• 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

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

    ×   Your previous content has been restored.   Clear editor




  • Popular Stories

  • Today's Birthdays

    1. 67impss
      67impss
      (57 years old)
  • Similar Content

    • By William Maley
      Ever since Martin Winterkorn resigned from his post as Volkswagen Group CEO due to diesel emission scandal sixteen months ago, he has been out of the spotlight. However, Winterkorn made his first public appearance today at a parliamentary committee in Berlin investigating the emission irregularities of automobiles. At the hearing, Winterkorn maintained his innocence, saying he had no part in the cheating, nor knew anything about it.
      “It’s incomprehensible why I wasn’t informed early and clearly. I would have prevented any type of deception or misleading of authorities,” said Winterkorn.
      Winterkorn declined to answer questions dealing with when he was informed about the scandal, saying prosecutors are still investigating.
      The defense that Winterkorn is using (not having any knowledge about the scandal until the news broke) is very much at odds with his reputation of being a detail-obsessed executive.
      “It remains difficult to believe that such a dedicated engineer like Winterkorn wasn’t aware what was going on. And if he wasn’t, he neglected his duties as supervisor,” said Stefan Bratzel, an auto industry researcher at the University of Applied Sciences in Bergisch Gladbach, Germany to Bloomberg.
      There is also a fair amount of circumstantial evidence that shows Winterkorn knew about this. A year before the scandal broke, Winterkorn was alleged to get a memo talking about the investigation into the EA128 2.0L TDI engine. He claims that he never saw that memo. There is also the allegation that Winterkorn sat in a meeting discussing the investigation.
      Before leaving the hearing, Winterkorn apologized once again.
      “What happened makes people furious -- me too. I’m deeply upset that we disappointed millions of our customers,” said Winterkorn.
      Source: Bloomberg

      View full article
    • By William Maley
      Ever since Martin Winterkorn resigned from his post as Volkswagen Group CEO due to diesel emission scandal sixteen months ago, he has been out of the spotlight. However, Winterkorn made his first public appearance today at a parliamentary committee in Berlin investigating the emission irregularities of automobiles. At the hearing, Winterkorn maintained his innocence, saying he had no part in the cheating, nor knew anything about it.
      “It’s incomprehensible why I wasn’t informed early and clearly. I would have prevented any type of deception or misleading of authorities,” said Winterkorn.
      Winterkorn declined to answer questions dealing with when he was informed about the scandal, saying prosecutors are still investigating.
      The defense that Winterkorn is using (not having any knowledge about the scandal until the news broke) is very much at odds with his reputation of being a detail-obsessed executive.
      “It remains difficult to believe that such a dedicated engineer like Winterkorn wasn’t aware what was going on. And if he wasn’t, he neglected his duties as supervisor,” said Stefan Bratzel, an auto industry researcher at the University of Applied Sciences in Bergisch Gladbach, Germany to Bloomberg.
      There is also a fair amount of circumstantial evidence that shows Winterkorn knew about this. A year before the scandal broke, Winterkorn was alleged to get a memo talking about the investigation into the EA128 2.0L TDI engine. He claims that he never saw that memo. There is also the allegation that Winterkorn sat in a meeting discussing the investigation.
      Before leaving the hearing, Winterkorn apologized once again.
      “What happened makes people furious -- me too. I’m deeply upset that we disappointed millions of our customers,” said Winterkorn.
      Source: Bloomberg
    • By William Maley
      Volkswagen has been teasing us for a number of years with Microbus concepts that never seem to go anywhere. The latest one is the I.D. Buzz that debuted earlier this month at the Detroit Auto Show. But an insider says this concept will go into production.
      Automotive News Europe spoke to a source at Volkswagen who said, "I know what you're going to ask and the answer is 2022. Diess wants it."
      The second sentence in that quote is important. Diess refers to Herbert Diess, the brand chief for Volkswagen. According ANE, Diess is a big fan of the I.D. Buzz concept in part as the original bus "is a feel-good throwback to the days when VW stood for flower power, not toxic pollutants."
      According to other sources, the production variant of the I.D Buzz will be very close to the concept, minus the retractable steering wheel.
      Whether it actually goes into production or not remains to be seen.
      Source: Automotive News Europe (Subscription Required)
      Pic Credit: NewspressUSA

      View full article
  • Recent Status Updates

  • Who's Online (See full list)