Lesjöfors is resilient despite turbulence in the world

Major world crisis affect us all in one way or another, this also applies to Lesjöfors’ operations for obvious reasons. Despite the pandemic and current state of war, we are still well equipped to continue our growth journey. Ola Tengroth, CEO of the Lesjöfors group, gives his view on the market situation. All-time high despite… Continue reading Lesjöfors is resilient despite turbulence in the world

German Manager Magazin: Russia: Renault with Avotovaz and Lada could be the first victim of expropriation001665

Well, yes. Only hours after Ukrainian President Volodymyr Zelenskyj (48) left the French carmaker Renault had accused indirectly Russia To finance the war against his country, the company decided to withdraw. The company announced late Wednesday evening that it would stop production in Russia. The Russian authorities are now examining what will happen to the… Continue reading German Manager Magazin: Russia: Renault with Avotovaz and Lada could be the first victim of expropriation001665

Economic sanctions against Russia: The carrier Gefco will no longer have Russian shareholders

In the midst of the war in Ukraine, its Russian majority shareholder had become embarrassing: the French carrier Gefco, historically established in Franche-Comté, is going to buy the 75% stake in Russian Railways (RZD), placed under international sanctions because of the conflict. . The 450 employees of Bourgogne Franche-Comté of Gefco had a presentiment of… Continue reading Economic sanctions against Russia: The carrier Gefco will no longer have Russian shareholders

German Manager Magazine: Ford: Short-time work in Cologne, Fiesta production rests001661

The car manufacturer is driving because of supply bottlenecks ford down its production. Short-time work had been requested for the coming week, and the Fiesta factory work was then suspended, a Ford spokeswoman said on Friday. She didn’t give any reasons. According to a report in the “Bild” newspaper, this is due to components that… Continue reading German Manager Magazine: Ford: Short-time work in Cologne, Fiesta production rests001661

Passenger car registrations are reduced by 30% in March

April 1, 2022 Posted by: Jorge Platero Categories: Featured press, Press releases Light commercial vehicle registrations fell 46.5% in the month compared to March 2021, to 9,635 units. Industrial vehicles, buses, coaches and microbuses increased slightly in March with 3% more, up to 2,245 units. In the accumulated figure for the year, sales of passenger… Continue reading Passenger car registrations are reduced by 30% in March

VW to give its green light for Audi, Porsche to enter F1 – sources, article with gallery

HAMBURG, March 31 (Reuters) – Audi and Porsche owner Volkswagen (VOWG_p.DE) is likely to give the green light for the two brands to make their entry into motor racing’s Formula One at a meeting next week, two sources familiar with the matter said on Thursday. “We will hopefully be able to communicate our intention to… Continue reading VW to give its green light for Audi, Porsche to enter F1 – sources, article with gallery

Bosch Rexroth on clear growth track

“We have had a successful year 2021 – thanks to strong team performance. Despite the pandemic and economic challenges, we have succeeded in increasing sales, reliably delivering to our customers, and further increasing their satisfaction. We have reached a new high on incoming orders. We are clearly on a growth track,” explains Rolf Najork, member… Continue reading Bosch Rexroth on clear growth track

German Manager Magazin: Largest car manufacturers in the world and how the market is changing001654

“Anyone who looks at the auto industry is looking at an industry that has gone through a chain of crises in recent years and is still going through it,” says Fabian Brandt (46), head of the global automotive business at the management consultancy Oliver Wyman. Shock news followed shock news. Fabian Brandt Enlarge image Photo:… Continue reading German Manager Magazin: Largest car manufacturers in the world and how the market is changing001654

Biden eyes boost to mining of minerals for electric vehicles

USA President Joe Biden WASHINGTON: Facing higher oil prices after Russia’s invasion of Ukraine, President Joe Biden is looking at invoking the Defense Production Act this week to increase the mining of critical minerals for the batteries used in electric vehicles. That’s according to a person familiar with the White House plans who insisted on… Continue reading Biden eyes boost to mining of minerals for electric vehicles

GRAMMER AG closes Financial Year 2021 with significantly higher revenue and earnings

▪11.2% increase in GRAMMER Group revenue to about EUR 1.9 billion, driven chiefly by the Commercial Vehicles Division (up 31.0%)▪ Operating EBIT improved from EUR -11.7 million to EUR 22.8 million▪ APAC enjoyed considerable growth (up 19.8%), AMERICAS region in need of restructuring▪ Business performance in H2 2021 affected by reduced and volatile customer call-offs… Continue reading GRAMMER AG closes Financial Year 2021 with significantly higher revenue and earnings