Not all investors like the fact that the head of VW is also the head of the Porsche subsidiary. Oliver Blume doesn’t want to keep the dual role permanently. Go to Source
Category: German Press
German Handelsblatt: Car manufacturer: VW boss Blume: Dual role “is not designed to last forever”011609
Not all investors like the fact that the head of VW is also the head of the Porsche subsidiary. Oliver Blume doesn’t want to keep the dual role permanently. Go to Source
German Handelsblatt: Auto industry: Opel parent Stellantis invests 13 billion dollars in the USA011608
The company wants to bring five new models onto the market and create 5,000 new jobs in America. The measures are intended to get Stellantis’ most important market back on track. Go to Source
German Handelsblatt: Volkswagen Group: VW boss Blume: Making good progress in saving 011607
Cost pressure, competition and the e-car slump: Volkswagen is facing upheaval. Why CEO Blume still sees opportunities – and why his dual role as Porsche boss doesn’t last forever. Go to Source
German FAZ: Saxony is trembling about the future of its Volkswagen factories010090
At the Volkswagen plant in Zwickau, the fear among the workforce is almost palpable. “The lighthouse of electromobility is running out,” says a poster that is displayed in one of the assembly halls – clearly visible to the state and federal politicians who visited the plant on Monday. Zwickau was once the showcase factory for… Continue reading German FAZ: Saxony is trembling about the future of its Volkswagen factories010090
German Manager Magazine: Stock market: Dax loses, Continental with price slide, quarterly reports from US banks depress Wall Street004482
The newly ignited confrontation in the trade conflict between the USA and China shook the German stock market again on Tuesday. After the most important indices had recovered at the beginning of the week, they now had to accept significant losses again. The leading index, the Dax, closed 0.6 percent lower at 24,236 points after… Continue reading German Manager Magazine: Stock market: Dax loses, Continental with price slide, quarterly reports from US banks depress Wall Street004482
German Manager Magazine: Webasto: Automotive supplier cuts another 300 jobs004482
The stricken one Auto supplier Webasto wants to cut 300 more jobs by the end of the year – mainly management positions in administration. This primarily affects the company headquarters in Stockdorf, just outside Munich, and the neighboring location in Gilching, as the company announced. The job cuts should therefore be carried out in as… Continue reading German Manager Magazine: Webasto: Automotive supplier cuts another 300 jobs004482
German Manager Magazine: Audi: The only woman on the car manufacturer’s board has to go (copy)004482
The car manufacturer Audi separates from the only woman on the seven-member board. The manager responsible for procurement, Renate Vachenauer (55), will leave the VW subsidiary, which is suffering from poor business, on Wednesday. The supervisory board decided this, as the company announced. The departure will therefore take place “in the best possible mutual agreement”.… Continue reading German Manager Magazine: Audi: The only woman on the car manufacturer’s board has to go (copy)004482
German Handelsblatt: Kia PV5: It doesn’t always have to be a VW bus011606
With the PV5, the Korean manufacturer is entering the market for minibuses and vans. It not only impresses with its cool look, but is also cheaper than the VW ID.Buzz. Go to Source
German Handelsblatt: Auto industry: Audi separates from the only woman on the board011605
There have been repeated early changes on the Audi board for several years. Now the next exit follows. Go to Source