Manz said the insolvency was triggered by the decision of lenders not to provide any further funds. In recent weeks, the board has held intensive discussions with several capital providers and investors for new equity and debt capital. Regardless of the step that is now necessary, the board is continuing discussions with potential investors. In… Continue reading German FAZ: Mechanical engineering company Manz wants to file for bankruptcy008408
Category: German Press
German FAZ: Veganz secures old and new money008407
The story of the Veganz company has been told a lot. It is a pioneering achievement and has many personal ups and downs. The producer and major distributor of vegan products was founded by the former car manager Jan Bredack. He initially trained as a car mechanic, then had a promising career in the Daimler… Continue reading German FAZ: Veganz secures old and new money008407
German FAZ: State implements rescue of Meyer Werft before Christmas008409
The federal and state governments are investing 400 million euros in equity capital and are temporarily taking over around 80 percent of the traditional shipyard from Papenburg. In addition, the public sector is securing bank loans worth 2.6 billion euros with guarantees. The owner family Meyer will hold around 20 percent in the coming years… Continue reading German FAZ: State implements rescue of Meyer Werft before Christmas008409
German FAZ: Election programs without oomph008408
A good two months before the early federal election, the election campaign is gaining momentum. Just in time for the vote of confidence from Chancellor Olaf Scholz (SPD) in the Bundestag, the CDU/CSU, SPD and Greens have completed their election programs. Economic policy takes up a lot of space in each case. But leading economists… Continue reading German FAZ: Election programs without oomph008408
German FAZ: Court confirms expulsion of Messari-Becker008407
According to his own press release, Economics Minister Kaweh Mansoori (SPD) separated from the non-party building physics professor in July due to off-duty “misconduct” without publicly giving a specific reason for this. According to critics, he unfairly damaged their reputation. Messari-Becker had rejected the allegations and defended himself legally. The expulsion made waves in state… Continue reading German FAZ: Court confirms expulsion of Messari-Becker008407
German FAZ: Bonvivant am Volant008407
The car and the city are a complicated, long-term relationship. In the last century, metropolises tried to devote themselves entirely to planning and building cars in a car-friendly way. Almost at the same time, the idea of a city-friendly car that fits into the cramped conditions and therefore takes up little space was born. Anyone… Continue reading German FAZ: Bonvivant am Volant008407
German FAZ: A second car giant could emerge in Japan008409
Japan could soon become the world’s third-largest car company, with eight million vehicles sold, close to Volkswagen’s 9.2 million. As Japanese media report, Honda and Nissan want to talk about a possible merger in view of the tough global competition in electric vehicles. The creation of a holding company under which the two car companies… Continue reading German FAZ: A second car giant could emerge in Japan008409
German FAZ: What threatens the auto industry with punitive tariffs against Mexico008408
The closer the election date in the USA gets, the more drastic the threats from Republican presidential candidate Donald Trump become: first he threatened a hundred, then 200 percent punitive tariff on vehicles produced in Mexico for the US market. The target group of his statements are voters in the so-called Rust Belt, the oldest… Continue reading German FAZ: What threatens the auto industry with punitive tariffs against Mexico008408
German FAZ: The Japanese Menetekel008407
The year 2026 will be a very special year for European consumers. For the first time in more than fifty years, they will be able to buy cars from Japan without being hit with an import tariff. For decades, Japanese imported vehicles were more expensive than necessary in this country because the European Union wanted… Continue reading German FAZ: The Japanese Menetekel008407
German FAZ: Hard struggle for VW – cuts in Wolfsburg and Zwickau?008407
Since Monday morning, representatives of the Volkswagen Group and IG Metall have been negotiating the controversial savings plan for Europe’s largest car manufacturer in a conference hotel in the northeast of Hanover. They have already sat together for around 50 hours, and on the night from Wednesday to Thursday alone, they wrestled until four in… Continue reading German FAZ: Hard struggle for VW – cuts in Wolfsburg and Zwickau?008407