Category: German Press

German FAZ: Which electric cars Ford wants to rely on now010352

Ford is significantly scaling back its ambitions in the electric car business. The American car manufacturer has now announced a radical change in strategy and will record a huge special expense of $19.5 billion in this context. A large part of this is due to depreciation in its electric car division. Amid weakening demand, the… Continue reading German FAZ: Which electric cars Ford wants to rely on now010352

German FAZ: Ford writes off $19.5 billion and realigns electric car production010351

Ford is making a U-turn in its electric car strategy, writing off $19.5 billion and discontinuing several electric models. “Instead of spending billions more on big electric cars that no longer have a path to profitability, we’re investing that money in areas with higher returns,” said Andrew Frick, head of Ford’s combustion engine and electric… Continue reading German FAZ: Ford writes off $19.5 billion and realigns electric car production010351

German Manager Magazine: Combustion engine ban: Moving away from the combustion engine ban for vehicles from 2035004600

Now it’s official: The absolute end to combustion cars planned in the EU from 2035 is off the table. The EU Commission adjusted its emissions guidelines for the automotive industry on Tuesday. According to the new regulations, CO₂ fleet emissions only have to fall by 90 percent from 2035 instead of 100 percent. This means… Continue reading German Manager Magazine: Combustion engine ban: Moving away from the combustion engine ban for vehicles from 2035004600

German Manager Magazine: BMW: Preference shares should be converted into common shares004600

BMW wants to say goodbye to its non-voting preference shares and aims to convert them into voting ordinary shares. The board of directors would like to present a corresponding proposal to the general meeting on May 13, 2026, the company announced on Tuesday. The aim is to improve the transparency and tradability of BMW shares… Continue reading German Manager Magazine: BMW: Preference shares should be converted into common shares004600

German Manager Magazine: Ford: Group completes 180-degree turnaround and writes off $19.5 billion004598

ford is making a U-turn in its electric car strategy, writing off $19.5 billion and discontinuing several electric models. The US car manufacturer announced this on Monday. Investors reacted calmly to the radical shift in strategy: the company’s shares were recently slightly higher. The write-downs of almost $20 billion are among the largest write-downs ever… Continue reading German Manager Magazine: Ford: Group completes 180-degree turnaround and writes off $19.5 billion004598

German Manager Magazine: Ford: Traditional US company cancels electric models and writes off billions of dollars004597

ford is making a U-turn in its electric car strategy, writing off $19.5 billion and discontinuing several electric models. “Instead of spending billions more on big electric cars that no longer have a path to profitability, we’re investing that money in areas with higher returns,” said Andrew Frick, head of Ford’s combustion engine and electric… Continue reading German Manager Magazine: Ford: Traditional US company cancels electric models and writes off billions of dollars004597

German Manager Magazine: Car equipment: Smart parking, seat heating, etc. could soon only be available via subscription004597

Shaking hands, handing over the keys, the customer drives out of the yard in his new car – and was never seen again. This scenario is the old normal for car manufacturers: one-off sale, then radio silence until the next TÜV inspection. Enlarge image “One of the most important growth areas in the automotive industry”:… Continue reading German Manager Magazine: Car equipment: Smart parking, seat heating, etc. could soon only be available via subscription004597