The armaments group and automotive supplier Rheinmetall felt the effects of the corona crisis in the first quarter. While the MDax group increased sales slightly by 1.1 percent to around 1.36 billion euros, the operating result fell37 percentto 34 million euros, as announced on Friday in Düsseldorf. The bottom line broke the excess around45 percentto … Read more
The works of the sports car maker Porsche will remain closed at least next week due to the coronavirus pandemic. Against the background of the current situation, the production in the main plant is started Stuttgart-Zuffenhausen and in Leipzig continued, a spokesman said. There are still bottlenecks in the global Supply chainsthat do not allow … Read more
The bottom line of the corona virus crisis at Daimler also resulted in a sharp drop in profits, and only allowed the car and truck manufacturer to barely miss a loss. In the first quarter, the profit attributable to shareholders plummeted to 94 million euros as the group announced in Stuttgart. A year ago it … Read more
Production at Volkswagen will be suspended until the end of next week. But the company is already planning to restart. Among other things, the supply chains would have to be rebuilt. However, the company also calls for “investments in consumer behavior”. Europe’s largest car maker Volkswagen wants to present its plans for ramping up production … Read more
The Spanish VW subsidiary has started manufacturing ventilators. The automaker wants to use this to actively support hospitals during the Corona crisis. The plant is accepting major retrofits. At the main Martorell plant near Barcelona, ventilator production started, Seat said. 150 employees used an assembly line for the Seat Leon to mass-produce the devices. For … Read more
Italy is currently subject to drastic blocking measures nationwide. This has an enormous impact on the economy. The best-known car brand in the country is ceasing to operate due to the spread of the corona virus. The Italian sports car manufacturer Ferrari closes its two plants for two weeks because of the corona virus outbreak. … Read more