Tag: Automotive industry
From 2035 only CO2-free new cars
car The EU Parliament approved the new CO2 targets. (Photo: dpa) Strasbourg From 2035, no new cars with combustion engines will be registered in the EU. The EU Parliament approved…
Ford is cutting 3,800 jobs – the Cologne location is particularly affected
Ford plant in Cologne The US car company wants to cut around 2,300 jobs in Germany by 2026. Vehicle development in Cologne is hardest hit. (Photo: dpa) Dusseldorf Ford Europe…
BMW heiress Susanne Klatten leaves SGL Carbon board of directors
Suzanne Klatten She is considered the richest woman in Germany. Munich BMW major shareholder Susanne Klatten resigns as head of the supervisory board of the graphite specialist SGL Carbon in…
Ford Europe before a new round of savings: Good vans, bad cars
Dusseldorf In the crisis, Ford Europe can rely on its profit maker: light commercial vehicles. Last year, Ford Europe achieved a market share of 15 percent with its commercial vehicle…
BMW heiress Susanne Klatten leaves SGL Carbon board of directors
Suzanne Klatten She is considered the richest woman in Germany. BMW major shareholder Susanne Klatten resigns as head of the supervisory board of the graphite specialist SGL Carbon in May.…
Problems with the heating, parts for repair are missing
Taycan at a Porsche dealership in the USA The expensive electric sports car apparently has problems with the heating. (Photo: Getty Images; Per-Anders Pettersson) Dusseldorf Porsche drivers need to dress…
Toyota’s new boss Koji Sato wants to catch up with electric cars
Change of boss at Toyota Koji Sato speaks while riding on screen with his predecessor Akio Toyoda (right). (Photo: Bloomberg) Tokyo The world’s largest carmaker Toyota announced on Monday a…
Why manufacturers and suppliers need mediators
Production of electric vehicles at Volkswagen Car manufacturers are skeptical as to whether all of the cost increases cited by suppliers are justified. (Photo: IMAGO/Kirchner Media) Dusseldorf, Stuttgart The difficult…
VW supervisory board speaks in planning session on Trinity and plants
VW boss Oliver Blume Blume had postponed the planning round from November to February. (Photo: Reuters) Berlin, Dusseldorf The planning round is traditionally one of the most important events of…
Lawyer Günther Horvath succeeds Piech’s niece Louise Kiesling
Dusseldorf Günther Horvath is to move into the VW supervisory board and take over the vacant position on the shareholder side. That was suggested by the panel’s nomination committee, as…
The Volvo subsidiary wants to make a breakthrough with new models
Cologne So far, the Swedish-Chinese brand Polestar has only sold one model – the Polestar 2. That is about to change. The brand, which was founded five years ago, should…
VW supervisory board speaks in planning session on Trinity and plants
Berlin, Dusseldorf The planning round is traditionally one of the most important events of the year in the Volkswagen Group. Investment volumes for the future are tied down, plant allocations…
Supervisory board holds planning round, focus on Trinity and VW plants
Volkswagen headquarters in Wolfsburg Berlin, Dusseldorf The planning round is traditionally one of the most important events of the year in the Volkswagen Group. Investment volumes for the future are…
Tesla, VW, Mercedes – The most popular electric cars in 2023
Dusseldorf The car market in Germany started the year with a decline in sales. According to the Federal Motor Transport Authority (KBA), 179,247 new cars were registered in January. That…
Japan celebrates the micromobile – mini cars called kei cars
Honda N box Sitting in the boxy car is a bit like sitting in a bus. (Photo: Bloomberg) Tokyo While small cars are dying out in Germany, Japan is showing…
Volkswagen reports significantly more profit – further supply chain problems
Oliver Blume The net cash flow in 2022 was significantly lower than in the previous year. (Photo: Reuters) Dusseldorf Europe’s largest car manufacturer, Volkswagen, continued to increase its profits in…
More sales, less cash flow – difficult start for VW boss Oliver Blume
Oliver Blume The net cash flow in 2022 was significantly lower than in the previous year. (Photo: Reuters) Dusseldorf Europe’s largest car manufacturer, Volkswagen, was able to further increase its…
More sales, less cash flow – difficult start for VW boss Oliver Blume
Oliver Blume The net cash flow in 2022 was significantly lower than in the previous year. (Photo: Reuters) Dusseldorf In the past fiscal year, Volkswagen missed an important self-imposed target…
More sales, less cash flow – supply chain problems spoil VW boss Blume’s opening year
Oliver Blume The net cash flow in 2022 was significantly lower than in the previous year. (Photo: Reuters) Dusseldorf In the past fiscal year, Volkswagen missed an important self-imposed target…
Cash inflow from Volkswagen decreases significantly
Hamburg The delivery bottlenecks have caused a severe decline in cash inflow for Volkswagen. The net cash flow of five billion euros last year was well below the 8.6 billion…