The car maker Volkswagen want despite the Corona virus-Pandemic still make an operating profit with the VW brand this year. “We continue to be financially robust and are aiming for a positive operating result for the year as a whole,” said Brand Finance Director Alexander Seitz (58) on Friday. “We are ready to push ourselves… Continue reading German Manager Magazin: “We are ready to push our limits” 000001
Tag: VW
German Manager Magazin: Car manufacturers give more discounts – highest discounts on electric cars000003
On the German Car market prices drop for end users. According to the regular discount study conducted by the Duisburg CAR Institute, dealers and manufacturers tweaked all available screws for discounts in July. The lower VAT had a particular impact on the internet offer prices of 30 popular models, which were on average 22.5 percent… Continue reading German Manager Magazin: Car manufacturers give more discounts – highest discounts on electric cars000003
German Manager Magazin: Audi AG: Markus Duesmann000002’s comeback plan
The long shutdown of auto factories and car dealers and the slump in customer demand haveAudilet it slide deep into the red. The VW subsidiary sold 22 percent fewer cars worldwide in the first half of the year, sales fell 29 percent to only 20.5 billion euros and the operating loss was 750 million euros.… Continue reading German Manager Magazin: Audi AG: Markus Duesmann000002’s comeback plan
German Manager Magazin: MAN rips VW subsidiary Traton into the red 0000 001
The Volkswagen commercial vehicle holding company Traton cannot rule out a loss for the full year due to customers’ reluctance to buy. It is new Traton boss Matthias Gründler (54) is confident of a certain recovery in the second half of the year. “As our business has slowly stabilized after the sharp slump in April,… Continue reading German Manager Magazin: MAN rips VW subsidiary Traton into the red 0000 001
German Manager Magazin: Automobile industry Quarterly figures: How well (or badly) automakers are coping with the corona crisis000003
For weeks, car factories stood still, car dealerships were orphaned, traffic offices closed: The Coronavirus pandemicSo much has been clear since the lockdowns in Europe and the USA would hit the automotive industry hard. Now a number of major automakers have released their second quarter figures, which ran from early April to late June. Now… Continue reading German Manager Magazin: Automobile industry Quarterly figures: How well (or badly) automakers are coping with the corona crisis000003
German Manager Magazin: Northvolt Secures $ 1.6 Billion for Battery Factory000001
The Swedish Battery producer Northvolthas secured loans totaling $ 1.6 billion for the massive expansion of its production. The company announced on Wednesday in Stockholm. Donors include other banks, pension funds and financial institutions, including the European Investment Bank (EIB), which provides $ 350 million. This enables the company, which as a partner as from… Continue reading German Manager Magazin: Northvolt Secures $ 1.6 Billion for Battery Factory000001
Apollo Tyres to manufacture high-performance Vredestein car radials in India
India’s Apollo Tyres, which has widespread operations spanning five manufacturing facilities in India and two overseas in Hungary and Netherlands, has revealed that it is set to commence local manufacturing of the ‘Vredestein’ brand of tyres in the country. In 2009, Apollo had acquired Netherlands-based Vredestein, which is one of the oldest tyre manufacturing companies… Continue reading Apollo Tyres to manufacture high-performance Vredestein car radials in India
VW group CEO says management reshuffle will continue – Automotive News Europe
August 01, 2020 12:02 PM Reuters Reuters Volkswagen Group CEO Herbert Diess at the automaker’s plant in Wolfsburg, Germany, in late April, as production restarted. FRANKFURT – Volkswagen Group is not done reshuffling its management, CEO Herbert Diess told a German newspaper in an interview. “We are 80 percent done with our personnel decisions. Some outstanding decisions… Continue reading VW group CEO says management reshuffle will continue – Automotive News Europe
SEAT, Iberdrola And VW Join Forces To Boost E-Mobility In Spain
SEAT, Iberdrola and Volkswagen Group España Distribución join forces to boost electric mobility in Spain They agree on the need for joint work between the main agents and on the opportunity to configure an ecosystem that enables our country to spearhead this area in Europe Signing of a strategic agreement to promote the creation of… Continue reading SEAT, Iberdrola And VW Join Forces To Boost E-Mobility In Spain
BMW Group’s Position In The Plug-In EV Market: June 2020
BMW Group (BMW and MINI brands), as in previous months, released an interesting set of global electromobility sales charts to show its market position within competition. The plug-in car registration data (BEV/PHEV) for the first half of 2020 comes from IHS Markit and concerns only passenger cars. * As usual, the purpose of the presentation… Continue reading BMW Group’s Position In The Plug-In EV Market: June 2020