Tag: Auto supplier
What the economic downturn means for the Stuttgart-based Bosch Group
As of: April 18, 2024 12:15 p.m The Stuttgart-based Bosch Group wants to further reduce costs – and is cautious about the coming months due to the economic downturn. The…
Bosch plans to cut jobs in its automotive software business
As of: January 18, 2024 5:12 p.m The automotive supplier Bosch is having problems in its division, which, among other things, produces systems for automated driving. Hundreds of positions are…
Auto supplier ZF could save up to 18,000 jobs – economy
Around 3,000 employees gathered in front of the ZF Friedrichshafen headquarters on Wednesday morning to protest against the management’s austerity plans. The automotive supplier’s works council fears that up to…
VW wants to make up ground in China with a new electric car platform
As of: November 24, 2023 3:09 p.m In the future, VW wants to produce “in China, for China” and is developing its own electric car platform. The company wants to…
Conti wants to cut thousands of jobs in the automotive supply sector
As of: November 13, 2023 2:31 p.m The automotive supplier Continental is cutting thousands of jobs worldwide in the ailing car division. The administration will be particularly affected; savings of…
Auto supplier – IFA goes to Aequita – Wirtschaft
The traditional automotive supplier IFA gets a new owner after years of renovation. The manufacturer of cardan and side shafts from Haldensleben in Saxony-Anhalt goes to the Munich financial investor…
Auto supplier – Brose writes loss – economy
The auto supplier Brose is slipping into the red. “As a result of disproportionate administrative costs in Germany and poorly utilized capacities in the 45 worldwide production facilities, the automotive…
Auto supplier – Hella cuts annual forecast – economy
Delivery bottlenecks continue to cause problems at the Westphalian auto supplier Hella. As a result, the Group has again lowered its sales and earnings forecast for the current financial year,…
Auto supplier – Faurecia secures almost 80 percent of Hella – Wirtschaft
The French auto supplier Faurecia is expanding its influence on its competitor Hella. By the end of the acceptance period, Hella investors had offered Faurecia 79.5 percent of the shares,…
Auto supplier – Conti defends its austerity course – economy
Continental boss Nikolai Setzer wants to learn from the sometimes severe criticism of the cuts and closings in some plants. “Of course there are always things that can be done…