German Manager Magazin: Brose: Auto supplier writes three -digit million loss004199

In a decline in sales by almost 3 percent to 7.7 billion euros, Brose made 142 million euros in loss, as the Unlermen announced in Coburg on Wednesday. A positive result will be sought after a short amount of 14 million euros for the current year. However, Brose does not expect growth in the core… Continue reading German Manager Magazin: Brose: Auto supplier writes three -digit million loss004199

German Manager Magazin: Porsche pays ex-CFO Meschke more than 11.6 million Euro004200

The premature financial chief of the sports car manufacturer Porsche, Lutz Meschke (59), according to the company, receives a severance payment of 11.6 million euros. This sum called Supervisory Board head Wolfgang Porsche (82) on Wednesday at the Virtual Annual General Meeting of the DAX Group when asked by shareholders. In addition, the car manufacturer… Continue reading German Manager Magazin: Porsche pays ex-CFO Meschke more than 11.6 million Euro004200

German Manager Magazin: Volkswagen: Change of management at VW Commercial Vehicles004199

The Volkswagen-Mark VW Commercial Vehicles gets a new CEO. On July 1st, Stefan Mecha takes over the post and thus replaces Carsten Intra (53), who leaves the company “as part of an old -age regulation for personal reasons”. Mecha is considered an experienced VW manager, currently he is an executive CEO for the Volkswagen car… Continue reading German Manager Magazin: Volkswagen: Change of management at VW Commercial Vehicles004199