Supply chain problems, lockdowns, and a boycott call in China have caused Adidas’ third-quarter profit to slump. Chief Executive Kasper Rorsted reiterated to Reuters that the company’s projection, which had only been raised at the halfway point but expected profit and sales growth to be at the lower end of the target range. Profit from […]
What was once known as the Beetle in the old Federal Republic, was the Santana in China. For many years, the mid-size sedan dominated Chinese streets and was the epitome of the country’s aspiring middle class. After more than three decades, Volkswagen is now terminating the production of the Santana in China. “Customer preferences are […]
They are by far the two largest greenhouse gas emitters in the world: China and the USA. Together, they cause almost 40 percent of the world’s climate-damaging CO2 emissions. Without more climate protection by these two economies, all climate protection efforts would be in vain. At the UN climate conference in Glasgow, both sides are […]
Because the production of smartphones brings in less and less profit, Foxconn wants to change its business. Instead of iPhones, the Taiwanese electronics company wants to produce e-cars in the future. Frank Sieren took a closer look at the first three models and the strategy behind them. And just like with the iPhones, Foxconn doesn’t […]
Stefan Dahmen is the new Director of Project Management at Svolt Energy Technology in Europe. In his new role, he is responsible for all customer projects of European OEMs in the automotive sector of high-voltage storage applications. Dahmen previously worked at automotive supplier Vitesco Technologies. The 55-year-old has gained experience in various positions in the […]
Not so long ago, Geely’s cars were still piddly little cars that looked so rickety they didn’t even pass the elk test. Today Geely is one of the most ambitious electric manufacturers in the world – and the parent company of Volvo. Now Geely has taken the traditional Swedish brand public again. Volvo as we […]
Hubertus Troska wird zur weiteren Vereinheitlichung der Vorstandsressorts der Daimler AG und der Mercedes-Benz AG ebenfalls in den Vorstand der Mercedes-Benz AG berufen. Troska ist CEO und Chairman von Daimler Greater China und verantwortlich für alle strategischen und operativen Aktivitäten von Daimler in China.Lars Bäumann has moved from Mexico to Shanghai for Volkswagen. Bäumann holds the […]
The port of Ningbo-Zhoushan is located about 250 kilometers south of Shanghai. It is the third-largest cargo port in the world. Almost 1.2 billion tons of goods were handled there last year alone. On August 11, one of the port’s workers tested positive for Covid. The man had been double-vaccinated with the Chinese Sinovac vaccine, […]
The Red Flag (Hongqi), China’s legendary state car in which Mao Zedong was driven around, is coming to Europe – in a luxury version and, in keeping with the spirit of the times, as an electric model. However, Frank Sieren analyzes that it will not be quite so easy to enter the market. The ideological-historical […]
Tobias Gabriel is now Category Manager Electronics at automotive supplier Webasto in Shanghai. Gabriel joined Webasto in China from the Schindler Group.Alexander Ron joined FAW-Volkswagen in Changchun as an IT expert at the beginning of September. He previously worked for Audi AG in Ingolstadt.Matthias Dünckelmeyer is the new Senior Manager Middle and Back Office for […]