• Sign in to follow this  
    Followers 0

    As the Diesel Emits: German Transport Minister To Hold Talks With U.S., Volkswagen Puts A Halt On U.S. Restructuring


    • The German Transport Minister Heads to U.S., and Volkswagen Puts A Hold On U.S. Restructuring Plan

    The Volkswagen diesel scandal has prompted the German transport minister to meet with the counterpart in the U.S. According to Reuters, Alexander Dobrindt will be holding talks today with Anthony Foxx, the U.S. Secretary of Transportation about the scandal. The report goes on to say that Dobrindt hopes to meet with officials from the EPA.

     

    That's not all that is taking place in the U.S. for Volkswagen. Another report from Reuters says the company has put plans of overhauling the management and overall strategy for the U.S. on hold till they deal with the litany of lawsuits and penalties.

     

    "What matters more than anything else right now is to sort out this disaster," a source said.

     

    "If we fail to do that, then questions that are completely different (than the future U.S. leadership) will come up,"

     

    Now one of items that this decision affects is finding someone to take the place of North American head Winfried Vahland, who stepped down a few weeks after being announced to the position.

     

    Source: Reuters, 2

    0


    Sign in to follow this  
    Followers 0


    User Feedback


    Aside from just the issue - the dieselgate...

     

    These modern automotive companies, especially the giants. Their operations are so complicated. Their plans made years, years in advance, and contingency planning is based on the best information available. Sometimes that information itself can be questionable.

     

    So you throw a monkey in the works, and it's likely that VW never expected this to happen; either them really being at fault or really bad control mechanisms to ensure something like this would never happen....

     

    This is gonna be a muddy affair. And VW U.S., really one of the worst performers in recent times in terms of VW's global market presence is going to go through even more tough times.

     

    No wonder all that investor value was lost. And then the estimates of the penalties and fines keep getting revised.

    0

    Share this comment


    Link to comment
    Share on other sites


    Your content will need to be approved by a moderator

    Guest
    You are commenting as a guest. If you have an account, please sign in.
    Add a comment...

    ×   You have pasted content with formatting.   Remove formatting

      Only 75 emoticons maximum are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Similar Content

    • By William Maley
      Alfa Romeo was planning to build out the Giulia lineup with a coupe, convertible, and wagon. But one of those variants has been canned.
      Alfa Romeo's manufacturing chief, Alfredo Altavilla tells Car Magazine that plans for the wagon have been canceled.
      "We decided not to do a Giulia Sportwagon. Do we really need it if the Stelvio SUV [below] drives that well? Maybe not. With our fine-tuning, the Stelvio can capture all the people who would otherwise have been interested in the SW."
      Alfa's reasons for canceling the wagon makes sense. More and more people are turning to the SUVs and crossovers. Why spend the money on developing a model that might not sell as well as an SUV?
      Source: Car Magazine

      View full article
    • By William Maley
      Alfa Romeo was planning to build out the Giulia lineup with a coupe, convertible, and wagon. But one of those variants has been canned.
      Alfa Romeo's manufacturing chief, Alfredo Altavilla tells Car Magazine that plans for the wagon have been canceled.
      "We decided not to do a Giulia Sportwagon. Do we really need it if the Stelvio SUV [below] drives that well? Maybe not. With our fine-tuning, the Stelvio can capture all the people who would otherwise have been interested in the SW."
      Alfa's reasons for canceling the wagon makes sense. More and more people are turning to the SUVs and crossovers. Why spend the money on developing a model that might not sell as well as an SUV?
      Source: Car Magazine
    • By William Maley
      The blame game over the Volkswagen diesel emission scandal continues with the former chairman Ferdinand Piëch saying that Volkswagen's top brass knew about the cheating months before it came to light.
      German newspaper Bild reported yesterday that Piëch told prosecutors that he informed Martin Winterkorn and four other members of Volkswagen's supervisory board about the possible cheating with their diesel engines. The other members include,
      Stephan Weil, prime minister of the German state of Lower Saxony Bernd Osterloh, works council chief Berthold Huber, former IG Metall union head Wolfgang Porsche These members have "unequivocally and emphatically" reject the allegations laid forth by Piëch. Volkswagen is none to happy about these accusations either and is considering possible legal options. 
      "The Board of Management will carefully weigh the possibility of measures and claims against Mr. Piëch," the company said in a statement. 
      A spokeswoman for Braunschweig prosecutors declined to comment when asked by Reuters about this story.
      It should be noted there is a bit of bad blood between Piëch and Volkswagen. In April 2015, Piëch was ousted as chairman for Volkswagen after a power struggle between him and Winterkorn. This might be Piëch wanting to settle some old scores and cause more problems for the company he once led.
      Source: Bild via Bloomberg, Reuters

      View full article
    • By William Maley
      The blame game over the Volkswagen diesel emission scandal continues with the former chairman Ferdinand Piëch saying that Volkswagen's top brass knew about the cheating months before it came to light.
      German newspaper Bild reported yesterday that Piëch told prosecutors that he informed Martin Winterkorn and four other members of Volkswagen's supervisory board about the possible cheating with their diesel engines. The other members include,
      Stephan Weil, prime minister of the German state of Lower Saxony Bernd Osterloh, works council chief Berthold Huber, former IG Metall union head Wolfgang Porsche These members have "unequivocally and emphatically" reject the allegations laid forth by Piëch. Volkswagen is none to happy about these accusations either and is considering possible legal options. 
      "The Board of Management will carefully weigh the possibility of measures and claims against Mr. Piëch," the company said in a statement. 
      A spokeswoman for Braunschweig prosecutors declined to comment when asked by Reuters about this story.
      It should be noted there is a bit of bad blood between Piëch and Volkswagen. In April 2015, Piëch was ousted as chairman for Volkswagen after a power struggle between him and Winterkorn. This might be Piëch wanting to settle some old scores and cause more problems for the company he once led.
      Source: Bild via Bloomberg, Reuters
  • Recent Status Updates

    • Drew Dowdell

      I have one co-worker who has been a thorn in my side for the past 6 months.... but I have to admit that when I need something done that is in his area of expertise, he goes after it like an angry rabid chihuahua and gets it done.
      · 0 replies
    • Drew Dowdell

      Me: I'll take "Shopping" for $800.
      Alex:"This shopping location is popular on Sundays for groups of gay couples, families with small children, and college kids with parents in tow to gather."
      · 3 replies
    • Drew Dowdell

      @gmc Sierra Denali with manufacturer plates and a never used snow plow. Wonder what's going on here.
      · 2 replies
  • Who's Online (See full list)