The automotive supplier Mahle is restructuring. The Stuttgart-based company is reorganizing its business areas and reducing its management from seven to four members. Mahle announced this on Friday. Arnd Franz remains CEO, Jumana Al-Sibai, Markus Kapaun and Georg Dietz also remain part of the management. In the future, Al-Sibai will lead the “Thermal and Fluid… Continue reading German Manager Magazine: Mahle: Automotive supplier is downsizing its management003782
Category: German Press
German Manager Magazine: Volkswagen crisis: IG Metall disappointed by VW003784’s rejection of the future concept
Volkswagen has the latest proposals from IG Metall and works council to reduce costs rejected as insufficient. “Even after intensive analysis, a sustainable saving of 1.5 billion euros cannot be determined,” said Europe’s largest car manufacturer after testing the concept. “Although there can be positive effects in the short term, the measures mentioned will generally… Continue reading German Manager Magazine: Volkswagen crisis: IG Metall disappointed by VW003784’s rejection of the future concept
German Manager Magazine: Formula 1: Qatar invests in Audi’s Formula 1 team with sovereign wealth fund Qatar Investment Authority003783
The sovereign wealth fund of the Emirate of Qatar is increasing Audi Formula 1 team a. The Qatar Investment Authority (QIA) has made a binding commitment to take over a significant minority stake, it said Volkswagen-Daughter on Friday. The car manufacturer did not provide any information about the extent of the investment. According to an… Continue reading German Manager Magazine: Formula 1: Qatar invests in Audi’s Formula 1 team with sovereign wealth fund Qatar Investment Authority003783
German Manager Magazine: Volkswagen: Car manufacturer faces billions in fine in India – accusation of tax evasion003782
Volkswagen threatens, according to a document India a billion-dollar fine for tax evasion. The company has underpaid a total of almost $1.4 billion in import duties since 2012, according to a 95-page document from the Indian customs authorities dated September 30, which was seen by Reuters. VW knowingly violated customs regulations by sending the parts… Continue reading German Manager Magazine: Volkswagen: Car manufacturer faces billions in fine in India – accusation of tax evasion003782
Workshop service: HUK-Coburg takes over majority stake in pitstop
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German Handelsblatt: Autonomous driving: Mercedes relies on startup Momenta010174 for autonomous driving in China
According to a report, Mercedes is investing $75 million in the company. This would make Momenta the first Chinese supplier selected by the group for a key technology. Go to Source
German Handelsblatt: Auto supplier: Mahle is merging divisions and reducing management010173
The fifth-largest German automotive supplier is cutting three board positions and reorganizing its business areas. The future areas of electrification and thermal management will be strengthened. Go to Source
German Handelsblatt: VW, BMW, Mercedes: “Very small returns on capital” – fund managers warn against German car stocks010172
After a fall in prices, the shares of VW, BMW, Mercedes and Porsche currently appear to be attractive. But is that true? Caution is advised when taking a closer look. Go to Source
German Handelsblatt: Collective bargaining negotiations: VW rejects IG Metall’s future plan010170
The works council and IG Metall wanted to prevent plant closures with their own future concept. But after an analysis, VW is not convinced. There was “no evidence” of relief. Go to Source
German Handelsblatt: Collective bargaining negotiations: VW rejects IG Metall’s future plan010170
The works council and IG Metall wanted to prevent plant closures with their own future concept. But after an analysis, VW is not convinced. There was “no evidence” of relief. Go to Source