Cars
Despite the global economic crisis, German automakers are reporting record profits and sales in the first half of 2011. Therefore, if they can prosper under such dire conditions, then the future looks more than bright, correct?
- Volkswagen Hands Out A €7,200 Bonus To German Employees
Good news for Volkswagen's German workforce as Europe's largest carmaker is sharing some of the record profits the company delivered in 2012 with its employees. VW said on Wednesday that it will pay German workers a bonus of €7,200 or...
- Ferrari's Di Montezemolo Says Increased Demand Will Result In Record Sales And Profits This Year
As a whole, the global automotive sector is facing many unknowns. China, the world’s biggest car market, is slowing down, the US, despite being on a positive track so far, is not immune to fears of a future recession, and Europe is facing the...
- Rattnered-out: Book By Former Car Czar Reveals Obama Wanted Ghosn To Run Gm
Former Obama car czar Steven Rattner (not to be confused with destroyer of films Brett Rattner) is set to cash in on his six month experience under an administration tasked with bringing the American auto industry back from the brink. Titled Overhaul:...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
- Bmw Group's 3rd Quarter Net Profits Fall 63%
Reflecting the global economic turmoil, the BMW Group that includes the BMW, MINI and Rolls Royce brands posted a 63 percent drop in third quarter profits. The Munich-based company said that pre-tax profits for the July-September period fell 63.5% to...
Cars
German Auto Industry's Progress Threatened by Lack of Engineers
Despite the global economic crisis, German automakers are reporting record profits and sales in the first half of 2011. Therefore, if they can prosper under such dire conditions, then the future looks more than bright, correct?
Well, while true, the German auto industry is actually facing one little tiny problem that seems to be slowing their expansion plans: a shortage of engineers to design the new cars they intend to produce. The reasons for this shortage are the aging, thus slowly but steadily retiring, workforce and the loss of interest in technical studies by the young.
Read more »- Volkswagen Hands Out A €7,200 Bonus To German Employees
Good news for Volkswagen's German workforce as Europe's largest carmaker is sharing some of the record profits the company delivered in 2012 with its employees. VW said on Wednesday that it will pay German workers a bonus of €7,200 or...
- Ferrari's Di Montezemolo Says Increased Demand Will Result In Record Sales And Profits This Year
As a whole, the global automotive sector is facing many unknowns. China, the world’s biggest car market, is slowing down, the US, despite being on a positive track so far, is not immune to fears of a future recession, and Europe is facing the...
- Rattnered-out: Book By Former Car Czar Reveals Obama Wanted Ghosn To Run Gm
Former Obama car czar Steven Rattner (not to be confused with destroyer of films Brett Rattner) is set to cash in on his six month experience under an administration tasked with bringing the American auto industry back from the brink. Titled Overhaul:...
- Global Car Sales To Drop 7.7% To 60 Million Units In 2009, According To Hyundai Chairman
South Korea's largest automaker, Hyundai, expects that the worldwide financial crisis will continue to have a negative effect on global auto sales throughout 2009. Today, the firm's Vice Chairman Choi Jae Kook told Hyundai's employees that...
- Bmw Group's 3rd Quarter Net Profits Fall 63%
Reflecting the global economic turmoil, the BMW Group that includes the BMW, MINI and Rolls Royce brands posted a 63 percent drop in third quarter profits. The Munich-based company said that pre-tax profits for the July-September period fell 63.5% to...