VW manipulated world measurement data at eleven million vehicles in Germany alone, the Group must recall 2.4 million diesel cars. The leadership of the group knew well before the manipulations in the United States, as initially added
The facts:. Michael Horn, US reaches head of Volkswagen and the flue gas crisis inglorious fame, is leaving the company. (9.3 / 22:37) The exhaust gas crisis at Volkswagen will soon arrive in the management of the Group: Every tenth point will be deleted, it is said from the group’s circles (10.3 / 12:45). In addition, Volkswagen is said to have his cheating software or updated, as the US authorities the companies were on the trail already. (10.3 / 20:40)
No solution to executive compensation in VW Bureau
12:58: have The members of the Volkswagen-Bureau as expected, not even able to agree on a system for the controversial bonus payments to corporate executives on Monday. “The executive compensation are the subject of ongoing discussions in the VW-bodies, whose results can and I do not pre-empting” Supervisory Stephan Weil said after the nearly three-hour meeting in Wolfsburg the German Press Agency. Until April 28, there must be an agreement. Then, the carmaker plans to present its annual accounts.
The top inspectors from VW, the opinions about the bonus payments vary widely. After dpa information the council, the state of Lower Saxony and the IG Metall in favor because of the exhaust-scandal a significant reduction in the multi-million dollar bonuses. According to reports, several approaches are already on the table. So to CEO Matthias Müller have proposed a reduction of around one third. However, there is within the Board representatives, who insist on full payments in accordance with the contractual agreements.
Other receivables go from a complete waiver to transfer a portion of the bonuses in a foundation. The bonuses are a very sensitive issue for the ailing group. Your height or a possible voluntary ban should not only have a large public signal effect in the vortex of exhaust affair -. The negotiations are closely monitored also by the employees
Lower forces VW board to complete bonuses waiver of
Monday, 11 April 02:51: the state of Lower Saxony strives for media information that the board of Volkswagen because of exhaust affair completely or at least largely on Bonus payments waived. Prime Minister Stephan Weil (SPD) on Monday would prevent the meeting of the presidential by VW in Wolfsburg actually overdue bonuses in the millions, reported “Süddeutsche Zeitung”, NDR and WDR. The state is one of the three major shareholders of VW.
In the Group is expected to an altercation in the Presidium of the Supervisory Board. CEO Matthias Müller is not yet ready only to a partial disclaimer. Müller and some of his fellow board members have in addition to their salaries in the millions are entitled to bonuses of 2.5 million euros and more. This applies even if VW fiscal year should 2015 end with loss due to exhaust affair.
The years 2012 to 2014 according to the development target of the bonus payments were going well for the Group, the gains in made billions and had satisfied customers and employees. Nevertheless be of Lower Saxony’s view because of the exhaust affair high bonuses but anyone employable, neither the population nor the business partners and customers of VW, it was said in the media reports.
According to the “Bild am Sonntag” wants CEO Müller Suggest a cut by nearly a third. This provision would thus the nine board members concern, but in 2015 retired top managers like Martin Winterkorn. “Spiegel Online” reported on Thursday that the top managers of VW would at best accept a reduction in their bonuses.
VW had admitted in September, in around eleven million vehicles of different brands of the group an illegal to have installed software that identifies the pollutant emissions in the test mode to be too low. Worldwide threaten the consolidated high penalties and compensation payments
VW CEO Müller wants bonus cut by 30 percent Suggest
Sunday, 10th April 15:25: in the dispute over bonus payments at Volkswagen CEO Matthias Müller intends to propose a reduction of almost a third, according to a newspaper report. Müller would propose on Monday the Bureau of the Supervisory Board that the Executive Board members in view of exhaust scandal voluntarily 30 percent do without the performance-related earnings, reported the “Bild am Sonntag”. This regulation would the nine board members concern, but in 2015 retired top managers like Martin Winterkorn.
However, According to the “Bild” report, there will be no complete renunciation. Last Tuesday the VW board have debated over the premium payments, wrote the “BamS”. While some managers bonuses currently believed to be inappropriate, others would have insisted on the payment of bonuses. By proposing CEO Müller now wants to end this dispute.
The price of Volkswagen’s preferred shares
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