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Tag Archives: Putin’s war on Ukraine
Renault Group: Sales Drop, Revenues Even, Margins, Profits Up
“These first half results are a proof of this: despite all the headwinds related to the stop of the activity in Russia, the semiconductor crisis and cost inflation, the Group continues to improve its operating performance and is beginning to benefit from the success of new launches,” Renault Group said. Continue reading
M-B Group Runs Self-Congratulatory First Annual Meeting
Well, in the face of the ongoing pandemic and supply bottlenecks, as well as German funding of the Russian war on Ukrainian men, women, children and babies by buying Russian energy products, the financial year 2021 at Mercedes-Benz Cars, Mercedes-Benz Vans and Mercedes-Benz Mobility was successful. A dividend of €5.00 was proposed with €4.30 new reference point for dividend payments. Continue reading
Uwe Pichler-Necek Next MD of Porsche Engineering 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. Continue reading
Porsche 2030 – More Than 80% All-Electric New Vehicles
“We continue to hope for a cessation of hostilities and a return to diplomacy. The safety and integrity of the people are paramount. To help people in need in Ukraine, Porsche AG has donated a total of €1 million. Experts are continuously determining the degree of impact on Porsche’s business activities in a task force. The supply chains for Porsche plants have been affected, which means that on-schedule production is no longer possible in some cases.” Continue reading
Ex VP of KanRus Trading Guilty Exporting Avionics to Russia
Douglas Edward Robertson, 56, of Olathe, Kansas, the former vice president of KanRus Trading Company Inc., pleaded guilty yesterday for his role in a years-long conspiracy to circumvent U.S. export laws by filing false export forms with the U.S. government and, after Russia’s unprovoked invasion of Ukraine in February 2022. KanRus continued to sell and export sophisticated and controlled avionics equipment to customers in Russia without the required licenses from the U.S. Department of Commerce, the Justice Department said. The so-called Federal Security Service of the Russian Federation (FSB aka FSS) the main security agency of Russia, successor agency to the KGB of the Soviet Union also used KanRus. Continue reading →