Class has only ever been referred to as a luxury MPV. But Mercedes is also taking the industry into the future and further developing the Sprinter. Go to Source
German Manager Magazine: Volkswagen: Shares in the red, loss of billions in the third quarter004520
The Volkswagen-Group is in the third quarter because of the problems Porsche slipped deep into the red. The bottom line was that there was a loss of 1.072 billion euros between July and September, as the Wolfsburg-based car manufacturer announced. A year ago there was a surplus of 1.56 billion euros. Investors reacted nervously: after… Continue reading German Manager Magazine: Volkswagen: Shares in the red, loss of billions in the third quarter004520
German Manager Magazine: Stock market: Dax with profits, Volkswagen and Puma in focus, oil prices are falling004521
Under the impression of a large number of quarterly balance sheets, central bank decisions and the meeting between Donald Trump and Xi Jinping, the Dax started a little higher on Thursday, but then gave up its early gains. Most recently, the leading German index rose by 0.2 percent to 24,072 points. The MDax for medium-sized… Continue reading German Manager Magazine: Stock market: Dax with profits, Volkswagen and Puma in focus, oil prices are falling004521
German Manager Magazine: ZF Friedrichshafen, BMW, Smart, Nvidia – the newsletter “manage:mobility”004520
Dear reader, Unsurprisingly, the current reporting season leaves Germany’s automobile manufacturers looking quite dispirited. Porsche? Operating profit around 99 percent collapsed. Mercedes? Minus 70 percent in profits from ongoing business. This Thursday, some nervous glances will be directed towards Wolfsburg: Volkswagen presents its figures; Porsche, the long-time guarantor of returns, is no longer available. Is… Continue reading German Manager Magazine: ZF Friedrichshafen, BMW, Smart, Nvidia – the newsletter “manage:mobility”004520
German Handelsblatt: Semiconductors: VW: chip supply also secured next week011744
Despite the supply problems with semiconductors, VW can continue producing for the time being. The chips will still be enough next week. Go to Source
Porsche and tariffs: VW profits collapse by 58 percent
Customs duties and Porsche depreciation are tearing a billion-dollar hole in the Volkswagen Group’s balance sheet. The operating return drops to 2.3 percent. (VW, Lamborghini) Go to Source