Volkswagen Chairman Ferdinand Piech Resigns

VW is heading down the same path of Old GM. The future is bleak for VW and their ultra conservative approach to auto's and lack of quality.

Might as well merge VW and Fiat and then flush out all the old executives and board and kill off the products that suck and stop wasting billions on old name plates that should not be brought back.

Peich doesn't seem like the type to go quietly. I imagine he will try to work up a merger or company split or something. He still owns 10% of Porsche and Porsche owns 51% of VW.

Peich doesn't seem like the type to go quietly. I imagine he will try to work up a merger or company split or something. He still owns 10% of Porsche and Porsche owns 51% of VW.

I was reading that, but some reports say that Porsche family - which Peich is related to, is quietly stepping away from him.

funny how the Germans have to rely on being lux car makes to be successful.  When they need to be everyman cars, it becomes difficult.  I know VW does well in other parts of the planet, but i have a feeling the German POV in building cars isn't completely well suited to VW increasing share in the US.

funny how the Germans have to rely on being lux car makes to be successful.  When they need to be everyman cars, it becomes difficult.  I know VW does well in other parts of the planet, but i have a feeling the German POV in building cars isn't completely well suited to VW increasing share in the US.

Sort of like how American car companies have to rely on pickups and SUVs to turn profit, we know the Cobalt, Focus, and Caliber weren't paying the bills.  VW brand does really well elsewhere in sales, just not here.   Profit per car on a VW globally is only like $700, not that much.

I don't see Peich just retiring to Austria to drive his Veyrons, the guy is going to come back with a vengence because he is a narcissist.

 

funny how the Germans have to rely on being lux car makes to be successful.  When they need to be everyman cars, it becomes difficult.  I know VW does well in other parts of the planet, but i have a feeling the German POV in building cars isn't completely well suited to VW increasing share in the US.

Sort of like how American car companies have to rely on pickups and SUVs to turn profit, we know the Cobalt, Focus, and Caliber weren't paying the bills.  VW brand does really well elsewhere in sales, just not here.   Profit per car on a VW globally is only like $700, not that much.

 

I don't see Peich just retiring to Austria to drive his Veyrons, the guy is going to come back with a vengence because he is a narcissist.

 

But that's not the case anymore.  GM and Ford have learned new tricks and are putting out small cars that actually compete in their segments.  Chrysler is a little bit further behind in the Dart powertrain, but the vehicle itself is a solid buy. 

I wonder if this move seals the fate of the VW Passat. 

I don't believe the world economy can support the German marques and they way they build.  The more likely future outside of autonomous cars is we devolve into having to settle for Tatas and Suzukis due to world regulations and lack of enough world spending power to drive anything else.  VW is saddled with the German overhead.

Maybe I can reincarnate my old Suzuki sales self in the future when you want to trade in your Mercedes S class for something you are allowed to own in the future.

 

 

funny how the Germans have to rely on being lux car makes to be successful.  When they need to be everyman cars, it becomes difficult.  I know VW does well in other parts of the planet, but i have a feeling the German POV in building cars isn't completely well suited to VW increasing share in the US.

Sort of like how American car companies have to rely on pickups and SUVs to turn profit, we know the Cobalt, Focus, and Caliber weren't paying the bills.  VW brand does really well elsewhere in sales, just not here.   Profit per car on a VW globally is only like $700, not that much.

 

I don't see Peich just retiring to Austria to drive his Veyrons, the guy is going to come back with a vengence because he is a narcissist.

 

 

But that's not the case anymore.  GM and Ford have learned new tricks and are putting out small cars that actually compete in their segments.  Chrysler is a little bit further behind in the Dart powertrain, but the vehicle itself is a solid buy. 

 

I wonder if this move seals the fate of the VW Passat.