Tag: Auto Industry
Third quarter was acceptable: the auto industry is facing a new lull
Wednesday December 23, 2020 Third quarter was acceptable Auto industry is facing a new lull The corona crisis is shaking the auto industry worldwide. The third quarter of this year…
Focus on electromobility: BMW ends combustion era in Munich
The car manufacturer BMW does not want to build any more combustion engines in Germany in the future. Gasoline and diesel engines will then only be produced abroad. In Munich,…
Should sports car brand go public ?: VW is working on a spin-off from Lamborghini
Rumors have been around for a long time: Volkswagen wants to spin off its Italian luxury brands Lamborghini and Ducati in order to make them chic for the stock market.…
"Remarkably well beaten": Conti senses market recovery
The auto supplier Conti benefited from the economic recovery in China in the summer. The Hanoverians earn money in day-to-day business. However, the costs for special effects and the corporate…
Damper follows after high sales: "Second wave" hits German car market
In September the German car market experienced an upswing, now the registration numbers are falling again. The uncertainties of the Corona crisis put the industry in uncertain months. Only e-mobility…
Car maker exceeds expectations: Tesla continues to ride the wave of success
While the competition is groaning under the Corona crisis, Tesla is on the up. For the fifth time in a row, the e-pioneer surprised with strong quarterly figures. In addition,…
Electric boom in Europe: car sales increase significantly
There is a small ray of hope on the European car market: new registrations increased in September for the first time this year. The registrations of e-cars in particular are…
Ambitious annual target: Tesla sells more cars than ever before
The electric car maker Tesla delivered almost 140,000 cars in the third quarter, exceeding expectations. The group has not yet commented on the finances. Most recently, the company had made…
Corona measures: Opel plans short-time work until the end of 2021
In order to avoid layoffs, Opel wants to persuade more than 2000 employees to leave the company with a volunteer program. So far 500 have registered. The car manufacturer is…
Joint company is dissolved: Corona drives Osram and Conti apart
The former light bulb giant Osram and the world's second largest automotive supplier Continental are going their separate ways. Their joint company is likely to be dissolved and the employees…
Another 1,800 jobs threatened: Continental wants to close its Aachen plant
At the beginning of September, Continental announced that it would tighten its current savings. Now the auto supplier is following its words with deeds: Another plant is about to be…
Automotive supplier crisis: Schaeffler is shedding thousands more jobs
The major automotive suppliers are battling two crises at the same time: Their industry is undergoing a complicated change, and the corona pandemic is affecting them. The big German companies…