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

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 imposes an order freeze for the G-Class

Mercedes Benz G Class The model has become a status symbol for city dwellers. (Photo: imago images/Stefan Zeitz) Munich It is a radical step, but apparently unavoidable from Daimler’s point of view. The Mercedes manufacturer has imposed an order freeze for its G-Class SUV, according to corporate circles on Thursday. Accordingly, interested customers have not … Read more

Peter Mertens: Rise from the sheet metal league

Series production of the BMW i4 Within the transformation, German automakers are assuming the role of challengers. (Photo: dpa) Düsseldorf Peter Mertens knows something about the car industry. For 35 years, the qualified mechanical engineer held leading positions in large car companies. He was head of technology at Audi until 2018, when his second cancer … Read more

Autonomous driving from 2024 also for mass models

Hands off the steering wheel At less than 60 kilometers per hour, the S-Class can drive itself on autopilot. (Photo: dpa) Munich Emotional outbursts are actually alien to Markus Schäfer. Daimler’s Chief Technology Officer is considered a sober engineer. At the beginning of December, however, the manager was unusually sensitive, even passionate. “The lunar module … Read more

“Nobody cares that Opel makes money”

Carlos Tavares The Stellantis boss is sticking to his basic course for the Opel renovation. (Photo: Archyde.com) Paris Carlos Tavares is not in a good position in Germany as head of Opel parent company Stellantis. After violent protests from politicians and unions, Tavares had to withdraw his plans to spin off the plants in Rüsselsheim … Read more