Monday, March 7, 2016

VW wants to resolve disputes with investors by collecting method – Traunsteiner Tagblatt

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Wolfsburg / Geneva (dpa) – In exhaust scandal Volkswagen defends against accusations as company head to the former CEO Martin Winterkorn.

There is so far no evidence of complicity of the Management Board, argue advocates of the car manufacturer in a response to shareholder lawsuits, the possession of the German Press Agency.

Supervisory Board Wolfgang Porsche is looking ahead. He called for a new culture of dialogue in the management bodies of the Group and will openly address difficult topics at VW for «diesel Gate”. Similarly, works council head Bernd Osterloh.

commented “If we find, for example, that we have a surplus personnel in each area of ​​Volkswagen, one must early can think about constructive solutions,” Porsche told Deutsche Presse-Agentur. “This avoids that you must then fired in a crisis overnight people.”

Porsche called for a new culture of dialogue in the upper floors: “We need more talk to each other instead of about each other , And that’s something we have to improve in the group yet. “

The 72-year-old is as chief inspector of the VW parent Porsche SE of influential supervisory board of Porsche / Piëch family. The families keep on the Porsche Holding the majority voting rights in VW. VW even want to try to prevent job losses in the core workforce after winning slump in the wake of the scandal. The job cuts is yet possible. Until fear especially the temporary workers to their jobs.

The exhaust affair at Volkswagen was made public through a notice from the US Environmental authorities in mid-September. Volkswagen had subsequently admitted that it had built in the world around eleven million diesel vehicles a software that has been tampered with the emission values. This had plunged the group into a serious crisis. It threatens billions costs – also because of complaints

A first shareholder notification to the stock exchange, a so-called Ad hoc announcement, VW announced on September 22, out.. One day later the longtime VW Group CEO Martin Winterkorn resigned. He will take responsibility for the irregularities, but none incorrect Verhaltes was aware Winterkorn said at the time

In the work of the scandal will be fought mainly on two issues:. Had Volkswagen must inform the public earlier? And take the VW-tip a complicity in the scandal? Make

Various investors in court submits that Volkswagen had been too late information on the extent of the affair. Check out due to losses in the stock market a lot of money brought and therefore push.

In his reply VW rejects these accusations. The company argued that there had been an “overriding interest in confidentiality” of the group, to the US Environmental Protection Agency have informed the public about the manipulations on 18 September. The VW board was entitled to believe that the US authorities a “consensual solution” was possible that would not have led the Group to overweight economic consequences.

It is further stated in the paper, the decision to use the manipulation software had been taken “unilaterally” by individual employees on downstream working levels of Powertrain development – “which the Volkswagen Board of Management was not aware.” The entire Board knew only a few weeks before the public flying up the affair of the software manipulations. Other perspectives are allegations “into the blue”.

However, it is in the pleading at the same time, according to current knowledge conditions, the warnings would be in VW from the end of May 2015 it increased that an offending for use against US law program might have come. Individual board members were informed but only in “general terms”.

Winterkorn himself was already in May 2014. a note of irregularities in the engine EA189. Whether he has taken note of them, but is not documented according to VW.

Osterloh called for a new beginning. The general aim was to secure re the “moral foundations of our company,” he said in a speech in the parliament of Lower Saxony in Hannover. “That is not possible without the recovery of confidence -. The our customers, our workforce, but also of politics and society” VW was “taken very from own pace of growth” in recent years, perhaps “too much from its own success impressed”. “Perhaps we have overlooked that not every problem can be engineer-moderately treated,” said the council boss.

The “Bild am Sonntag” had reported, citing interrogations of law firm commissioned by VW Jones Day, Winterkorn have read the note in his own words at the time. The former VW chief financial officer and current supervisory board chairman Hans Dieter Pötsch support had on September 8, obtained in 2015 knowledge that the carmaker US authorities conceded against a fraud software.

Volkswagen now wants the many shareholder lawsuits in the wake create the exhaust affair with a focused collection process in court quickly from the world. For this purpose, the Group made itself an application for a so-called design proceedings before the Higher Regional Court of Braunschweig. In the second half of April VW wants to inform the public about the status of previous internal investigation and intelligence work.

Porsche SE supervisory board

VW board

Press release of the Group of Wednesday evening

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