Category: German Press

German FAZ: What is the situation with Google right now, Mr. Justus?008056

Things are going very well for Google in Germany. We were pleased to have had our CEO Sundar Pichai visit us twice in the past 18 months. He was here last year when we announced our support for the women’s national football team. Pichai is a big football fan, so of course he was in… Continue reading German FAZ: What is the situation with Google right now, Mr. Justus?008056

German FAZ: Former Daimler boss Edzard Reuter is dead008055

If Edzard Reuter had his way, today’s car manufacturer Mercedes-Benz would be a completely different company. But it didn’t go his way. Reuters’ vision remained a vision. He was always convinced that it was the right path – until his death. On October 27th, Edzard Reuter, Daimler CEO from 1987 to 1995, died at the age of 96… Continue reading German FAZ: Former Daimler boss Edzard Reuter is dead008055

German FAZ: Tesla hui, Mercedes pfui008054

Tesla on the rise, Mercedes under pressure: This is an example of how much the balance of power in the auto industry has shifted. While Mercedes has lost its relevance, especially on the Chinese market, Tesla is considered a pioneer in electric cars despite company boss Elon Musk’s escapades. German manufacturers are almost hopelessly behind… Continue reading German FAZ: Tesla hui, Mercedes pfui008054

German FAZ: “Politicians should withdraw from VW”008056

All German car manufacturers are navigating towards crisis, but nowhere does it look as bleak as at VW in Wolfsburg. Three plants in Germany and tens of thousands of jobs are up for grabs, and profits fell by two thirds in the third quarter. The extent of the crisis is not the only thing that… Continue reading German FAZ: “Politicians should withdraw from VW”008056

German FAZ: VW faces painful decisions008055

As a rule, Arno Antlitz adopts a sober tone. The CFO of the Volkswagen Group is, by virtue of his position, a numbers man who limits himself to facts rather than using rhetoric. But in the current crisis, the 54-year-old top manager is clearly trying to shake up the company. We are facing “significant and… Continue reading German FAZ: VW faces painful decisions008055

German FAZ: Why Stephan Weil’s legacy is in danger008054

At least since the works council announced on Monday that Volkswagen was threatened with the closure of at least three plants and, instead of the desired wage increase, a wage cut of 18 percent, fear has been spreading at the VW locations. The Lower Saxony state government not only reacted to this news in a… Continue reading German FAZ: Why Stephan Weil’s legacy is in danger008054

German Manager Magazine: Northvolt: Battery manufacturer stops payments to joint venture “Novo Energy” with Volvo003691

Money is running out: the battery manufacturer Northvolt has stopped payments to joint venture partner Volvo. The board decided to finance its own battery operations in Sweden, Germany and Canada Northvolt announced on Wednesday that priority should be given. Meanwhile, Volvo Cars announced that it would acquire Northvolt’s JV shares in Novo Energy. Northvolt did… Continue reading German Manager Magazine: Northvolt: Battery manufacturer stops payments to joint venture “Novo Energy” with Volvo003691

German Manager Magazine: BYD overtakes Tesla in sales003691

Supported by government purchase bonuses in the People’s Republic is growing BYD continues rapidly. The Chinese electric car maker announced quarterly sales on Wednesday that for the first time exceeded those of Tesla exceeded. However, the US group still leads the global sales figures for electric cars because BYD also offers hybrid models. BYD increased… Continue reading German Manager Magazine: BYD overtakes Tesla in sales003691

German Manager Magazine: Daimler Truck: Vehicle manufacturer surprisingly writes off claims in China from003691

The commercial vehicle manufacturer Daimler trucks due to the ongoing review of his business China write off part of the receivables. The negative value adjustment amounts to 180 million euros, as in the Dax listed company the new boss Karin Rådström  (45) surprisingly announced on Tuesday evening in Leinfelden-Echterdingen. This is a one-off, extraordinary and… Continue reading German Manager Magazine: Daimler Truck: Vehicle manufacturer surprisingly writes off claims in China from003691