Tag: Germany

By on April 11, 2012

It would be a great announcement to start the Beijing Auto Show, opening to the media in the world’s largest car market on April 23. Audi has its eyes on another date in the calendar: On April 18, a day before VW’s annual shareholders’ meeting in Hamburg, Audi should announce the purchase of Italy’s motorcycle maker Ducati, sources tell Reuters.

The story has been around for a while, but a due diligence check takes time. Audi’s auditors did not find any hidden skeletons, reports the wire service. Other papers, such as the Corriere de la Sera, and Germany’s Handelsblatt agree.

Ducati would round out Volkswagen’s brand portfolio nicely. It would have everything from heavy trucks, even ship engines, to screaming superbikes. It also would flip the bird at Audi’s Bavarian rival BMW.

 

By on April 10, 2012

China is Porsche’s second largest market (behind the U.S.) and most of the Porsches shipped to the Middle Kingdom are Cayennes. No wonder that Porsche will choose the upcoming Beijing Auto Show to present a successor to its brutish GTS. (Read More…)

By on April 9, 2012

Rumors of Audi starting U.S. production have been floating around for a while. Tennesseans in Chattanooga had hoped  Audi would move in with Volkswagen. These hopes have been dashed over the weekend. Germany’s Spiegel reports that Audi will get its own plant in Mexico. (Read More…)

By on April 3, 2012

Stories of Greek defaults and Italian austerity programs make you think that Europe as a whole is just about to implode. Not true at all. The export-oriented German economy profits from the still relatively low Euro. The good mood in Germany is reflected in the number of new cars that were registered in March. Germany’s Kraftfahrtbundesamt reports a 3.4 percent rise in March, compared to the same month of 2011. (Read More…)

By on April 2, 2012

A while ago, the UAW started passing out signature cards at Volkswagen’s factory in Chattanooga, TN. It looks like most landed in the garbage can. (Read More…)

By on April 1, 2012

If you sell anything, a house, a car, a company, you always appreciate a good bidding war. Rivals Audi and Daimler could be in such a bidding war, if Italy’s Corriere della Sera is correctly informed. They are feuding over a troubled maker of motor cycles, Ducati. (Read More…)

By on March 31, 2012


“This would be the most expensive plant closure of all times,” warned Rainer Einenkel, chief of Opel’s works council and Vice Chairman of its supervisory board.  “This would cost GM billions,” Einenkel said today at a news conference following a staff meeting in Bochum. “Opel would not survive this.” (Read More…)

By on March 29, 2012

Opel’s supervisory board meeting ended with nothing. All the board, which consists of 50 percent labor and 50 percent of what is called “the equity side,” could agree on was that revenue, costs and margins are important. It’s good they have figured that out by now. Plant closures have been tabled. There is no sense in announcing them now anyway – plants cannot be closed before 2015. (Read More…)

By on March 28, 2012

GM has turned its Ellesmere Port plant into “a no-go area for media amid ongoing speculation over its future,” says The Guardian. Staff and suppliers have been told to avoid reporters. “Attempts to photograph Astras awaiting delivery at the site’s distribution centre prompt a visit from security guards who ask the Guardian to desist,” says the paper. (Read More…)

By on March 28, 2012

Today, the Supervisory Board of GM’s ill-fated Opel division is meeting. For the first time, the unions are in the majority on the board. In addition to half of the seats in the boardroom being occupied by representatives named by labor, UAW boss Bob King is taking part in the meeting. It is unlikely that King’s vote will strengthen the labor side. King comes as an emissary of GM, where the UAW, through VEBA, owns 10 percent of the stock.  Representing the capitalist side of the equation, King will have to vote for job losses and plant closures. If not today, then soon. (Read More…)

By on March 26, 2012

Last week, Opel’s labor representatives complained that GM does not want to negotiate with them. Now it’s the unions that don’t want to talk. Today, labor representatives  of eight countries sent Opel CEO Karl-Friedrich Stracke a letter. The letter consisted of only one sentence, written in eight languages: (Read More…)

By on March 25, 2012

After a round of psychological warfare with targeted leaks, GM seems to be ready to attack the overcapacity at lossmaking Opel in earnest – eventually.  The German government reportedly has been informed that Opel wants to close Bochum. Jobs will be exported to low cost countries such as Poland, Russia, China, India, Mexico and Brazil. Cars will be imported even from China. (Read More…)

By on March 25, 2012

Daimler’s R&D chief Thomas Weber told Germany’s Wirtschaftswoche a big secret: Daimler will show an electric car at the Beijing auto show that opens in the last week of April. Of course, TTAC readers already knew the secret. But it is always nice to have independent verification. (Read More…)

By on March 23, 2012

PSA and GM look at expanding their alliance. Unions are not sitting still either. Workers of  PSA and GM look at forming their own strategic alliance. (Read More…)

By on March 23, 2012

Real Chinese brands are losing market share to joint ventures. The Chinese government wants to keep up appearances, and strongly suggests to joint ventures with foreigners that they should start a separate “Chinese” brand. Latest to say “hao” (yes, ok, jawohl) is Daimler.  Its joint venture with BYD to make electric cars in China will dispense with making electric Mercedes first and will instead immediately head to second base and launch a Chinese brand. (Read More…)

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