Tag: auto parts supplier
Bosch is investing $1.5 billion in California
Bosch The automotive supplier is responding to the increasing demand for electric motors. (Photo: dpa) New York, Stuttgart, Dusseldorf Bosch wants to invest 1.5 billion dollars in a new chip…
The automotive supplier Brose complains of a lack of employee motivation
Michael Stoschek (archive picture from 2014) The family shareholders around Stoschek have therefore asked the management to simplify processes and “significantly streamline” the organization, they say. (Photo: dpa) Munich The…
Without a rescue plan, bankruptcy would have threatened
Leoni When the ailing auto supplier is rescued, the shareholders get nothing. (Photo: dpa) Munich For most Leoni shareholders, the rescue of the ailing auto parts supplier ended in a…
Stefan Wolf gives up his senior position at Elring-Klinger
Stuttgart Stefan Wolf is surprisingly resigning from his top job at the automotive supplier Elring-Klinger. The supervisory board agreed with the 61-year-old on Thursday that he would resign from office…
Rescue concept is in place – Supervisory Board Chairman Rinnerberger becomes CEO
Munich The ailing auto supplier Leoni has agreed on a restructuring concept with the banks. This means that the future of the wiring system specialist is secured for the time…
First woman in the Bosch leadership resigns early
Filiz Albrecht The 51-year-old is leaving the company after just over two years in office “for personal life and career planning reasons”. (Photo: Bosch) Stuttgart The head of human resources…
Austrian entrepreneur Pierer takes over automotive supplier
Leoni The major shareholder Pierer wants to become the sole owner. (Photo: dpa) Munich The Austrian entrepreneur Stefan Pierer wants to save the ailing car supplier Leoni and become its…
Austrian entrepreneur Pierer takes over automotive supplier
Leoni The major shareholder Pierer wants to become the sole owner. (Photo: dpa) Munich The Austrian entrepreneur Stefan Pierer wants to save the ailing car supplier Leoni and become its…
Austrian entrepreneur Pierer takes over automotive supplier
Leoni The major shareholder Pierer wants to become the sole owner. (Photo: dpa) Munich The Austrian entrepreneur Stefan Pierer wants to save the ailing car supplier Leoni and become its…
Volkswagen is stepping up insourcing and competing with powertrain suppliers for business
Dusseldorf, Stuttgart The announcement by the VW Group that it will build large parts of the electric drive train itself from 2025 is causing tension in the industry. Affected are…
Continental draws a positive balance – and lowers the dividend
Continental production in Frankfurt In the past year, the automotive supplier booked 3.3 billion euros in additional costs for energy, logistics and materials. (Photo: Bloomberg) Dusseldorf The automotive supplier Continental…
Cost increase put away – dividend falls
Continental production in Frankfurt In the past year, the automotive supplier booked 3.3 billion euros in additional costs for energy, logistics and materials. (Photo: Bloomberg) Dusseldorf The automotive supplier Continental…
German auto suppliers stuck in the China trap
Human rights violations, geopolitical difficulties and supply chain problems – the risks in doing business with China are increasing and companies are being forced to reconsider their involvement in China.…
Sale of airbag business could start in the second half of the year
ZF employee with crash test dummy The supplier wants to part with its business with occupant protection systems. (Photo: ZF) Frankfurt, Stuttgart Auto parts maker ZF has begun preparations to…
For Bosch, China is becoming the key market for electric cars
Stuttgart The Bosch technology group maintained its earning power in the past year despite a difficult environment. According to preliminary figures from Friday, the return on sales was just above…
Auto supplier Eberspächer is preparing to sell its exhaust division
Eberspaecher The automotive supplier’s Purem exhaust division is suffering from the trend towards e-mobility. (Photo: dpa) Stuttgart, Frankfort According to financial circles, the automotive supplier Eberspächer is preparing to sell…
So the Cariad boss wants to clear his construction sites
Las Vegas, Dusseldorf Officially, the line at Volkswagen is clear: Cariad remains, as CEO Oliver Blume recently said in an interview with the Handelsblatt. The carmaker’s software unit, launched in…
Higher costs in the industrial business are causing problems for the automotive supplier Continental
Continental The Hanoverians had warned early on that additional costs for energy, freight and material would run into the billions. (Photo: Reuters) Hanover The automotive supplier and tire manufacturer Continental…
Continental boss Nikolai Setzer is expanding cyber security
Continental The hackers infiltrated the auto parts supplier’s servers on July 1st. (Photo: Continental AG) Frankfurt, Dusseldorf After the cyber attack on Continental, the automotive supplier wants to further expand…
With digital boss Tanja Rückert, Bosch brings second woman to the top of the group
Tanya Ruckert The digital head of Bosch will move up to the management board of the group from January. (Photo: Bosch) Stuttgart The technology group Bosch is promoting digital boss…