The federal government has officially confirmed that an investment review is under way for the planned sale of a chip factory by the Dortmund company Elmos to a subsidiary of the Chinese group Sai Microelectronics. The “Handelsblatt” reported on Thursday that the federal government would probably like to allow the takeover. A spokesman for the… Continue reading German Manager Magazin: Elmos: Sale of chip factory to China under consideration002109
Category: German Press
German Manager Magazin: Traton: VW commercial vehicle subsidiary confirms annual targets002108
Traton is sticking to its full-year targets thanks to a good performance in the third quarter. The VW commercial vehicle subsidiary wants to continue to earn an adjusted operating margin before interest and taxes of 5 to 6 percent, as CFO Annette Danielski (56) said on Friday in Munich. In the first nine months, Traton… Continue reading German Manager Magazin: Traton: VW commercial vehicle subsidiary confirms annual targets002108
German Manager Magazin: Porsche AG: Stock in the red despite strong jump in profits in the third quarter002108
The stock market newbie Porsche has skyrocketed profits in the first nine months. While sales grew by almost 16 percent to 26.7 billion euros, operating profit soared by around 40 percent to 5.05 billion euros, as the sports car manufacturer announced on Friday. Sales per vehicle have risen significantly thanks to “advantageous price positioning”, and… Continue reading German Manager Magazin: Porsche AG: Stock in the red despite strong jump in profits in the third quarter002108
German Handelsblatt: Sports car manufacturer: valued too high or fairly? Porsche shares rise above the EUR 100005507 mark
Porsche sports car in front of the Stuttgart Stock Exchange Since the IPO, the carmaker’s shares have risen by 20 percent. (Photo: Reuters) A month after the IPO, the shares of the sports car manufacturer Porsche have reached a new high. On Friday, the paper rose to 101.10 euros. Most recently, it was listed just… Continue reading German Handelsblatt: Sports car manufacturer: valued too high or fairly? Porsche shares rise above the EUR 100005507 mark
German Handelsblatt: Sports car manufacturer: valued too high or fairly? Porsche shares rise above the EUR 100005507 mark
Porsche sports car in front of the Stuttgart Stock Exchange Since the IPO, the carmaker’s shares have risen by 20 percent. (Photo: Reuters) A month after the IPO, the shares of the sports car manufacturer Porsche have reached a new high. On Friday, the paper rose to 101.10 euros. Most recently, it was listed just… Continue reading German Handelsblatt: Sports car manufacturer: valued too high or fairly? Porsche shares rise above the EUR 100005507 mark
German Handelsblatt: Automotive supplier: ZF Friedrichshafen is preparing a possible partial sale of the airbag division005505
ZF Friedrichshafen The automotive supplier is preparing its airbag and seat belt division for a possible partial sale. (Photo: dpa) The automotive supplier ZF Friedrichshafen wants to spin off its airbag and seat belt division and thus prepare for a possible partial sale. The foundation company announced on Wednesday in Friedrichshafen that the decision was… Continue reading German Handelsblatt: Automotive supplier: ZF Friedrichshafen is preparing a possible partial sale of the airbag division005505
German Handelsblatt: Automotive supplier: ZF Friedrichshafen is preparing a possible partial sale of the airbag division005505
ZF Friedrichshafen The automotive supplier is preparing its airbag and seat belt division for a possible partial sale. (Photo: dpa) The automotive supplier ZF Friedrichshafen wants to spin off its airbag and seat belt division and thus prepare for a possible partial sale. The foundation company announced on Wednesday in Friedrichshafen that the decision was… Continue reading German Handelsblatt: Automotive supplier: ZF Friedrichshafen is preparing a possible partial sale of the airbag division005505
German Manager Magazin: European Union: EU states and Parliament agree on combustion engine Aus002105
In the future, only new cars that do not emit any greenhouse gases during operation are to be sold in the EU. The regulation is scheduled to come into force in 2035. Negotiators from the EU states and the European Parliament, both of whom have to approve new EU laws, and the European Commission, which… Continue reading German Manager Magazin: European Union: EU states and Parliament agree on combustion engine Aus002105
German Manager Magazin: Elon Musk fires CEO Parag Agrawal002105 after Twitter takeover
The era of Elon Musk (51) at Twitter according to media reports, has started with layoffs in the executive floor. On Thursday, for example, the previous head of the company Parag Agrawal (38) and CFO Ned Segal were fired, the broadcaster CNBC and the “Wall Street Journal “. According to information from the financial service… Continue reading German Manager Magazin: Elon Musk fires CEO Parag Agrawal002105 after Twitter takeover
German Manager Magazin: Volkswagen: Oliver Blume lowers sales forecast 002105 after profit slump in the third quarter
Due to high one-off costs in the third quarter, the Volkswagen Group suffered a noticeable drop in profits despite a decent run in day-to-day business. In the actual business, the Wolfsburg-based company was able to increase significantly, also because the previous year’s quarter was heavily influenced by Covid restrictions. A multi-billion dollar write-down on the… Continue reading German Manager Magazin: Volkswagen: Oliver Blume lowers sales forecast 002105 after profit slump in the third quarter