Dear reader,
Chinese car brands are no longer smiled at in the automotive industry. The sales figures are increasing, respect is appropriate.
But you don’t have to overestimate them. Example Airways: Production stops, money is running out, a new investor is urgently needed. The brand has been offering cars in Germany since 2020. The attempt remains: In the current year, the Federal Motor Transport Authority registered just 24 new registrations.
Nio needs help too. Now a sovereign wealth fund from Abu Dhabi is jumping in $739.5 million a. And, in addition, Sheikh Muhammad bin Zayid Al Nahyan (62) wants to buy shares from major shareholder Tencent. This would bring Abu Dhabi to 7 percent.
Are the problems of the Chinese reason for the German manufacturers to take a deep breath? Rather not. This is also shown by our topics of the week:
Why the Audi board is broken
How Mercedes CFO Harald Wilhelm teases the truckers
Why, according to Ryanair boss Michael O’Leary, Germans have to swallow the highest air fares