Porsche shares start trading at 84 euros at the IPO

Die shares of the sports car manufacturer Porsche started trading on the Frankfurt Stock Exchange on Thursday morning at EUR 84. Immediately after the start of trading, they were already above the issue price of EUR 82.50. In early trading, however, the price fluctuated between these two values. The Stuttgart luxury car manufacturer was valued … Read more

What companies in China now want to orientate themselves on

Soh open how Carlos Tavares speak few. When political tensions, like in Iran and Russia, end in mutual sanctions, a company has to make a decision, said the head of Opel parent company Stellantis five days before Nancy Pelosi’s visit to Taiwan. In the meantime, he himself has already made the decision for the fourth-largest … Read more

Company cars are becoming more expensive for companies

Interior view of a car tower in the Autostadt Wolfsburg VW employees now have to wait longer for a new company car. (Foto: imago images/Sven Simon) Düsseldorf Company cars are increasingly becoming a burden for companies. Supply bottlenecks at manufacturers are delaying the replacement of leasing fleets and the switch to electromobility. The high fuel prices … Read more

Daimler Truck and Hannover Re are included in the Dax

Daimler Truck and Hannover Re are included in the Dax

Dhe shares of Daimler Truck and Hannover Re will be included in the Dax from March 21. As Deutsche Börse announced late Thursday evening, they will replace the papers from Beiersdorf and Siemens Energy there. Daniel Mohr Editor in the economy of the Frankfurter Allgemeine Sunday newspaper. Both listings are based on the fast-entry rule, … Read more

Mercedes-Benz stops sales and production in Russia

Mercedes-Benz stops sales and production in Russia

Vladimir Putin, among others with Dieter Zetsche and Peter Altmaier Production in Russia was only ramped up in 2019 with a lot of effort. (Photo: Reuters) Munich After BMW and Audi, Mercedes-Benz is also suspending its activities in Russia. As the Stuttgart carmaker announced on Wednesday evening, the company will “stop exporting cars and vans … Read more