Porsche emblem on a bonnet The sports car manufacturer has probably started the new year on a good note. (Photo: dpa) Berlin The VW sports car subsidiary Porsche is tightening its savings program. “We are now planning a total of around ten billion euros over the next five years to secure the result. Originally it… Continue reading German Handelsblatt: Sports car manufacturer: Porsche boss tightens austerity measures001365
Category: German Press
German Manager Magazin: Porsche SE: VW subsidiary tightens austerity program until 2025000584
The sports car subsidiary Porsche is tightening its savings program. “In the next five years we are now planning a total of around ten billion euros to secure the result. Originally it was six billion euros,” said CEO Oliver Blume of the “Automobilwoche”. “After 2025 it should be three billion euros a year.” Initially, an… Continue reading German Manager Magazin: Porsche SE: VW subsidiary tightens austerity program until 2025000584
German Handelsblatt: Auto supplier: Continental board wants to forego dividend distribution001355
Continental In 2021, Conti shareholders are expected to miss out on dividends for the first time in eleven years. (Photo: dpa) Düsseldorf The 2020 corona year left its mark on Continental’s balance sheet. The board of directors around the new Conti boss Nikolai Setzer therefore wants to forego a dividend distribution in the current year.… Continue reading German Handelsblatt: Auto supplier: Continental board wants to forego dividend distribution001355
German Handelsblatt: Revolution from above: Källenius is already planning the next revolution: Daimler is examining premature end to the combustion engine001354
Daimler boss Ola Källenius The next S-Class could drive exclusively electrically. (Photo: Thomas Kuhlenbeck) 2021 will be a fateful year for Daimler. The spin-off of the truck division is only an intermediate step towards an even more profound revolution: Mercedes could become combustion-free far earlier than previously planned. CEO Ola Källenius wants to speed up… Continue reading German Handelsblatt: Revolution from above: Källenius is already planning the next revolution: Daimler is examining premature end to the combustion engine001354
German FAZ: Toyota shakes off the semiconductor shortage000925
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German FAZ: VW criticizes its suppliers for lack of chips000926
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German Handelsblatt: New CO2 model: Volkswagen increases prices – except for electric cars001304
Volkswagen logistics car park The next price increase at the Wolfsburg-based car manufacturer is due at the beginning of March. (Photo: dpa) Düsseldorf The January result was miserable: the Volkswagen Passenger Cars brand sold just 34,000 cars in Germany in January, a decrease of 30 percent compared to the same month last year. Nevertheless, the… Continue reading German Handelsblatt: New CO2 model: Volkswagen increases prices – except for electric cars001304
German Handelsblatt: Suppliers: minus less dramatic than feared: ZF Friedrichshafen comes through the corona year 001300 lightly
ZF plant in Friedrichshafen The supplier benefited from the rapid recovery of the Chinese auto market in 2020. (Photo: dpa) Düsseldorf The corona crisis weighs on the results of ZF Friedrichshafen: According to the preliminary figures published by Germany’s third-largest auto supplier this Monday morning, sales have fallen by around eleven percent to 32.6 billion… Continue reading German Handelsblatt: Suppliers: minus less dramatic than feared: ZF Friedrichshafen comes through the corona year 001300 lightly
German Manager Magazin: Tesla: rival Rivian could build its own factory in Germany000566
Tesla has big plans in Grünheide: But the expansion of the factory, the 500,000 in the future Electric cars deliver each year and at the same time become the world’s largest battery factory, apparently slows down. Insiders speak loudly “Automobile week” of a “massive delay” for both the car and the planned battery plant. Five… Continue reading German Manager Magazin: Tesla: rival Rivian could build its own factory in Germany000566
German Manager Magazin: Volkswagen AG: Main owner Porsche SE before billions in profit due to reasonably good group figures000566
Of the Volkswagen– The main owner Porsche SE expects a net profit of around 2.6 billion euros for the past year. The holding company of the Porsche and Piëch families announced on Friday that, as things stand at present, the group result will likely be in this range. That would be 1.8 billion euros or… Continue reading German Manager Magazin: Volkswagen AG: Main owner Porsche SE before billions in profit due to reasonably good group figures000566