Tag: auto parts supplier
Conti significantly lowers profit forecast for 2022
Nikolai Setzer, CEO of Continental AG Conti had already prepared investors for a bad result in March. (Photo: dpa) Dusseldorf The automotive supplier Continental is downgrading its profit forecast in…
Continental resumes production in Russia
Continental tires The German supplier is producing again in Russia out of concern for its employees. (Photo: Reuters) Hanover The automotive supplier and tire manufacturer Continental has restarted production in…
Bosch acquires Five and accelerates software development
Stuttgart The race for the self-driving car is the most exciting future question in the automotive industry. Only those who are ahead here will make the leap into the digitization…
Auto industry: Gas embargo would mean cuts
car industry Employee representatives expect production cuts if Russian gas deliveries fail to materialize. (Photo: dpa) Dusseldorf Employee representatives in the German automotive industry are concerned about the gas supply…
Bosch, Continental, ZF: Automotive suppliers are fighting for future business
Stuttgart, Munich, Dusseldorf In the future business of automated driving, German automotive suppliers are at risk of losing important parts of the development. For decades, Bosch, Continental and ZF were…
Boss Wolf-Henning Scheider does not extend contract
Wolf Henning Scheider The boss of the auto supplier ZF does not extend his contract. (Photo: picture alliance/dpa) Stuttgart ZF boss Wolf-Henning Scheider has rejected an offer to extend the…
What is left of the auto supplier?
Dusseldorf Wolfgang Reitzle wants to get everything out of Continental. The head of the supervisory board of the Dax group is aiming for a higher stock market rating and more…
Kamaz: The Russia problem of Mercedes-Benz
Russian military vehicle by Kamaz The Stuttgart car manufacturer Mercedes-Benz holds 15 percent of the shares in the Russian group. (Photo: imago images/ITAR-TASS) Munich, Stuttgart, Berlin Neither mines, booby traps…
Kamaz: The Russia problem of Mercedes-Benz
Russian military vehicle by Kamaz The Stuttgart car manufacturer Mercedes-Benz holds 15 percent of the shares in the Russian group. (Photo: imago images/ITAR-TASS) Munich, Stuttgart, Berlin Neither mines, booby traps…
Auto supplier Allgaier before sale to a Chinese investor
Dieter Hundt The former Employers’ President, here in 2013, has always maintained good contacts with China. (Photo: Marc-Steffen Unger for Handelsblatt) Stuttgart, Berlin Former employer president Dieter Hundt is about…
Auto supplier Allgaier before sale to a Chinese investor
Dieter Hundt The former Employers’ President, here in 2013, has always maintained good contacts with China. (Photo: Marc-Steffen Unger for Handelsblatt) Stuttgart, Berlin Former employer president Dieter Hundt is about…
Magnesium & aluminum are becoming scarce
Wolfgang Kirchhoff (centre) with his brothers Johannes (left) and Arndt With more than 12,200 employees in 55 plants, the entire Kirchhoff Group currently has a turnover of almost 2.2 billion…
Deutz leadership stumbles over women’s quota
Bernd Bohr The Deutz supervisory board chairman lacks tact. (Photo: Bernd Bohr) Stuttgart Bernd Bohr is a highly respected automotive engineer in the industry: clear, determined, knowledgeable. Up until ten…
Stefan Hartung only dares to make a cautious forecast for 2022
Stuttgart The new Bosch boss Stefan Hartung is not exactly considered a pessimist. At his first public appearance after almost 40 days in office, he remained true to his nature:…
Hella boss Rolf Breidenbach hands over management
Rolf Breidenbach Breidenbach and the shareholders’ committee have agreed to terminate the current management contract. Shortly before, the group was taken over by the supplier Faurecia. (Photo: Hella) Dusseldorf Hella…
The US government expects the chip crisis to last until the end of 2022
Joe Biden on site visit in Ohio The US government does not expect the chip crisis to ease quickly, despite expansion plans. (Photo: AP) new York The US government under…
Auto parts supplier takes over robotics company Melior Motion
Munich The rolling bearing specialist Schaeffler has big plans in robotics. The Herzogenaurach group announced the takeover of Melior Motion GmbH on Monday. “We have identified robotics as a global…
That’s how difficult the turning point is for small car suppliers
Dusseldorf Klaus-Dieter Frers gives everything to save his life’s work. The automotive supplier Paragon, which he founded 34 years ago in Delbrück, has its back to the wall financially. At…