German Manager Magazine: BMW: Nicolas Peter is to succeed Norbert Reithofer as chairman of the supervisory board003801

The future path of Nicolas Peter (62) seemed to be clear. Heinz-Hermann Thiele was the car manufacturer’s then CFO BMW made a tempting offer. Thiele, now deceased patriarch of the Munich supplier Knorr-Bremse, wanted to make Peter chairman of the supervisory board  . The BMW man was supposed to lead the flourishing billion-dollar company Knorr-Bremse… Continue reading German Manager Magazine: BMW: Nicolas Peter is to succeed Norbert Reithofer as chairman of the supervisory board003801

German FAZ: DAX record despite recession – how can that be?008302

The German stock index Dax has surpassed the third thousand in a year: After 18,000 points in March and 19,000 points in September, it reached more than 20,000 points for the first time on Tuesday morning. Like the entire stock market upswing, Tuesday’s trading day was not characterized by euphoria. Progress is being made in… Continue reading German FAZ: DAX record despite recession – how can that be?008302