The billions in costs for the combustion engine extension almost completely wiped out the profits of the sports and off-road vehicle manufacturer Porsche in the first three quarters. Earnings after taxes fell by 95.9 percent year-on-year to just 114 million euros, as the company announced. From July to September, the Stuttgart-based company even reported red… Continue reading German FAZ: At Porsche, profits collapse by more than 95 percent010139
Category: German Press
German FAZ: VW will produce normally next week010138
Despite the chip crisis, there will be no production downtimes at Volkswagen next week. As things stand today, vehicle production at the German locations will be secured for the coming week, the group said. “The delivery bottlenecks at the Dutch chip manufacturer Nexperia continue to have no impact on production at the Volkswagen brand’s vehicle… Continue reading German FAZ: VW will produce normally next week010138
German Manager Magazine: Porsche: Profit slump of 95.9 percent in the first three quarters004512
The car manufacturer Porsche is making a heavy loss due to its severe crisis: burdens from the strategic realignment led to an operating loss of almost one billion euros in the third quarter. From January to September, the Group’s operating result shrank to a full 40 million euros from a good four billion euros a… Continue reading German Manager Magazine: Porsche: Profit slump of 95.9 percent in the first three quarters004512
German Manager Magazine: Chip crisis: Nexperia’s parent company defends itself against Dutch interventions004511
In the dispute over chip manufacturer Nexperia, its Chinese owner has rejected the Dutch government’s actions. The dismissal of a Nexperia manager in the Netherlands China “Not legally valid,” said the Wingtech group. The company reserves the right to take “all legal steps”. “Mr. John Chang’s employment contract has not been legally terminated or modified,… Continue reading German Manager Magazine: Chip crisis: Nexperia’s parent company defends itself against Dutch interventions004511
German Handelsblatt: Due to a change in strategy: sports car manufacturer Porsche reports a 95.9 percent drop in profits011694
Sluggish sales in China, combustion engine comeback, change of boss: Porsche has not been able to calm down for months. Now the former profit giant in the Volkswagen Group is even reporting red numbers for a quarter. Go to Source
German Handelsblatt: Car manufacturer: Porsche deep in crisis: Sports car manufacturer reports quarterly loss of almost one billion euros011691
The decline in sales in China and US tariffs are putting a heavy burden on the German sports car manufacturer. Further positions are to be eliminated. Porsche is focusing on a new strategy. Go to Source
German Handelsblatt: Industry: “We should better let a few locations at Daimler or VW move abroad”011690
The author Konstantin Richter says: 300 men shaped German industry. Who they are, why so little new is being created – and why most Germans don’t care about the industry today. Go to Source
German Handelsblatt: Volkswagen: The highest paid manager is finally leaving VW: Diess is retiring011689
His contract ends on his 67th birthday: Herbert Diess has not been at the top since 2022, but until recently the company paid him more than CEO Oliver Blume. Go to Source
German Handelsblatt: Due to a change in strategy: sports car manufacturer Porsche reports a 95.9 percent drop in profits011690
Sluggish sales in China, combustion engine comeback, change of boss: Porsche has not been able to calm down for months. Now the former profit giant in the Volkswagen Group is even reporting red numbers for a quarter. Go to Source
German Handelsblatt: Car manufacturer: Porsche deep in crisis: Sports car manufacturer reports quarterly loss of almost one billion euros011689
The decline in sales in China and US tariffs are putting a heavy burden on the German sports car manufacturer. Further positions are to be eliminated. Porsche is focusing on a new strategy. Go to Source