The automotive supplier wants to sell parts of the ContiTech division from the beginning of 2025 and focus more on industrial customers. The car business is expected to go public by the end of 2025. Go to Source
Category: German Press
German Handelsblatt: Automotive supplier: Continental starts selling ContiTech unit at the beginning of 2025010329
The automotive supplier wants to sell parts of the ContiTech division from the beginning of 2025 and focus more on industrial customers. The car business is expected to go public by the end of 2025. Go to Source
German Manager Magazine: Volkswagen: There is still no agreement in collective bargaining negotiations between VW and IG Metall003844
The collective bargaining conflict at Europe’s largest car manufacturer Volkswagen becomes a trembling game. According to IG Metall, both sides of the collective bargaining round at Volkswagen that has been going on for days are “on a constructive path” – but at the same time there is still “disagreement” on key issues. The union announced… Continue reading German Manager Magazine: Volkswagen: There is still no agreement in collective bargaining negotiations between VW and IG Metall003844
German Handelsblatt: Tariff dispute: VW and IG Metall are heading for a compromise – agreement possible by the evening010328
There is progress in the marathon negotiations in Hanover. Essential points should be clarified. However, there is still a rift in the board on a crucial issue. Go to Source
German Handelsblatt: Tariff dispute: VW and IG Metall are heading for a compromise – agreement possible by the evening010327
There is progress in the marathon negotiations in Hanover. Essential points should be clarified. However, there is still a rift in the board on a crucial issue. Go to Source
German Handelsblatt: Car manufacturer: Mercedes CEO fills three more top jobs with confidants010326
As a result of the board restructuring, the car manufacturer is also making changes to key positions below the top management level. CEO Ola Källenius installs loyal forces. Go to Source
German Handelsblatt: Volkswagen: VW managers are demanding millions in damages from the car manufacturer010325
The plaintiffs feel pressured and disadvantaged after they reported alleged grievances internally. Volkswagen rejected the allegations. Go to Source
German FAZ: Mechanical engineering company Manz wants to file for bankruptcy008408
Manz said the insolvency was triggered by the decision of lenders not to provide any further funds. In recent weeks, the board has held intensive discussions with several capital providers and investors for new equity and debt capital. Regardless of the step that is now necessary, the board is continuing discussions with potential investors. In… Continue reading German FAZ: Mechanical engineering company Manz wants to file for bankruptcy008408
German FAZ: Veganz secures old and new money008407
The story of the Veganz company has been told a lot. It is a pioneering achievement and has many personal ups and downs. The producer and major distributor of vegan products was founded by the former car manager Jan Bredack. He initially trained as a car mechanic, then had a promising career in the Daimler… Continue reading German FAZ: Veganz secures old and new money008407
German FAZ: State implements rescue of Meyer Werft before Christmas008409
The federal and state governments are investing 400 million euros in equity capital and are temporarily taking over around 80 percent of the traditional shipyard from Papenburg. In addition, the public sector is securing bank loans worth 2.6 billion euros with guarantees. The owner family Meyer will hold around 20 percent in the coming years… Continue reading German FAZ: State implements rescue of Meyer Werft before Christmas008409