Friday, April 10, 2015

+++ +++ News about stock market and the economy: Earthquake in the VW empire … – ABC Online

Updated on Friday, 04.10.2015, 16:32
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tizzy at Volkswagen: According to a media report seems tablecloth between VW supervisory board Piëch and VW board boss Winterkorn cut. This would make a leadership crisis in the room and Winterkorn’s future at VW would be questionable.

VW supervisory board boss Piëch takes its distance to Winterkorn

Volkswagen -Patriarch Ferdinand Piëch moves according to a “mirror” report complete surprise from CEO Martin Winterkorn. “I am to distance Winterkorn,” the chairman Piëch told the “mirror” as the news magazine reported online on Friday. A company spokesman declined to comment on the issue.



Earthquakes in the VW Empire

The “mirror” display comes an earthquake in the VW empire same. Piëch the top management had done before winter grain itself to him he owned for decades a great trust. The Porsche and Piëch families have the majority of votes at Volkswagen. Piëch is considered VW center of power. Without it falls no central decision.

The tandem Winterkorn / Piëch was also regarded as the switchman for the medium-term future. Winterkorn’s contract expires at the end of next year, then it goes up to 70. Piëch is the end of April 78.

“I strive for that at the top of the right ones come”

Financial Insider reported last always agreed that Winterkorn Piëch should replace at the top of the control panel. Only the time seemed unclear. So it was also Winterkorn recently in several interviews open whether a contract extension is for him the question. Against this background, now has another set of Piëch weight. The “mirror” he said, “I strive to get the right person at the head of the Supervisory Board and the Management Board.”

In connection with the statement about the distance to Winterkorn, the prospects for the top leadership of the largest group in this country by another. The “mirror” writes that the decision as to who directs Volkswagen in the future, until 2017 fall; and that “shortly before I left,” as Piech said. The candidates for this are already in the company. Management and Supervisory Board each technician would have to hold the lead, it was set.



Tempo improved sales, revenues and profits.

The “mirror” leads to upset the major strategic problems facing Volkswagen stands for years. The earning power of the core brand VW cars lags behind the competition resistant. Therefore, since last summer reaches a multibillion dollar savings program. In the United States lack the right models, so VW for years in a growing market – loses shares – the second largest in the world. And the announced years ago Budget Car with which the company wants to break into the young emerging markets is still not there.

In sum, these problems are annoying – but they are hidden by the running total for years record performance of the Group, which improves with great pace sales, revenues and profits. The rival General Motors (GM) is obsolete. Now it is only the world market leader Toyota from Japan sought.

VW works council head Osterloh jumps Winterkorn to the

The influential VW works council boss Bernd Osterloh turned on behind Winterkorn for critical statements of Piëch. At the same time Osterloh cautioned against any staff debates at the carmaker

“We have a clear position on nothing has changed: We have with Winterkorn most successful automotive manager on board.”, Osterloh said, also speaking on VW Supervisory sitting. “Together with him we have written an unprecedented success since 2007.”

Osterloh said: If it were up to the council, Winterkorn’s contract beyond 2016 will be extended. “Questions have also not yet, because Piëch is Chairman and we appreciate the combination of two strong personalities at the helm.” With the works there will be no further discussion about people and functions

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