Over-the-air updates, AI assistants, autonomous driving or sophisticated infotainment: digital functions are now more important as a selling point for cars than horsepower and brand image. In the new comparison of digital performance, behind the series winner Tesla it is mainly Chinese manufacturers such as Xpeng and BYD as well as the American providers Rivian… Continue reading German FAZ: Volkswagen and General Motors continue to fall behind in competition007782
Category: German Press
German FAZ: Volkswagen Group cuts forecast again007784
The ailing Volkswagen Group is coming under increasing pressure. CEO Oliver Blume has to cut his profit prospects again because the company won’t sell as many cars this year as once hoped. According to the information, things are going worse than expected, especially for the already very strained core brand VW Passenger Cars, but VWN’s… Continue reading German FAZ: Volkswagen Group cuts forecast again007784
German FAZ: The strange Dax record 007783
Sometimes the stock markets are difficult to understand. One piece of negative economic news follows the next and growth expectations collapse. Germany is slipping into recession and is at the bottom of Europe, companies are laying off employees. And the Dax? Germany’s most important stock index does not collapse, but rises to the next record… Continue reading German FAZ: The strange Dax record 007783
German FAZ: “The Greens’ policies are not good for Germany”007782
Markus Söder in an interview: “The politics of the Greens is not good for Germany” September 27th, 2024, 1:56 p.m. Reading time: 7 minutes. The CSU chairman Söder about his relationship with Friedrich Merz, the categorical no to black-green, the stomach ache when A look at the Sahra Wagenknecht alliance – and why he did… Continue reading German FAZ: “The Greens’ policies are not good for Germany”007782
German Manager Magazine: Elon Musk: Tesla boss’s organization campaigns for Donald Trump in key states003600
The election campaign of US presidential candidate Donald Trump (78) has now mainly been outsourced in the crucial states to the political action committee “America Pac”, which is run by Tesla-Boss Elon Musk (53) is financed. This is what research by the British “Guardians” result. The group wants to mobilize Trump supporters in rural areas… Continue reading German Manager Magazine: Elon Musk: Tesla boss’s organization campaigns for Donald Trump in key states003600
German Manager Magazine: Volkswagen: Second profit warning within a few months003600
The ailing car manufacturer Volkswagen is lowering its earnings forecast for the second time in just a few months. The company primed investors Friday for declining sales and lower returns. Volkswagen referred to a challenging market environment. In addition, business at the core Volkswagen brand, at the commercial vehicle division and at the in-house production… Continue reading German Manager Magazine: Volkswagen: Second profit warning within a few months003600
German Handelsblatt: Sales crisis: Volkswagen again meets the forecast – sales, sales, returns: everything is shrinking009774
The car manufacturer has published another profit warning for the current financial year. The forecasts for sales as well as earnings and returns are being revised significantly downwards. Go to Source
German Handelsblatt: VW Group: Audi boss is rebuilding technical development based on Porsche’s model009773
Gernot Döllner will introduce the so-called series principle in the Audi development area at the beginning of next year. The series managers are given more responsibility and 8,000 employees are being reorganized. Go to Source
German Handelsblatt: Electric cars: crisis worsens – car supplier ZF concedes the annual forecast 009772
The heavily indebted foundation group expects lower sales, lower returns and a drastic collapse in cash flow. The supplier could be downgraded by rating agencies. Go to Source
German Handelsblatt: VW Group: Audi boss is rebuilding technical development based on Porsche’s model009772
Gernot Döllner will introduce the so-called series principle in the Audi development area at the beginning of next year. The series managers are given more responsibility and 8,000 employees are being reorganized. Go to Source