Christoph Rauwald

Business, Technology, Fuel, Autonomous

VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings

Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. Elon Musk waves during the Satellite 2020 Conference in Washington on March 9. (Andrew Harrer/Bloomberg News)

Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic.

Christoph Rauwald | Bloomberg News
July 24, 2020
Business, Equipment

Volkswagen Management Tumult Spills Over to Truck Subsidiary

Employees work on a truck chassis assembly line in Netherlands. Employees work on a truck chassis assembly line in Netherlands. (Jasper Juinen/Bloomberg News)

Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the COVID-19 pandemic.

Christoph Rauwald | Bloomberg News
July 10, 2020
Business, Technology

Daimler AG Sharpens Cost Cutting With Sales Recovery on Horizon

Daimler CEO Ola Kallenius. Daimler CEO Ola Kallenius. (Alex Kraus/Bloomberg News)

Daimler AG CEO Ola Kallenius will widen cost cuts to shore up returns, even as the German manufacturer signaled demand for cars and trucks has started to recover from the most dramatic slump in decades.

Christoph Rauwald | Bloomberg News
July 8, 2020
Business

Daimler CEO Warns of ‘Drastic’ Pay Cuts, Deeper Restructuring

A worker checks a paint finish on the production line inside a Mercedes-Benz plant in Hungary on May 7. A worker checks a paint finish on the production line inside a Mercedes-Benz plant in Hungary on May 7. (Akos Stiller/Bloomberg News)

Daimler AG CEO Ola Kallenius said the maker of Mercedes-Benz cars and the industry as a whole face painful cutbacks to overcome the economic fallout of the COVID-19 pandemic.

Christoph Rauwald | Bloomberg News
July 1, 2020
Business

VW Board Backs CEO to Ease Tensions After Turmoil

Volkswagen CEO Herbert Diess speaks during a Bloomberg Television interview in November 2019. Volkswagen CEO Herbert Diess speaks during a Bloomberg Television interview in November 2019. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG’s supervisory board accepted an apology from CEO Herbert Diess, with the unusual public statement reflecting the tension caused by an internal dust-up.

Christoph Rauwald | Bloomberg News
June 9, 2020
Business

Volkswagen CEO Herbert Diess Giving Up Managing VW Brand

Herbert Diess Volkswagen CEO Herbert Diess by Krisztian Bocsi/Bloomberg News

Herbert Diess, CEO of Volkswagen, ceded direct control of the German company’s main passenger car brand after clashing with labor unions over production issues affecting two key models.

Christoph Rauwald | Bloomberg News
June 8, 2020
Business, Safety

VW Shutters Europe Plants as Pandemic Slams Auto Industry

Travelers pass a VW advertisement on a railway station subway wall near company headquarters in Wolfsburg, Germany, on March 12. Travelers pass a VW advertisement on a railway station subway wall near company headquarters in Wolfsburg, Germany, on March 12. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG will halt production at its plants in Europe, deepening the economic pain the rapidly spreading coronavirus is inflicting on the struggling car industry.

Christoph Rauwald | Bloomberg News
March 17, 2020
Business, Safety

VW Faces Production Snarls as Virus Pandemic Hits Car Factories

Employees work on an electric automobile on the assembly line of a Volkswagen AG factory in Germany. Employees work on an electric automobile on the assembly line of a Volkswagen AG factory in Germany. (Jasper Juinen/Bloomberg News)

Volkswagen AG’s sprawling operations in Europe are starting to feel the effects of the coronavirus pandemic, as the German carmaker joined peers such as Fiat Chrysler Automobiles NV in winding down output at some of its factories.

Christoph Rauwald | Bloomberg News
March 16, 2020
Business

VW to Start Search for New CFO

Volkswagen AG logo. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG Chief Financial Officer Frank Witter is set to leave by the middle of next year after the carmaker agreed not to extend his contract by the customary five-year period, according to people familiar with the matter.

Christoph Rauwald | Bloomberg News
February 20, 2020
Business

Daimler Leaders Retool Management at Mercedes-Benz, Van Units

The Mercedes-AMG GT on display at the Auto Expo 2020 in Indian on Feb. 5. The Mercedes-AMG GT on display at the Auto Expo 2020 in India on Feb. 5. (Prashanth Vishwanathan/Bloomberg News)

Daimler AG’s top management tightened control over its flagship Mercedes-Benz luxury-car unit and the vans division that turned in an outsized loss in 2019.

Christoph Rauwald | Bloomberg News
February 20, 2020

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