As of 31 December 2019, the company counted 35,429 employees, 9.6 per cent more than at the end of the previous year. A significant driver of jobs is the Taycan, which celebrated its world premiere in September 2019. During the reporting year, Porsche took the high level of demand as its cue to hire a… Continue reading @VW Group: Porsche AG Group – Employees
Tag: Strategy
Bosch reacts to falling automotive demand: cutbacks in operations at German locations
About Bosch The Bosch Group is a leading global supplier of technology and services. It employs roughly 403,000 associates worldwide (as of December 31, 2019). According to preliminary figures, the company generated sales of 77.9 billion euros in 2019. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy… Continue reading Bosch reacts to falling automotive demand: cutbacks in operations at German locations
@VW Group: Porsche AG Group – Letter from the Executive Board
Dear Reader, The year 2019 marked the dawning of a new era for Porsche. At the start of September we unveiled the Taycan, our first fully electric sports car and the result of many years of strategic development work. We created around 2,000 new jobs for our sixth model and launched a comprehensive training offensive.… Continue reading @VW Group: Porsche AG Group – Letter from the Executive Board
Korean Air’s family feud opens door to activist challenge
SEOUL — Like the heads of many airlines, Korean Air Lines Chairman Cho Won-tae is fighting to keep his company afloat as the coronavirus and travel restrictions batter the aviation industry. Unlike most of his peers, Cho is doing this while trying to fend off a coup by his own sister. The family feud is… Continue reading Korean Air’s family feud opens door to activist challenge
VW subsidiary: Porsche applies for short-time work due to corona crisis
Production of the electric Porsche Taycan Undeterred by the crisis, the sports car manufacturer plans to invest a total of around 15 billion euros in electromobility and digitalization by 2024, thereby increasing the budget by five billion euros. (Photo: dpa) Stuttgart Porsche has short-time work for the production interruptions in Zuffenhausen and Leipzig applied for… Continue reading VW subsidiary: Porsche applies for short-time work due to corona crisis
VW subsidiary: Porsche is investing 15 billion euros in e-cars and digitalization
Porsche Despite the Corona crisis, the group is sticking to its return target. (Photo: dpa) Frankfurt The VWSubsidiary wants a total of around 15 billion euros in electromobility and digitalization invest. The money is said to flow into the development of new electric cars, such as variants of the Taycan and the battery-powered Macan for… Continue reading VW subsidiary: Porsche is investing 15 billion euros in e-cars and digitalization
@Mahindra: Tech Mahindra Recognized as a Leader in Engineering Research and Development Services in Zinnov Zones 2019
Positioned as a Leader in services like Design & Simulation, User experience, Platform and Quality Assurance engineering Categories New Delhi–March 19th, 2020: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, announced todaythat it has been recognized as a leader in the Zinnov Zones 2019 Engineering R&D (ER&D)… Continue reading @Mahindra: Tech Mahindra Recognized as a Leader in Engineering Research and Development Services in Zinnov Zones 2019
@VW Group: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness
Audi steered a steady course through a challenging 2019 financial year. The car manufacturer systematically reduced its WLTP inventories and achieved slightly higher deliveries for the Audi brand than in the previous year in a highly competitive environment. Revenue of €55.7 billion reflects the high demand for SUVs and top-end models. Operating profit and operating… Continue reading @VW Group: Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness
@Ford: Ford Takes Action to Address Effects of Coronavirus Pandemic; Company Offers New-Car Customers Six-Month Payment Relief
Ford Motor Company is taking a series of initiatives to further bolster the company’s cash position amid the coronavirus health crisis, maintain strategic flexibility on behalf of its team and customers. Go to Source
Autoliv Takes Measures to Mitigate the Potential Effects of the Corona Virus (COVID-19) Pandemic and Draws $500M From Credit
STOCKHOLM, March 19, 2020 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV) (SSE: ALIVsdb), the worldwide leader in vehicle safety systems, today announced that the coronavirus (COVID-19) outbreak will likely lead to a negative effect on the Company’s operations due to how the outbreak is affecting the automotive industry in general. The extent of such negative impact remains to… Continue reading Autoliv Takes Measures to Mitigate the Potential Effects of the Corona Virus (COVID-19) Pandemic and Draws $500M From Credit