MUNICH, April 28 (Reuters) - The head of German chipmaker Infineon was quoted on Monday as saying the company would move its automotive and industrial division to Austria, the first step in a possible exodus from its home turf. Long a vociferous critic of Germany's high taxes, Infineon Chief Executive Ulrich Schumacher told the Sueddeutsche Zeitung he expected "significant synergies" from the move, which would see the division's management relocated from Munich to join over 2,000 employees ...
Premium Content (PAID Subscription Required)
"Infineon starts German exodus with auto unit-paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.