Zoff at the VW-tip: Works Denies Report on dispute with Board – Handelsblatt

If VW is seething

the CEO of Volkswagen core brand Herbert Diess (l.) to the VW group works council chairman Bernd Osterloh loud “levels” have asked the question of confidence.

(Photo: AP)

Hamburg / Frankfurt / Wolfsburg The Bureau of VW -Aufsichtsrates speaks According to insiders, at its meeting on Monday also about the dispute between the General Works chief Bernd Osterloh and Volkswagen boss Herbert Diess. The meeting was planned for some time, said two people familiar with the process. For language would also bonuses, had been on the last reported.

Another point is also the status of the investigations of the US law firm Jones Day, which has been working since autumn it to determine the background and in charge of the gas scandal , In addition, it will go in the session to the financial situation of the Group, which is tense because of the cost of the manipulation of emission values.

On Thursday, the dispute between the works council and the trade board had escalated. In a letter to the workforce Osterloh and six council chairman spoke different VW sites from a “serious problem of trust” between the brand managers and employee representatives. They fear job cuts under Diess who wants to bring the main VW brand with austerity measures on its feet.

The legal construction of VW

• the VW shares plummeted after the outbreak of the exhaust affair, many investors want to recover their losses from the company. Their argument: VW would clearly have informed earlier about the problems because markdowns threatened. Meanwhile, large investors have such actions launched, including the largest US pension fund Calpers and the Sparkassen-fund subsidiary Deka. The asset manager AGI – an alliance subsidiary – is considering participating in a class action. VW reaffirmed its view that it has complied with all obligations.

• Worldwide wish VW driver sue for damages. The Landgericht Bochum ruled in a first German method though that the software manipulations attract no duty to withdraw the cars sold by itself. Some lawyers believe, however, this should be no direction decision. Disappointed VW customers make a depreciation of vehicles contends – as if degrade performance or consumption data through the necessary conversions. However, Volkswagen has repeatedly stated all affected cars were “technically safe and roadworthy”.

• Many firms are courting it, VW shareholders and to be able to represent -Kunden in court. In the US class actions are quite normal, in Germany at least shareholders can apply for a so-called test cases. Here a lawsuit will be settled, at the output then orient other complaints. VW CEO Matthias Müller holds also for a business model of lawyers: “We see the very calmly.” Many motorists in Europe try to make pool their procedures via a Dutch foundation. The US star attorney Michael Hausfeld announced its intention to proceed on behalf of clients and companies in Germany against the company.

• beginning has submitted a lawsuit against the VW US Department of Justice. This involves the manipulation of diesel cars, but the group also trickery and deception in the up of the case are accused. Theoretically threatening, according to the application $ 45 billion penalty and a potentially multibillion dollar payment at the discretion of the court. VW refused to comment, referring to the current proceedings. According to reports, the Ministry now expanded its investigation of the suspected bank fraud and possible tax law violations. Volkswagen’s US chief Michael Horn stepped surprisingly back.

• the Braunschweig public prosecutor determined by the manipulations of nitrogen oxide emissions from now 17 suspects on suspicion fraud and unfair competition. Among still is not a board member. Against least five people is determined since the fall because of possible CO2 misstatements. The allegation is here primarily to tax evasion, because the German road tax strongly oriented on CO2 emissions. The prosecution expects that it will take even longer to return results. VW does not want to comment on the allegations.

had the Volkswagen works council boss Bernd Osterloh previously a report on a further worsening in Armed with Volkswagen boss Herbert Diess rejected. The “mirror” had previously reported Diess asked the powerful boss of employee representation in an interview whether he should leave his post.

Top Manager of the VW Group reported a statement by the “mirror” According, Volkswagen brand boss Herbert Diess have against the council asked the trust question. “Should I go” According Magazine Osterloh have denied the

a spokesman for the council disagreed with this view in Wolfsburg on Friday: “this is a hoax , The alleged conversation last Thursday, when Mr Diess Mr. Osterloh said to have asked whether he should go, there has not been. “

All Cheat models of VW the long list of revelation

the climate between Osterloh and exchanged just last year by BMW to VW Diess is considered extremely burdened. The council accused the manager only this week in a letter to the staff before trying to use the diesel affair for austerity at the expense of German employees.

The dispute is loud magazine on Monday also subject in Presidium of the Supervisory Board. Diess, who joined in the summer of 2015, VW will make the VW brand again profitable. In October he announced an austerity program.

It provides, inter alia, the investments for the core brand per year shall be reduced by one billion euros. no job cuts among temporary workers on the other hand

– job cuts in the core workforce graduated Diess far from.