German Handelsblatt: Electric car manufacturer: Li-Auto boss Shen: Audi, BMW and Mercedes have to significantly reduce prices in China004953

Chinese auto executive Shen Yanan The co-founder and president of the electric car startup Li Auto enters the price war with German car manufacturers in the Chinese market. (Photo: Li Auto) Audi, BMW and Mercedes will have to “significantly lower” their prices in China over the next two years in order to keep up with… Continue reading German Handelsblatt: Electric car manufacturer: Li-Auto boss Shen: Audi, BMW and Mercedes have to significantly reduce prices in China004953

German Manager Magazin: Elon Musk: Tesla boss accuses Twitter of fraud in the takeover dispute, counterclaim published001958

The of Elon Musk canceled takeover of the short message service Twitter developed, not entirely unexpectedly, into a legal mud fight. After all, it’s about $44 billion that the Tesla boss had contractually promised for the takeover, but now no longer wants to pay. Twitter then sued the billionaire and Musk filed a countersuit last… Continue reading German Manager Magazin: Elon Musk: Tesla boss accuses Twitter of fraud in the takeover dispute, counterclaim published001958

German Manager Magazin: Tesla: Annual General Meeting votes for stock split001957

Tesla’s shareholders have approved the US electric car maker’s second stock split in around two years. In the campaign, each existing share is to be converted into three new ones. This makes the share certificates cheaper and more accessible for small investors. Tesla announced the plan in March and said in June that the split… Continue reading German Manager Magazin: Tesla: Annual General Meeting votes for stock split001957

German Manager Magazin: Court: Management remuneration for VW works councils inadmissible 001957

In a sensational criminal case last year, the Braunschweig regional court acquitted four VW HR managers of allegations of breach of trust – but the German judiciary continues to be concerned with the often lavish payment of high works councils. The chamber responsible at the time made it clear that senior staff representatives are generally… Continue reading German Manager Magazin: Court: Management remuneration for VW works councils inadmissible 001957

German Handelsblatt: Electric car manufacturer: Li-Auto boss Shen: Audi, BMW and Mercedes have to significantly reduce prices in China004951

Chinese auto executive Shen Yanan The co-founder and president of the electric car startup Li Auto enters the price war with German car manufacturers in the Chinese market. (Photo: Li Auto) Audi, BMW and Mercedes will have to “significantly lower” their prices in China over the next two years in order to keep up with… Continue reading German Handelsblatt: Electric car manufacturer: Li-Auto boss Shen: Audi, BMW and Mercedes have to significantly reduce prices in China004951

German Handelsblatt: Chinese electric cars: BYD starts in Germany – and could become BMW, VW and Mercedes as dangerous as Tesla004949

BYD Han The upper mid-range electric sedan is about the same size as the Tesla Model S. (Photo: IMAGO/VCG) Would you buy a Chinese car? “Not really,” says a young woman. A man with a three-day beard shakes his head. “I don’t intend to do that,” explains a passer-by. And a pedestrian says, “I think… Continue reading German Handelsblatt: Chinese electric cars: BYD starts in Germany – and could become BMW, VW and Mercedes as dangerous as Tesla004949

German Handelsblatt: Chinese electric cars: BYD starts in Germany – and could become BMW, VW and Mercedes as dangerous as Tesla004947

BYD Han The upper mid-range electric sedan is about the same size as the Tesla Model S. (Photo: IMAGO/VCG) Would you buy a Chinese car? “Not really,” says a young woman. A man with a three-day beard shakes his head. “I don’t intend to do that,” explains a passer-by. And a pedestrian says, “I think… Continue reading German Handelsblatt: Chinese electric cars: BYD starts in Germany – and could become BMW, VW and Mercedes as dangerous as Tesla004947

German FAZ: Stimulate to save gas003861

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German FAZ: Indulging in the Lexus003861

Apparently, Toyota’s premium brand hasn’t really caught on in people’s minds yet. The man at the gas pump asks whether that’s an American, but we can’t say how he got the idea. But it resonates with a certain admiration. Which is understandable, the new Lexus NX is all around well turned out. The plus sign… Continue reading German FAZ: Indulging in the Lexus003861