Monday, 06/11/2018 10:19 clock This Monday there will be a showdown in Berlin Dieter Zetsche and Andreas Scheuer , The CSU Federal Transport Minister calls for clarification from the Daimler chief in the scandal of manipulated diesel vehicles. According to SPIEGEL information, however, there seems to be a lack of insight and good will in… Continue reading Industry Association criticizes behavior of
car Manager
Tag: Strategy
Investors sell car values and Beiersdorf
S The high level of losses on automotive stocks and Beiersdorf shares pushed the German stock market down sharply on Thursday. The F.A.Z. Index, which is 100 times broader in the market, yields 0.92 percent to 2450 points. The default Dax index yielded 0.85 percent to 12,587 points. The prices also fell in New York.… Continue reading Investors sell car values and Beiersdorf
VW redistributes responsibility in the Group
V olkswagen CEO Herbert Diess will divide responsibility within the Group for the world regions in the future for his brands. In the future, one leading brand will take over group-wide control of a clearly defined world region, said Volkswagen on Friday in Wolfsburg. Decisions could be made more decentralized. “We’re giving the responsibility over… Continue reading VW redistributes responsibility in the Group
Every VW brand gets its own region
D In the future, the Volkswagen Group will divide responsibility for regions among its brands. “We distribute the responsibility on several shoulders,” said VW boss Herbert Diess on Friday. Decisions could thus be made more decentralized in the future, and the board of directors could concentrate on the overriding strategic issues. The aim is also… Continue reading Every VW brand gets its own region
Chief inspector can imagine Zetsche as successor
Who follows Manfred Bischoff as supervisory board chief executive at Daimler? The incumbent can imagine an internal solution and sees CEO Dieter Zetsche as a possible successor. Soeren Stache / dpa Manfred Bischoff (left) and Dieter Zetsche in March before the Annual General Meeting of Daimler AG in Berlin Monday, 17.04.2017 11:32 clock Daimler CEO… Continue reading Chief inspector can imagine Zetsche as successor
Geely entry makes investors uncertain
The entry of the Chinese Geely owner Li Shufu has caused uncertainty among Daimler shareholders. The government assesses the transaction more relaxed – with small restrictions. Getty Images Mercedes plant in Sindelfingen Monday, 26/02/2018 12:38 clock The uncertainty about the new major shareholder from China on Monday has the shareholders of Daimler vexed. The shares… Continue reading Geely entry makes investors uncertain
That’s it, Mr. Zetsche
Li Shufu, head of Chinese automaker Geely, joins Daimler as a major shareholder. Hostile takeover? In fact, the group from Stuttgart could be trimmed with it faster on electric mobility. Geely boss Li Shufu Saturday, 24.02.2018 13:24 clock For weeks it has begun, now it is official. Li Shufu, boss of the Chinese automaker Geely,… Continue reading That’s it, Mr. Zetsche
Daimler Group to be divided into three
The Daimler Board of Management has decided to take the first steps in a major redesign plan: In the future, the car company will consist of three independent divisions. The Stuttgart hopes that more clout against new rivals such as Tesla or Apple. Daimler headquarters in Stuttgart Monday, 16.10.2017 15:27 clock Daimler CEO Dieter Zetsche… Continue reading Daimler Group to be divided into three
Faurecia Announces New Toledo Facility, Creation of More Than 100 Jobs
TOLEDO, Ohio, July 12, 2018 /PRNewswire/ — Faurecia Interiors, a global manufacturer of automotive interior systems with North American headquarters based in Auburn Hills, Michigan, announced plans today to open a new production facility in Toledo, Ohio. The new facility will create more than 100 new jobs and officially begin production activity in April 2019,… Continue reading Faurecia Announces New Toledo Facility, Creation of More Than 100 Jobs
Faurecia Announces First-Half 2018 Results
AUBURN HILLS, Mich., July 20, 2018 /PRNewswire/ — in €m H1 2017* H1 2018 Change Sales 8,545.2 8,991.3 +10.9%** Operating income 582.7 647.2 +11.1% as % of sales 6.8% 7.2% +40bps Net income, Group share 310.4 342.0 +10.2% Net cash flow 210.5 247.0 +17.3% Net debt at the end of the period 413.8 465.2 +12.4%… Continue reading Faurecia Announces First-Half 2018 Results