Ticker Archive
JUNE 2007
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- New CEO at Volkswagen of America
(Corporate Website)
The Volkswagen Group Board of Management has appointed Stefan Jacoby (49) as President & CEO of Volkswagen of America, Inc. effective September 1, 2007. Jacoby will assume overall responsibility for the Group’s automotive business in the USA. He succeeds Frank Witter (48), who is moving to Volkswagen Credit, Inc., where he will become Co-President, sharing the post with the present incumbent Kevin Kelly (60).
Jacoby will restructure automotive business in the USA in close coordination with the Group Board of Management. The objective is to achieve further significant expansion in the position of Volkswagen and Audi on the US market through attractive and competitive products.
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- T-Mobile to Sell Apple's iPhone in Germany
(Rheinische Post)
Deutsche Telekom AG's T-Mobile division has won a deal to sell Apple Inc.'s iPhone in Germany starting on Nov. 1. T-Mobile won the bid at the last minute from Europe's largest mobile operator, Vodafone Group PLC, according to a report in the Rheinische Post newspaper. Apple launched the iPhone in the U.S. on Friday to largely positive reviews, although its mobile partner there, AT&T Corp., experienced delays in activating some people's phones over the weekend.
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- Germany's Solon establishes U.S. operations in Tucson
(InsideGreenTech.com)
Solon AG, one of Europe’s largest manufacturers of solar energy systems for commercial and government facilities, today announced a new U.S. subsidiary in Tucson, Arizona. Manufacturing operations are scheduled to begin in late 2007.
The company is finalizing agreements to acquire a 100,000+ square foot facility in Tucson, where it will produce high efficiency solar modules and provide design and installation services to large-scale commercial, municipal and utility customers throughout the United States, it said. Production during the next few months is to focus on preliminary operations as the plant ramps up toward full production in early 2008.
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- German Automakers' U.S. Gains in June
(Bloomberg)
Germany's Volkswagen AG and Bayerische Motoren Werke AG led European automakers' U.S. sales gains in June on demand for small cars as well as luxury sport sedans. Volkswagen, Europe's largest carmaker, said the namesake brand's U.S. sales climbed 15 percent in June, helped by demand for the Eos, Jetta and Rabbit small cars. BMW, the world's largest luxury automaker, said U.S. vehicle sales rose 6 percent, pushing the brand's first-half increase to 4.5 percent. Porsche, whose U.S. sales account for more than a third of total sales, said demand for its vehicles rose 14 percent in June in the U.S.
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- German Productivity Growth Outstrips US
(Invest in Germany Newsletter)
A new international study shows that German productivity growth surpassed that of the United States in 2006. The study, published by the US-based Conference Board, showed that German labour productivity growth accelerated to two percent last year. In the United States, meanwhile, productivity growth slowed to just 1.4 percent, its smallest gain in more than a decade.
