The founder and former boss of the electric vehicle manufacturer Nikola, Trevor Milton (39), has to answer for fraud in court. The New York District Attorney’s 49-page indictment includes three charges of fraud. Plaintiffs include investors who claim they lost a lot of money because of false information about the publicly traded company’s products. Milton… Continue reading German Manager Magazin: Electric truck builder Nikola: Founder Trevor Milton charged with fraud000994
Category: German Press
German Handelsblatt: Interview with Arno Antlitz: VW CFO on the chip shortage: “The visibility of further developments remains limited” 002615
Düsseldorf Because of the acute shortage of chips, Volkswagen remains cautious for the rest of 2021 despite the brilliant half-year results. “The prospect of the further development of the year remains limited because of the semiconductor situation,” said CFO Arno Antlitz in an interview with the Handelsblatt. The VW Group could not produce several 100,000… Continue reading German Handelsblatt: Interview with Arno Antlitz: VW CFO on the chip shortage: “The visibility of further developments remains limited” 002615
German Handelsblatt: Auto industry: BMW also stops production in Regensburg due to lack of chips002559
BMW plant Regensburg Production will be suspended for a week from Monday. (Photo: dpa) Due to missing components with computer chips, BMW interrupts car production at the Regensburg plant. A one-week break is planned from Monday (July 26), as a spokeswoman said on request on Sunday. After that, a holiday week was planned anyway, so… Continue reading German Handelsblatt: Auto industry: BMW also stops production in Regensburg due to lack of chips002559
German Handelsblatt: Car maker: BGH strengthens diesel plaintiffs: VW claims compensation even after car sales
Compensation after the diesel scandal A switch premium paid by the dealership does not have to be offset against the compensation, according to the BGH. (Photo: dpa) Karlsruhe Diesel plaintiffs who have since resold their cars are also entitled to compensation from Volkswagen. The German Federal Court of Justice (BGH) in Karlsruhe ruled on Tuesday… Continue reading German Handelsblatt: Car maker: BGH strengthens diesel plaintiffs: VW claims compensation even after car sales
German Handelsblatt: Electromobility: VW triples delivery figures for e-cars002490
VW brand electric cars Volkswagen plans to sell more than a million e-powered cars for the first time this year. (Photo: dpa) Wolfsburg Volkswagen is making better and better progress in selling its new electric cars. In the second quarter, global deliveries tripled compared to the same period last year to a good 110,000 purely… Continue reading German Handelsblatt: Electromobility: VW triples delivery figures for e-cars002490
German Handelsblatt: Bilanzcheck: “Our lead should be two to three years”: How Volkswagen is tackling the next upheaval002475
Düsseldorf Herbert Diess certifies a bright future for the automotive industry. Because the electric drive makes vehicles cleaner and safer thanks to autonomous driving, interest in one’s own car is likely to increase significantly in the foreseeable future. “I am very optimistic about the future auto business,” said the Volkswagen CEO to the Handelsblatt. But… Continue reading German Handelsblatt: Bilanzcheck: “Our lead should be two to three years”: How Volkswagen is tackling the next upheaval002475
German Manager Magazin: Electric cars: Tesla will sell Model Y in Germany from August – as China Import000951
Tesla originally wanted to start production of the Model Y in Grünheide in Berlin in July, but the completion of the first European plant is delayed. The Environment Agency is currently checking whether Tesla has installed tanks on its construction site without the appropriate permit. The start of deliveries of the Model Y in Europe… Continue reading German Manager Magazin: Electric cars: Tesla will sell Model Y in Germany from August – as China Import000951
German Manager Magazin: Higher purchase premium for e-cars until the end of 2025000951
Who a new Electric car wants to buy is now clear: The significantly higher state premium will soon be extended to the end of 2025 – so far it is limited to the end of 2021. The Federal Ministry of Economics announced on Thursday that the purchase premium, financed from taxpayers’ money, should be extended… Continue reading German Manager Magazin: Higher purchase premium for e-cars until the end of 2025000951
German Manager Magazin: 11 billion dollar valuation and hardly any income000951
The robot car company Aurora is the first promising developer of future technology to go public. So far from, among others Amazon supported company takes – like many start-ups currently – an abbreviation via the merger with an already listed company shell, a so-called Spac (“Special Purpose Acquisition Company”). Aurora is valued at around eleven… Continue reading German Manager Magazin: 11 billion dollar valuation and hardly any income000951
German Manager Magazin: Volkswagen: Sales are falling in China of all places000952
The brands of Volkswagen-Group delivered almost five million vehicles worldwide between January and June. That was 28 percent more than in the first half of 2020, the group announced on Friday. At that time, during the peak of the first corona wave, the temporary closings of plants and dealers as well as the collapse in… Continue reading German Manager Magazin: Volkswagen: Sales are falling in China of all places000952