Fiat Chrysler plant in Mirafiori In Italy, most of the automaker’s production facilities have long been closed. (Photo: Reuters) Milan / Hamburg Fiat Chrysler Shuts down production in most European plants for two weeks due to the corona virus epidemic. The Italian-American company announced on Monday that the Italian factories in Melfi, Pomigliano, Cassino, Mirafiori,… Continue reading Auto industry: Fiat Chrysler shuts down plants in Europe – Even VW under pressure
Category: German Press
Dispute at Volkswagen: VW boss Diess resists criticism of the works council
VW boss Herbert Diess The car manager does not find the works council’s criticism of the management board justified. (Photo: REUTERS) Düsseldorf A war of words has begun in Wolfsburg. A day after the VWWorks Council had publicly complained about massive problems with the start of production of the new Golf 8, reports VolkswagenCEO Herbert… Continue reading Dispute at Volkswagen: VW boss Diess resists criticism of the works council
Frank Weber succeeds: Klaus Fröhlich, head of BMW development, leaves
Tobias Hase / DPA Klaus Fröhlich, Chief Development Officer at BMW, will leave the company at the end of June The board restructuring at the Munich automotive group BMW continues. Development director Klaus Fröhlich will not renew his contract and will retire at the end of June, reports the manager magazin exclusively. Frank Weber is… Continue reading Frank Weber succeeds: Klaus Fröhlich, head of BMW development, leaves
Restructuring: MAN truck manufacturer plans to cut 6,000 jobs
picture alliance / dpa MAN wants to cut every 6th position The truck builder MAN wants to cut jobs massively. The “Handelsblatt” reported on Thursday, citing corporate groups, that 6000 of the 36,000 jobs across the company were at acute risk. The Executive Board informed the works council of this number at a consultation meeting.… Continue reading Restructuring: MAN truck manufacturer plans to cut 6,000 jobs
Auto industry: BMW development chief Fröhlich stops
BMW board member Klaus Fröhlich The experienced car manager leaves the BMW executive board. (Photo: dpa) Munich bei BMW There is another change in the board: Development chief Klaus Fröhlich leaves after his 60th birthday, the automaker announced on Thursday in Munich. The supervisory board appointed Frank Weber as successor. The 53-year-old engineer currently heads… Continue reading Auto industry: BMW development chief Fröhlich stops
CEO speaks of “strong team performance”: Bonus for 100,000 VW employees increases again
DPA VW employees in Wolfsburg production (archive): The bonus for the past financial year has increased by 4 percent, after 16 percent in the previous year The roughly 100,000 employees in collective bargaining will receive from Volkswagen for the past financial year Show stock market chart again a higher bonus. The premium is expected to… Continue reading CEO speaks of “strong team performance”: Bonus for 100,000 VW employees increases again
Study expects billions of dollars in CO2 penalties for car manufacturers: “Electric cars will continue to be a subsidy business for years to come”
REUTERS Electric car production at Volkswagen According to a study, ten car manufacturers face EU fines totaling 3.3 billion euros next year for high CO2 levels. Short-term measures such as discounts for their electrified or particularly economical cars could hardly compensate for this, explained the industry experts at the management consultancy Deloitte in Munich. The… Continue reading Study expects billions of dollars in CO2 penalties for car manufacturers: “Electric cars will continue to be a subsidy business for years to come”
Fiat presents electric version of the small car 500: This is how FCA starts the e-age with the Cinquecento
DPA The 3rd generation of the mini car Fiat 500 was presented in Milan – including the electric drive The Italians are daring. The FCA group took a local risk at the world premiere of the third generation of the Fiat 500. Because the Geneva Motor Show was canceled, the Italians unveiled the new incarnation… Continue reading Fiat presents electric version of the small car 500: This is how FCA starts the e-age with the Cinquecento
Auto parts supplier: Continental is slipping deeper into the crisis
Continental Düsseldorf The year 2019 was already for Continental extremely difficult. The bottom line was that the automotive supplier posted a net loss of EUR 1.2 billion. Now the coronavirus is exacerbating the situation: Expected in the first quarter the DaxCorporation with a slump in the Chinese passenger car market of more than 30 percent.… Continue reading Auto parts supplier: Continental is slipping deeper into the crisis
Suppliers: VW seat manufacturer Sitech closes plant with 450 jobs in Hanover
VW seat manufacturer Sitech Sitech belongs to the components division of the Volkswagen Group and supplies the group brands with seating technology. (Photo: Volkswagen AG) Düsseldorf plant closings in the German automotive industry are a rare exception. Most of the time companies and the powerful agree IG metal in the end a compromise that somehow… Continue reading Suppliers: VW seat manufacturer Sitech closes plant with 450 jobs in Hanover