In the midst of the struggle over factory closures and mass layoffs, Volkswagen is pushing ahead with a billion-dollar software development pact with its American partner Rivian. On Tuesday evening, the two companies announced that the planned joint venture would begin work on Wednesday. The goal is to bring the VW Group’s first vehicles onto… Continue reading German FAZ: VW seeks relief from the software crisis008150
Category: German Press
German FAZ: Why the VW employees in Baunatal are frustrated008149
Carsten Büchling is combative. “There will be no mass layoffs with us and no factory closures,” says the works council chairman of the VW plant in Baunatal. He also sharply criticizes the demands of the company’s board of directors for a pay cut of ten percent: “We will not allow any intervention in the wallets… Continue reading German FAZ: Why the VW employees in Baunatal are frustrated008149
German FAZ: VW gets help from Tesla challenger 008148 with electric cars
Volkswagen has sealed its partnership with the American Tesla challenger Rivian. The first vehicles based on the new electric architecture should roll out as early as 2027, said CEO Oliver Blume at the start of the joint venture in Palo Alto, California. VW increased its investment in the project again: the Wolfsburg-based company wants to… Continue reading German FAZ: VW gets help from Tesla challenger 008148 with electric cars
German FAZ: Unofficial start of the election campaign? Scholz speech in the Bundestag008150
The most important thing for you on Wednesday: 1. Scholz declares himself in the Bundestag2. What happens next until the new elections3. Biden welcomes Trump to the White House4. How bleak are the prospects for the German economy?5. Bad news for the climate6. Round 2 in the fight between Trump and Fed7. What’s behind the… Continue reading German FAZ: Unofficial start of the election campaign? Scholz speech in the Bundestag008150
German FAZ: Ford introduces short-time work at the Cologne plant008149
The two new electric models Explorer and Capri are currently being built in the Cologne factory. “The significantly lower than expected demand for electric vehicles, especially in Germany, requires a temporary adjustment to the production volumes in the Cologne Electric Vehicle Center,” the “Stadt-Anzeiger” quoted the spokeswoman as saying. According to information from the newspaper,… Continue reading German FAZ: Ford introduces short-time work at the Cologne plant008149
German FAZ: 3.4 percent interest from Autobank008148
It was a rather short festival for savers who, just a few months ago, could look forward to high interest rates on daily and fixed-term deposits. Since the European Central Bank lowered key interest rates, the percentage points at the banks have also fallen back down. There are currently hardly any more than four percent,… Continue reading German FAZ: 3.4 percent interest from Autobank008148
German Manager Magazine: Doge Department: Musk and Ramaswamy want to save $2 trillion by 2026003736
Tech billionaire Elon Musk (53) is the biggest beneficiary of Donald Trump’s (78) election victory, but is given a helper for political work. Together with the former Republican presidential candidate and millionaire Vivek Ramaswamy (39), Musk is to take over the leadership of an advisory committee that is intended to improve the efficiency of government… Continue reading German Manager Magazine: Doge Department: Musk and Ramaswamy want to save $2 trillion by 2026003736
German Manager Magazine: Audi possibly facing a big Formula 1 deal with Qatar003737
Audi is for his appearance in the formula 1 apparently in conversation with a powerful financier. As various media reports, Qatar’s sovereign wealth fund would like to participate in the team. According to the “Bild” newspaper, a commitment of up to one billion euros is conceivable. But Audi would hardly give up the majority, writes… Continue reading German Manager Magazine: Audi possibly facing a big Formula 1 deal with Qatar003737
German Manager Magazine: Volkswagen: Oliver Blume initiates the end of the software subsidiary Cariad003736
Restore iTunes subscription manager+ is processed through your iTunes account and paid for upon confirmation of purchase. 24 hours before expiry, the subscription is automatically extended by one month at the current price of €24.99. You can cancel your subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazine: Volkswagen: Oliver Blume initiates the end of the software subsidiary Cariad003736
German Manager Magazine: Volkswagen Holding Porsche SE shares fall to four-year low003736
The holding company Porsche SE suffered a drop in profits of a good third between January and September with its core holdings in the weak German auto industry. However, she confirmed the annual targets for profit and net debt after meeting the earnings expectations with the largest participation Volkswagen had already evaporated twice this year.… Continue reading German Manager Magazine: Volkswagen Holding Porsche SE shares fall to four-year low003736