Posts Tagged ‘German’
Daimler German Car Factory Planned Hiring 950 Workers
German automaker Daimler factory plans to hire 950 workers for a truck plant in Brazil, where sales of heavy vehicles is rising amid strong growth in infrastructure projects.
The measure will help to increase 7% payroll Daimler plant in Sao Bernardo do Campo, according to data provided by a local steelworkers union.
The company, which produces trucks under the Mercedes Benz, confirmed the hiring.
The German automaker, which last year announced plans to spend $ 900 million to increase production at the plant until 2012, seeks to tap a boom in sales of trucks in Brazil.
The country is experiencing a sharp increase in the purchase of heavy equipment transport, driven by a government plan infrastructure investment of U.S. $ 1 billion.
Sales of trucks in Brazil rose 18% in the first five months of 2011, 68,155 units, according to information released by the local chapter of the automotive industry, Anfavea.
Sales of Mercedes Benz Daimler units climbed 8.5% in the period, slightly less than his rival Germanic Volkswagen.
Currently, Daimler employs 13,000 people at the plant in Sao Bernardo do Campo. The new staff will help implement a third shift at the production line, which now employs about 9,000 workers.
According to a union in the sector, Daimler has hired 1,900 workers since September 2009. The new charges are valid for one year, the group added.
German truck manufacturer MAN IS
Berlin – Volkswagen AG secured a majority stake in the German truck manufacturer MAN IS an important step to deepen an alliance that includes the Swedish company Scandia AB, the automaker said Monday.
Volkswagen said it has secured 53.7% stake in MAN titles, giving you 55.9% of voting rights.
The announcement comes nearly two months after VW say that it had increased its stake in MAN to more than 30%. That caused a mandatory takeover bid under German law.
Volkswagen is “more than pleased” with the result, said its CEO Martin Winterport said in a statement.
“We aim to achieve substantial synergies between MAN, Scandia and Volkswagen is coming …” he said. “We continue working quickly in close collaboration with the authorities for global regulatory approvals required.”
Last month, Volkswagen said that was “constructive talks” with the European Commission for permission to merge, it says are necessary to achieve savings.
But he said the Commission had said that VW’s top executives should not join MAN’s supervisory board until the permits were approved. He said Winterport and two other executives had withdrawn their nominations to the board.
Ferdinand Piece, head of VW’s supervisory board, said more than a year ago that he wanted the cooperation of MAN and Scandia, which Volkswagen had as its main shareholder.
In November, MAN said it was seeking closer cooperation with Scandia, which spoke of a possible combination of the two brands, but said the two should remain separate.