Porsche Engineering has worked on the development requirements of the Chinese market for thirty years.
Uwe Pichler-Necek today joins the Chinese subsidiary of Porsche Engineering*, an international technology service provider. He will take over as Managing Director on 1 July 2022. Pichler-Necek succeeds Kurt Schwaiger, who has headed up Porsche Engineering’s Chinese activities since 2015. Schwaiger is returning to Germany to retire after more than six years as Managing Director of Porsche Engineering in China.
The move in the totalitarian state comes as German automakers are scrambling to adopt to the disruptions caused by Russian totalitarian Vladimir Putin’s war against Ukraine rages on slaughtering civilians. German automakers are bearing the direct brunt of this war and scrambling to adjust to production and supply disruptions.
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NA Q1 Light Vehicle Sales Rate at 14.1M, -2.7M YoY
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Sales reporting day for most automakers in North America saw GM Chief Economist Elaine Buckberg say industry light vehicle volumes will grow this year and top 2021 levels, thanks to a strong labor market, higher vehicle production and pent-up demand.
But that didn’t reflect the immediate quarter, especially the month of March. Wards Intelligence, notes the average capacity utilization rate in a North American assembly plants during Q4 2021 was 70.3%, down from 85.4% in Q4 2020. The SAAR appears to be 13.3 million units, down from 14 million in February and a drop of 24.4% from March 2021’s SAAR of 17.6 million. Simply put the supply chain is a mess, and with Putin’s war on Ukraine it remains chaotic. Following the jump are the preliminary results from firms that reported. The rest of the results will trickle in next week. Continue reading →