US car market weakens – sales dampeners for VW, BMW and Audi
HERNDON – A lack of chips and problems in the supply chain continue to slow down the US car market – things are also going badly for German manufacturers. According to its own statement on Friday, Volkswagen (Volkswagen (VW) vz) sold 78,281 new cars in the second quarter, around a third less than a year ago. There were clear cuts in almost all models. Sales of the Atlas and Tiguan urban SUVs, which have long been very popular with US customers, also collapsed again. The half-year balance was also meager: In the first six months, sales fell by around 32 percent to 143,279 cars.
Plant closure in Shanghai slows Tesla deliveries
AUSTIN – After corona-related production outages in Shanghai, Tesla broke the series of quarterly records for deliveries. Of the electric car-manufacturer delivered 254,695 vehicles to customers in the second quarter. In the first quarter it was still a good 310,000. Tesla had recently increased deliveries from quarter to quarter.
CEO Knof: Commerzbank has already cut almost 7,000 jobs
FRANKFURT – Commerzbank is making 10,000 job cuts faster than planned. “We assume that we will have reached agreements with most of the affected employees by the end of the year. As of mid-June we already have almost 7,000 individual contractual solutions,” said CEO Manfred Knof of the “Frankfurter Allgemeine Zeitung” (Saturday).
Henkel is considering more home office to save gas
DSSELDORF – The consumer goods manufacturer Henkel (Henkel vz) is considering temporarily reintroducing more home office to save gas. “We could then reduce the temperature in the offices significantly, while our employees could heat up at home to the normal extent,” Henkel boss Carsten Knobel told the “Rheinische Post” (Saturday).
Fielmann expects earnings to decline due to sluggish consumer sentiment
HAMBURG – High inflation, the war in Ukraine and the resulting weaker consumer sentiment will weigh on the results of the Fielmann optician chain in the current year. For 2022, the Hamburg company now expects a drop in profits. The company announced on Monday in Hamburg that earnings before taxes are likely to drop from 209.7 million euros to more than 190 million euros. Group sales are expected to rise from almost 1.7 billion to around 1.8 billion euros. So far, Fielmann had promised sales growth of up to ten percent and a “tangible” improvement in margins. When this outlook was published at the end of April, analysts still described it as “conservative”.
Kreise: Airbus will deliver around 55 commercial aircraft to customers in June
TOULOUSE – The world’s largest aircraft manufacturer Airbus (Airbus SE (ex EADS)) is making a little further progress in the delivery of its commercial aircraft, according to sources. Around 55 machines were delivered in June, the Bloomberg news agency reported on Monday, citing people familiar with the matter. In May there were still 47 machines. Supply chain issues and raw material shortages remain concerns for Airbus.
Habeck spokeswoman: Working under high pressure on a solution for Uniper
BERLIN – According to a spokeswoman, the Ministry of Economics is working “under high pressure” on solutions due to the tense situation of the energy company Uniper. The federal government is in talks with the company about stabilization measures, said a spokeswoman for Economics Minister Robert Habeck (Greens) on Monday in Berlin.
Schaeffler-Holding increases stake in automotive supplier Vitesco
HERZOGENAURACH – The Schaeffler family has increased its stake in the automotive supplier Vitesco (Vitesco Technologies). The Schaeffler company IHO has acquired 1.6 million Vitesco shares, the holding company announced on Monday in Herzogenaurach. This increases the Schaeffler family’s stake by around four percentage points to a total of 49.99 percent. The shares are held by various IHO Holding companies. It was said that the details of the transaction were not disclosed. The Vitesco share, which is listed in the SDAX small-value segment, gained more than four percent. The paper has lost more than ten percent in value in the current year.
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Additional Reports
-Pilot strike at SAS – tens of thousands of passengers affected every day
– After flight cancellations, Easyjet manager posts items
-British government relaxes rules on landing rights against flight chaos
-Airline strike wave increases in Spain
-Staff shortage at Frankfurt Airport also affects freight
-Study: New cars remain scarce and expensive
Oil group Saudi Aramco most valuable company – Apple in second place
-Left: Alleviate chaos at airports with better working conditions
-ROUNDUP 2/Surprise in the fridge: Meat prices are about to slide
-Bitkom: Germany should poach IT specialists from Russia in a targeted manner
-Croatia extends price cap for fuel prices
-Transport Minister Wissing wants ‘reasonable’ pay in aviation
-ROUNDUP: Last orders? Number of pubs in England at historic low
-Steinbach: No concrete decisions on the PCK refinery yet
-Bundeskartellamt: No objections to cooperation between Bosch and VW
– Drivers protest fuel prices on UK motorway
-Federal Foundation sees great potential in saving energy
– Wind turbines in nature reserves? Criticism of Tschentscher’s approach
-Protest in Netherlands: Ports and warehouses of supermarkets blocked
Customer note:
ROUNDUP: You are reading a summary in the company overview. There are several reports on the dpa-AFX news service on this subject.
/jha
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