Category: German Press

German FAZ: Two former VW managers sentenced to several years in prison for diesel affair009398

Almost ten years after the diesel scandal became known, a judgment against four former managers and engineers from the Volkswagen Group were given at the Braunschweig district court. The 6th criminal chamber imposed on Monday, sometimes several years of prison, against the accused, against which had previously been negotiated for more than four years. The… Continue reading German FAZ: Two former VW managers sentenced to several years in prison for diesel affair009398

German Manager Magazin: BYD: Chinese electric car manufacturer tightened price war on China’s car market, stocks bend ein004213

After the announcement of massive discounts Byd on Monday in Hong Kong for a significant slump in Chinese electric car shares. The BYD share temporarily dropped by more than 8 percent, while competitors such as Li Auto, Great Wall Motor and Geely also had to accept losses of more than 5 percent. The triggering of… Continue reading German Manager Magazin: BYD: Chinese electric car manufacturer tightened price war on China’s car market, stocks bend ein004213

German Manager Magazin: Thyssenkrupp: Further sectors are to be split off004214

The Industrial group Thyssenkrupp wants to after the independence of the divisions Steel and naval shipbuilding also set up the other three business areas independently. In the medium term, Thyssenkrupp AG should become a “strategic group management company” with independent units, the company said in Essen. They want to keep majority investments in the shops.… Continue reading German Manager Magazin: Thyssenkrupp: Further sectors are to be split off004214

German Manager Magazin: Volvo Cars: 3000 administrative staff affected by job cuts.

The Swedish Carmaker Volvo Cars wants to delete about 3000 jobs in the course of its ongoing restructuring. The manufacturer, controlled by Chinese Geely Holding Donald Trump (78). “The automotive industry is in the middle of a challenging phase. In order to meet this, we have to improve our cashflow and structure our costs structurally,”… Continue reading German Manager Magazin: Volvo Cars: 3000 administrative staff affected by job cuts.

German Manager Magazin: BYD: How the Chinese manufacturer tricks past Tesla for e-car sales 004210

Log in the manager Digital subscription Always an insight ahead. Get access to this and all content of the Manager app with Manager+ access. Buy now Your payment options: PayPal Visa Mastercard Applepay GooglePay Easy payment. Can be canceled at any time. Restore iTunes subscription Manager+ is handled via your iTunes account and paid for… Continue reading German Manager Magazin: BYD: How the Chinese manufacturer tricks past Tesla for e-car sales 004210

German Manager Magazin: Volkswagen Dieselskandal: Court condemns former VW managers to doure for detention 004210

In the criminal process for Diesel affair Are four former managers of Volkswagen was guilty about fraud. The Wirtschaftsverkammer of the Braunschweig Regional Court condemned two defendants for several years of prison, two ex-employees received probation penalties. With the judgment, a huge procedure ends after almost four years. While the defendants are convicted from the… Continue reading German Manager Magazin: Volkswagen Dieselskandal: Court condemns former VW managers to doure for detention 004210