Of the Volkswagen-Group has left the Corona low behind for the time being and also closed the difficult year 2020 with a billion-dollar profit. After the considerable slump due to stagnant sales, plant closings and damaged supply chains in the second quarter, the Wolfsburg-based company managed to turn the meanwhile red numbers into positive territory.… Continue reading German Manager Magazin: Volkswagen AG: Profit of billions in Corona year 2020, dividend stable000612
Category: German Press
German Handelsblatt: Car manufacturer: Daimler takes back the reduction in working hours and pays success bonus 001406
Daimler Around 135,000 employees can look forward to a bonus. (Photo: AFP) Stuttgart The car manufacturer Daimler is taking back the cuts in working hours negotiated last summer and is now paying the employees a profit-sharing bonus. This is a reaction to the unexpectedly good business development in 2020 and the currently good market development,… Continue reading German Handelsblatt: Car manufacturer: Daimler takes back the reduction in working hours and pays success bonus 001406
German Handelsblatt: Sports car manufacturer: Porsche boss tightens austerity measures001365
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
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