Auto parts supplier: Continental says goodbye to the combustion engine

Continental employees The supplier is investing more in e-mobility. (Photo: Bloomberg) Dusseldorf Less turnover, less profit and rising debt – Continental has already experienced better times. The worldwide decline in automobile production is dehumanizing the Dax Group. Sales in the second quarter fell by one percent to 11.3 billion euros, adjusted EBIT by almost 25… Continue reading Auto parts supplier: Continental says goodbye to the combustion engine

Automotive supplier: Small sensation on Continentals Techshow: a half full hybrid

Tire bearings from Continental The profit of the supplier has recently declined significantly. (Photo: AP) Dusseldorf has on its annual tech show Continental presented a small sensation: a newly developed 48-volt mild hybrid drive, which differs from conventional electric drives with a voltage of 48 volts. With it, vehicles can be moved purely electrically up… Continue reading Automotive supplier: Small sensation on Continentals Techshow: a half full hybrid

The deep valley of automotive suppliers

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Analysis: Continental says goodbye to the combustion engine

Continental employees The supplier is investing more in e-mobility. (Photo: Bloomberg) Dusseldorf Less turnover, less profit and rising debt – Continental has already experienced better times. The worldwide decline in automobile production is dying DaxCorporation the balance sheet. Sales in the second quarter fell by one percent to 11.3 billion euros, adjusted EBIT by almost… Continue reading Analysis: Continental says goodbye to the combustion engine

Joint venture: Approval for joint venture of BMW and Great Wall uncertain

BMW logo In a joint factory in China, the E-Mini will be produced by BMW and e-cars from Great Wall. (Photo: AFP) Hong Kong The construction of a joint work of BMW with the Chinese manufacturer Great Wall for electric cars in China encounters obstacles. It is uncertain whether the joint venture will receive regulatory… Continue reading Joint venture: Approval for joint venture of BMW and Great Wall uncertain

Auto parts supplier: This is how Schaeffler wants to avoid short-time work

Schaeffler “Aggressive measures” should not exist at the supplier for the time being. (Photo: AP) Munich The supplier shaken by the car crisis Schaeffler wants to avoid short-time working and layoffs with punctual plant holidays. “It starts with a few closing days,” said CEO Klaus Rosenfeld on Tuesday in a conference call to explain the… Continue reading Auto parts supplier: This is how Schaeffler wants to avoid short-time work

Crisis of the German automotive industry: Schaeffler, Bosch, Aumann – German automotive suppliers in need

picture alliance / dpa Cylindrical roller bearings from Schaeffler: Not only Schaeffler is suffering from the radical change in the automotive industry. Bosch, Leoni, Conti, Aumann, Infineon and BASF are also preparing for difficult times Trade war, weak demand, farewell to internal combustion engine: The German auto industry is in its most difficult phase for… Continue reading Crisis of the German automotive industry: Schaeffler, Bosch, Aumann – German automotive suppliers in need

Demands for higher taxation: Front against SUV in Germany is growing

In view of the ongoing SUV boom, the Federal Environment Agency has pleaded for more expensive vehicles with high CO2 emissions for more climate protection. “We have to find measures to promote climate-friendly mobility,” said the President of the Federal Environment Agency, Maria Krautzberger, the German Press Agency. A proposal of the Federal Environmental Agency… Continue reading Demands for higher taxation: Front against SUV in Germany is growing

VW exhaust scandal: New hope for diesel prosecutors: The secret papers of the Kraftfahrt-Bundesamt

Dusseldorf The written judgment of the higher regional court Koblenz of 12 June 2019 covers 30 sides. In it, the judges on page 8 indirectly answer the question whether Volkswagen the buyer of one VW Sharan deliberately harmed immoral. The passage clearly reads: Volkswagen has the customer one Vehicle with shutdown device sold, wrote the… Continue reading VW exhaust scandal: New hope for diesel prosecutors: The secret papers of the Kraftfahrt-Bundesamt

Analysis: Harald Krüger leaves a legacy at BMW with dark sides

Harald Kruger The CEO retires after 27 years at BMW. (Photo: Sepp Spiegl) Munich is two weeks Harald Kruger still BMW-Chef, the 16th of August is his last working day. Before his designated successor Oliver Zipse the Transactions in the corporate headquarters takes over, Harald Krüger took stock on Thursday. over the first half of… Continue reading Analysis: Harald Krüger leaves a legacy at BMW with dark sides