Will shortening 10% of master degree programs from two years to one year and three months be enough to increase the workforce by 4,600 in 2028? An interim report shows that it might not be quite enough. The report suggests that 23% of programs will need to be shortened, which means one in four students would study a shorter master degree from 2028.
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The government says that the interim report is not complete, and when the final report is presented in October 2024, the numbers will be closer to the 10% agreed upon by a political majority in Parliament.
The state pension company ATP invested billions in Terma, a Danish company that produces parts for weapons and military equipment. ATP will become a minority shareholder with an undisclosed ownership percentage of between 10 and 49% and a seat on the board. Terma produces parts for the F-35 warplanes and employs 1,700 people in Denmark.
The expansion of the Port of Aarhus was put on hold indefinitely. 70% of Denmark’s entire container traffic goes through the Port of Aarhus, which makes it a port of national interest. Both the business world and the government would like to see the port expanded by 84 hectares in the next thirty years. However, the City Council of Aarhus decided that priorities lie elsewhere and abandoned the idea, to focus instead on the Aarhus ReWater project.
42,785 young people between 15 and 24 years old are neither at school nor at work. This represents 6.3% of this demographic, marking an increase of 0.5% since 2021.
38.1% customs tariffs on Chinese-produced electric cars from July 2024. The decision to raise the tariffs will definitely increase the price for Chinese electric cars, but also for other brands that produce some of their cars in China, like Tesla, BMW, Volvo, and Polestar.
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The new customs tariffs are temporary (a final decision will be made in the autumn), and they will apply differently depending on the company. For example, MG and Maxus will have the highest rate (38.1%), while Volvo and Polestar will have a reduced rate of 20%. China can still negotiate and bring the customs back to the current level of 10%.
The end of the Danish electric car adventure. The electric car company Fisker Inc. has filed for bankruptcy protection in the USA. In 2021, the company was valued at 55 billion DKK as people lined up to buy the world’s most sustainable vehicle. Unfortunately, car production proved more expensive and complex than expected, and Fisker was forced to send unfinished cars to customers to generate cash flow. The unfinished cars led to bad reviews, which in turn led to a significant devaluation of the share price.
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Despite the bad reviews, more than 65,000 people are waiting in line to get a Fisker Ocean car. Why? A cult has developed around the car. So far, only 362 Fisker cars can be found on Danish roads.
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The car designer Henrik Fisker has previously declared bankruptcy on another car company in 2013 that produced a plug-in hybrid car.
