Category: German Press

German FAZ: Former VW managers fail with monetary claims in court007926

On Monday, around three dozen former Volkswagen Group executives failed in their attempt to sue for salary increases and the second part of an inflation compensation amounting to 1,000 euros before the Braunschweig labor court. The plaintiffs had referred to a promise from March 2023, according to which benefits from the collective agreement concluded recently… Continue reading German FAZ: Former VW managers fail with monetary claims in court007926

German FAZ: There is little sign of the car crisis 007925

There is also good news from the automotive world. While European automakers like Volkswagen and Stellantis are deep in crisis, the world’s third-largest carmaker, Hyundai Motor, began listing its India business on Monday. The South Korean company wants to raise around three billion dollars by issuing shares. That would value the business at $17 billion,… Continue reading German FAZ: There is little sign of the car crisis 007925

German FAZ: Investors would do well to diversify widely007924

There are fund managers who no longer give shares of German automobile manufacturers any space in their portfolios. Equipped with enviable engineering skills, German manufacturers dominated the sector for a long time. But it took a thought leader like Tesla boss Elon Musk to tackle the electrification of the industry sustainably and seriously. Although progress… Continue reading German FAZ: Investors would do well to diversify widely007924

German FAZ: Against the electric car frustration007926

Those who are said to be dead live longer, and this also applies to trade fairs. In October 2022, the Paris Motor Show, which traditionally alternates with the German IAA every two years, was only a shadow of its former self. Of the previously more than one million visitors, less than 400,000 remained. Apart from… Continue reading German FAZ: Against the electric car frustration007926

German FAZ: St. Brown’s throw into the history book 007925

After his coup, Amon-Ra St. Brown felt ready for more. “I’m the third quarterback,” the Detroit Lions football star said confidently, and the wide receiver had every reason to be. St. Brown was the first German to complete a touchdown pass in the NFL – on an unforgettable evening at Ford Field. In the Monday… Continue reading German FAZ: St. Brown’s throw into the history book 007925

German FAZ: The Schaefflers’ script007924

There is something to celebrate for Georg Schaeffler and Klaus Rosenfeld. In the time-honored trading floor of the Frankfurt Stock Exchange, the majority owner of the automotive supplier Schaeffler and his CEO will ring the heavy bell on the trading floor on Wednesday, including the obligatory photo of beaming managers in front of the bull… Continue reading German FAZ: The Schaefflers’ script007924

German Manager Magazine: Brose patriarch Michael Stoschek is looking for a strategic partner for automotive suppliers003655

Restore iTunes subscription manager+ is processed through your iTunes account and paid for upon purchase confirmation. 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, you… Continue reading German Manager Magazine: Brose patriarch Michael Stoschek is looking for a strategic partner for automotive suppliers003655

German Manager Magazine: Tesla receives first part of approval for factory expansion003655

The State Environment Agency has issued an initial environmental permit, as the Brandenburg Ministry of the Environment announced. “Among other things, another large hall is to be built to accommodate the additional production units.” In addition, changes and optimization of systems that have already been built are planned. No more forest needs to be cleared… Continue reading German Manager Magazine: Tesla receives first part of approval for factory expansion003655

German Manager Magazine: Volkswagen: Court rules against salary increase for ex-manager003655

The Braunschweig labor court has rejected 23 of 26 lawsuits filed by former VW managers against the car manufacturer’s new austerity measures. According to the court, the proceedings were about a salary increase and a 1,000 euro bonus that VW had canceled for its senior employees. In three cases, the decision will not be announced… Continue reading German Manager Magazine: Volkswagen: Court rules against salary increase for ex-manager003655