German FAZ: Germany’s electricity price chaos angers industry and abroad008356

This weekend, deep “Yara” is bringing wind to Germany again. Sounds like a colorful message, but it has serious consequences for the electricity market. After Thursday’s record prices, the situation is likely to recover somewhat over the weekend because renewable energies are supplying more electricity again. For Saturday, prices on the day-ahead market are “only”… Continue reading German FAZ: Germany’s electricity price chaos angers industry and abroad008356

German FAZ: IG Metall: Rüsselsheim needs a third model for capacity utilization008356

After a visit to the Opel headquarters in Rüsselsheim, Hessian Economics Minister Kaweh Mansoori (SPD) called for “a perspective for the location”. “We stand behind the employees, we know what our colleagues at Opel have been doing for the entire region for decades, some of them in the third, fourth, fifth generation in Rüsselsheim,” said… Continue reading German FAZ: IG Metall: Rüsselsheim needs a third model for capacity utilization008356

German FAZ: “For bags there is LVMH, for cars there is DS”008356

Whether Chanel, Hermès or LVMH – luxury goods companies are a mainstay of the French economy, and their bags, perfumes and clothes are world-famous. The French have a harder time with other premium products. When you think of high-quality and high-priced cars, you tend to think of Porsche, Mercedes, Audi and BMW instead of Renault… Continue reading German FAZ: “For bags there is LVMH, for cars there is DS”008356

German FAZ: “For bags there is LVMH, for cars there is DS”008356

Whether Chanel, Hermès or LVMH – luxury goods companies are a mainstay of the French economy, and their bags, perfumes and clothes are world-famous. The French have a harder time with other premium products. When you think of high-quality and high-priced cars, you tend to think of Porsche, Mercedes, Audi and BMW instead of Renault… Continue reading German FAZ: “For bags there is LVMH, for cars there is DS”008356

German FAZ: Off to the weekend008356

No fumes Since the trend for extractor hoods is increasingly towards downdraft, i.e. hobs with an extractor unit in the middle, the manufacturer Berbel is also keeping this type of device cooking. The new Downline Infinity Pro and Advance models draw the steam downwards in a spiral. The square shape of the extractor is intended… Continue reading German FAZ: Off to the weekend008356

German FAZ: Who has won more than Elon Musk?008358

Apparently there used to be more tinsel. But shareholders couldn’t have received a much more Christmassy gift than this year. Even Friday the 13th wasn’t an unlucky day for the stock exchangers: DAX record number 41 for this year! More than 20,522 points were achieved in the morning. More than 22 percent plus for Germany’s… Continue reading German FAZ: Who has won more than Elon Musk?008358

German FAZ: Now old trench warfare is breaking out again in the VW Group008357

The Volkswagen Group crisis has kept the Republic in suspense for weeks. Right in the middle: Oliver Blume. The man in his mid-fifties not only leads the group with its dozen brands as CEO, but also the sports car manufacturer Porsche. All in all, he recently summarized at a works meeting in Wolfsburg, the group… Continue reading German FAZ: Now old trench warfare is breaking out again in the VW Group008357

German FAZ: Industrial dispute in the VW Group – what is the situation with the automotive industry?008356

The labor dispute in the Volkswagen Group has recently come to a head: tens of thousands of employees have already stopped work twice to protest against the management’s austerity plans in Wolfsburg. There is a lot at stake, as company leaders have even discussed closing entire plants. That would be a turning point for Germany’s… Continue reading German FAZ: Industrial dispute in the VW Group – what is the situation with the automotive industry?008356

German Manager Magazine: Porsche SE: Major Volkswagen shareholder expects loss of billions 003826

The Porsche Holding SE (PSE) expects a loss of billions for 2024. “The consolidated result after taxes of the Porsche SE Group for the 2024 financial year will be significantly negative,” said the major shareholder Volkswagen and Porsche on Friday after the stock market closed. The forecast for consolidated earnings after taxes of between 2.4… Continue reading German Manager Magazine: Porsche SE: Major Volkswagen shareholder expects loss of billions 003826