The ailing auto supplier ZF is selling its driver assistance systems business to die Samsung-Subsidiary Harman International. The Advanced Driver Assistance Systems (ADAS) division is valued at 1.5 billion euros in the deal, ZF announced on Tuesday. CEO Mathias Miedreich spoke of an important milestone in the group’s strategic realignment. The transaction enables the supplier… Continue reading German Manager Magazine: ZF Friedrichshafen: CEO Mathias Miedreich separates from driver assistance division004619
Category: German Press
German Manager Magazine: Acea data: VW remains market leader in the EU, Tesla continues to lose ground004620
The European car market is continuing its recovery at a snail’s pace. A total of 887,491 new cars were registered last month, 2.1 percent more than a year earlier, as the European manufacturers’ association Acea announced in Brussels on Tuesday. In the first eleven months of the year, around 9.86 million cars were newly registered,… Continue reading German Manager Magazine: Acea data: VW remains market leader in the EU, Tesla continues to lose ground004620
German Manager Magazine: Stocks 2025: These are the winners and losers in the Dax004619
2025 has created a clear picture on the stock markets. Investors are looking for stability and political predictability – and they find it in Germany primarily in three individual titles, each of which has more than doubled within twelve months. Armament, energy and finance are the dominant themes in a year in which geopolitical uncertainty… Continue reading German Manager Magazine: Stocks 2025: These are the winners and losers in the Dax004619
German Handelsblatt: Car trade: Volkswagen ends direct sales of electric cars throughout Europe012116
First a pioneer, now a U-turn: VW is once again leaving the e-car business in Europe entirely to its dealers. The manufacturer is thus ending an ongoing dispute. Go to Source
German Handelsblatt: Auto: ZF sells driver assistance division to Samsung subsidiary Harman012117
ZF sells its driver assistance business to Harman. The group would like to use the proceeds to reduce debt and focus more on core areas such as chassis and drive. Go to Source
German Handelsblatt: Car trade: Volkswagen ends direct sales of electric cars throughout Europe012116
First a pioneer, now a U-turn: VW is once again leaving the e-car business in Europe entirely to its dealers. The manufacturer is thus ending an ongoing dispute. Go to Source
Electromobility: VW ends direct sales of electric cars
Volkswagen is giving up direct sales of ID models. In the future, dealers will buy electric cars themselves again and determine the prices. (Electric car, car) Go to Source
Waymo: Robotaxis cause traffic jams during power outages
On Saturday, Waymo taxis got stuck in moving traffic, causing traffic jams in San Francisco. The reason was probably a power outage. (Waymo, car) Go to Source
German Handelsblatt: Car supplier: Samsung subsidiary Harman buys ZF division 012115
The German auto supplier ZF’s driving assistance systems business is changing hands in a billion-dollar deal. The buyer of the division comes from South Korea. Go to Source
German Handelsblatt: Car supplier: Samsung subsidiary Harman buys ZF division 012114
The German auto supplier ZF’s driving assistance systems business is changing hands in a billion-dollar deal. The buyer of the division comes from South Korea. Go to Source