German FAZ: The Schaefflers’ script007797

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’ script007797

German FAZ: Equal pay lawsuit against Daimler Truck007796

Doesn’t the principle “equal pay for equal work” also apply to a large corporation like Daimler Truck? A high-ranking manager of the commercial vehicle manufacturer is fighting on Tuesday before the Baden-Württemberg State Labor Court (LAG) for the same pay as her male colleagues (ref. 2 Sa 14/24). The plaintiff has been employed by the… Continue reading German FAZ: Equal pay lawsuit against Daimler Truck007796

German FAZ: Car manufacturer Stellantis shocks the stock market007795

It’s not just Volkswagen that is suffering from the growing competitive pressure on the global car market. Stellantis, Europe’s second largest volume manufacturer with brands such as Peugeot, Opel and Fiat, also issued a warning shot on Monday and revised its financial targets downwards. Instead of at least ten percent, only a profit margin of… Continue reading German FAZ: Car manufacturer Stellantis shocks the stock market007795

German FAZ: Car manufacturer Stellantis shocks the stock market007795

It’s not just Volkswagen that is suffering from the growing competitive pressure on the global car market. Stellantis, Europe’s second largest volume manufacturer with brands such as Peugeot, Opel and Fiat, also issued a warning shot on Monday and revised its financial targets downwards. Instead of at least ten percent, only a profit margin of… Continue reading German FAZ: Car manufacturer Stellantis shocks the stock market007795