Sometimes disruption happens very quickly. In China, the proportion of “new energy vehicles”, i.e. pure electric cars and plug-in hybrids, has shot up from six to 50 percent in just four years. Not just because electric cars are cheaper, run on cheaper electricity and are quicker to get. But also because the vehicles from BYD… Continue reading German FAZ: Disaster with announcement – for VW and Co.007636
Category: German Press
German FAZ: Operation Rescue the Industry007638
In politics it is like in fashion: everything comes back. This time it is the “transformation electricity price” that the SPD is bringing into play – as it did a year ago – in order to help the industry as a whole and in particular struggling companies such as Volkswagen and ThyssenKrupp. “With a transformation… Continue reading German FAZ: Operation Rescue the Industry007638
German FAZ: Northvolt wants to drastically reduce costs007637
The battery cell manufacturer Northvolt is responding to its problems ramping up production. As the Swedish start-up announced, management wants to cut staff and divest from locations. Founder and CEO Peter Carlsson was quoted as saying on Monday that “hard decisions” were necessary “to secure Northvolt’s business foundations.” All resources must now be concentrated on… Continue reading German FAZ: Northvolt wants to drastically reduce costs007637
German FAZ: Go Trabi Go!007636
The car should be exactly 3.595 meters long, have a wheelbase of 2.30 meters and offer space for at least four people. We’re talking about the Sachsenring Trabant. As the successor to the Trabant 1.1, the small car was supposed to come onto the market in 1993 at the latest and mobilize East Germans in… Continue reading German FAZ: Go Trabi Go!007636
German Manager Magazine: Northvolt: Savings program and uncertainty surrounding the large factory in Heide003552
The ailing Swedish battery manufacturer Northvolt is cutting costs and announcing job cuts. Among other things, the company announced on Monday that the production of cathode material at the site in Skelleftea in northern Sweden would be discontinued. It is still unclear how many jobs will be lost. A facility in Borlänge in central Sweden… Continue reading German Manager Magazine: Northvolt: Savings program and uncertainty surrounding the large factory in Heide003552
German Handelsblatt: IG Metall: VW crisis weighs on already difficult collective bargaining round009633
Collective bargaining for the metal and electrical industries usually follows a pattern. Warning strikes, night meetings and in the end a compromise. But the situation at Volkswagen is hardening the fronts. Go to Source
German Handelsblatt: Industrial dispute: No more cars should leave the factory: Audi employees in Brussels steal vehicle keys009632
The prospects for the Audi factory in Brussels are bleak. Now an unusual protest action by employees is causing trouble. The company threatens consequences. Go to Source
German Handelsblatt: Auto industry: “There is no point in sugarcoating the situation” – VW crisis also worries the EU Commission009629
Brussels has pushed electromobility politically. However, the switch to this should not endanger the competitiveness of European manufacturers, warns EU Commissioner Thierry Breton. Go to Source
German Handelsblatt: Car manufacturer: Seat and Volkswagen are said to be exchanging CFOs009628
Volkswagen has been massively tightening its austerity measures since last week. Now, according to a media report, another measure is to be taken – in the CFO. Go to Source
German Handelsblatt: Car manufacturer: Seat and Volkswagen are said to be exchanging CFOs009628
Volkswagen has been massively tightening its austerity measures since last week. Now, according to a media report, another measure is to be taken – in the CFO. Go to Source