Nowadays, the auto industry produces “entry-level” cars that are going for double what they cost 25 years ago, leaving young buyers struggling to enter the market while luxury and high-performance brands continue to thrive
Tag: auto industry
Germany is trying to avoid tariffs on Chinese electric cars because it is interested in selling its own cars to China — and wants to avoid direct confrontation. But the European Union has decided to impose new tariffs. All of this may wind up as a full-fledged new trade war between China and Germany.
AUGSBURG — One moment you’re the globetrotting head of a corporation with an army of subordinates to execute your every order, the next you’re behind bars and required to file requests for items as banal as toilet paper. While jailing executives, particularly those of global companies, is an almost unheard of occurrence in Germany, that’s just what happened to Audi Chief Executive Officer Rupert Stadler last month. One of the few other corporate leaders to suffer a similar fate was Thomas Middelhoff, and he has some words of advice to adapt to the circumstances. “You need humility, otherwise you’ll crack,” […]
The world has mostly embraced technological advances. But as fallout over the Facebook data-breach scandal suggests, the reaction could get nasty.