German Manager Magazine: News about Continental, Brose, Volkswagen, Polestar and more in the newsletter “manage:mobility”003530

Dear reader,

If you missed the discussion about electric cars and e-fuels at “manage:mobility live”: As a subscriber you can watch the lively debate between Monika Griefahn and Axel Friedrich Watch “on demand” here 

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Automotive suppliers are not least suffering from the general e-uncertainty. Many have invested in electromobility, but now there are no requests from manufacturers. Several medium-sized companies have slipped into bankruptcy in recent weeks, and even the tankers in the industry are struggling. But it’s not just the electrical misery that plagues suppliers. Two of our exclusive topics of the week show how hard the scene is struggling:

Michael Stoschek (76) celebrated the wonderful month of May as a pensioner. A life for the auto supplier Brose – at 76 he wanted to at least take a shorter time. The patriarch left the chairmanship of the shareholders’ meeting to his son Maximilian (46), and the post of supervisory board chairman to Rolf Breidenbach (61). The latter was the shining light of the lighting specialist Hella for almost two decades, and he now sits on the control committees of ZF and Mahle. Sounds like a jackpot, but it only worked for around two months. Then Breidenbach left in the argument and Stoschek senior was back. With us you will find out why it came to this 

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Heads: Philipp von Hirschheydt ++ Michael Lohscheller ++ Vanessa Repp ++ Chrystia Freeland

Because of the waves of Chinese attacks on Europe’s auto industry, there is sometimes a danger of overlooking the remaining competition from Asia. They also have big goals there. For example at Hyundai: CEO Jaehoon Chang (60) presented the “Hyundai Way 

” before. If this goes according to plan, the Koreans will sell 5.55 million cars worldwide in 2030 – that would be 30 percent more than in 2023. 2 million of these will be electric cars, but Hyundai does not want to give up its approach of being open to technology. On the contrary: in the future, Chang and Co. also want to offer electric cars with range extenders. An integrated combustion engine charges the vehicle’s battery. Hyundai promises a range of up to 900 kilometers.

Deep Drive: stream or pool

In 2025, the EU will significantly tighten the CO₂ emissions targets for automobile manufacturers. Anyone who exceeds this limit has to pay a fine of 95 euros per registered car for every gram too much. According to one, there are good prospects of meeting the requirements Analysis by the data service provider Dataforce 

Manufacturers such as Geely, BMW and Toyota. Things are looking significantly worse for Volkswagen and Ford. They either have to massively increase their share of electric cars. If you can’t do that, you’re left with “pooling” again. Anyone who cannot comply with the requirements on their own can buy certificates from other manufacturers who have no problem with this. This has already brought many billions into the coffers of pure electric car manufacturers like Tesla.

Most Chinese car attackers find it difficult to find enough interested parties in Germany. The need is obviously great: Hongqi has been attracting test drivers for his in Frankfurt in the past few days Models EH7 and EHS7 

. Anyone who took part received 70 euros for 30 minutes of driving and a 15-minute feedback session. Why Hongqi drummed up for the campaign at the Goethe University, among others, remains a secret for the Chinese. The prerequisite for participation was a minimum age of 25 years and experience with electric cars. How many students probably meet such criteria? Young academics are usually only considered a target group a few years after their studies: Hongqi’s only car in Germany to date, the SUV E-HS9, starts at 80,000 euros.

Have a good week.

Yours, Christoph Seyerlein

Do you have any wishes, suggestions or information that we should take care of journalistically? You can reach my colleagues in the Mobility team and me at manage.mobility@manager-magazin.de 

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You can also find our newsletter “manage:mobility”. here on our website.

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