FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt (Reuters) – Volkswagen AG (VOWG_p.DE) CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned. “Most of our… Continue reading Volkswagen CEO warns factory closures may drag on for weeks
Tag: Strategy
UPDATE 1-VW CEO warns factory closures may drag on for weeks
FILE PHOTO: Herbert Diess, Volkswagen’s new CEO, poses during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt (Reuters) – Volkswagen AG (VOWG_p.DE) CEO Herbert Diess on Saturday warned that the coronavirus crisis may force the company to keep its factories shut for longer than initially planned. “Most of our… Continue reading UPDATE 1-VW CEO warns factory closures may drag on for weeks
@VW Group: Porsche AG Group – Innovative Mobility
Economic stability Social and ecological sustainability does not run counter to corporate success but in fact contributes to this goal. Long-term economic success is likewise a fundamental requirement for effective sustainable operations. The company enjoys excellent profitability and has set itself the strategic target of a minimum operating return on sales of 15 per cent. Porsche… Continue reading @VW Group: Porsche AG Group – Innovative Mobility
@VW Group: Porsche AG Group – Procurement
Alongside multiple model start-ups, the production launch of the Taycan was a key challenge in the reporting year. After all, this first all-electric sports car from Porsche represented uncharted territory for the company in a number of respects. Procurement also explored a number of options for optimising value chains, intensifying its networking efforts with suppliers… Continue reading @VW Group: Porsche AG Group – Procurement
@VW Group: Porsche AG Group – Employees
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
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