After exhaust affair: “Significant reduction” of VW bonuses – shz.de
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If a “qualified coverage” for VW-exhaust affair for April 22 announced: Prime Minister of Lower Stephan Weil
Photo.: Holger Holle man
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Hannover / Wolfsburg | Volkswagen top managers should refrain because of the exhaust scandal on a considerable part of its lush bonuses. The Supervisory Board considers the Board agreed that “are given the current situation of the company set an example also when it comes to board remuneration must”, said Lower Saxony Prime Minister Stephen Weil am Wednesday in parliament in Hannover. Thus, the SPD politician confirmed statements from consolidated districts through which the German Press Agency had reported on Tuesday night
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The exhaust scandal has plunged the German carmaker into a deep crisis worldwide. Billions claims could come to the group.
For the exact height of a "significant reduction in the variable remuneration" there was initially no details. Media reports talk of a capping by up to 30 percent. The exact design is still pending - for example on the issues, whether it is an once-voluntary renunciation or in which salary components control (bonuses, long-term incentives) engages in detail
It was necessary in the debate on. Bonus payments account "and the expectations amongst the public," said Weil. It would still different models discussed: "I ask for your understanding in these discussions not to be able to anticipate." The question will deal with the Supervisory Board at the meeting on Friday of next week
Photo: dpa Infographics
Then it should on the handling of the interim report of the US law firm Jones Day on the question of guilt in the exhaust gas affair to be decided. "Regardless of the investigation leading to judicial authorities in the United States and in the Federal Republic, for the meeting of the VW supervisory board on April 22, the qualified coverage provided" Weil said. "In this context, will be then are also fashion a informing the public."
The group had promised a "reporting for clarification of their motives and responsibilities of the exhaust issue" for the second half of April. It is unclear what form this should be done. To what extent shareholders and the public are informed, is as uncertain as answers to the question of whether and to what extent parts of the interim report of cost.
The FDP in Lower Saxony called for the establishment of a neutral, unvorbelasteten chief spotter when working up the scandal. Economy Minister Olaf Lies (SPD), who, like Weil's VW-overseer, warned to make the affair a big public show
The chronology of the VW scandal:.
September 3
Volkswagen admits to the US environmental Protection agency tampering with emission tests of diesel vehicles a.
September 18
the EPA announced VW have a software used to push test measurements of emissions artificially.
September 22
The Group issues a profit warning and announces billion-provisions for upcoming retrofits on.
September 23
resignation of VW CEO Martin Winterkorn. "Above all, I'm stunned that offenses of this scope within the Volkswagen Group were possible," he explains his step.
September 25
The VW supervisory board appoints Porsche CEO Matthias Müller as CEO and performs other personnel decisions.
September 28
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October 6
council boss Bernd Osterloh and Müller talk at a works meeting in Wolfsburg for employees. Osterloh emphasized previously there were no consequences for jobs at VW.
October 7
Renewed crisis meeting of supervisors, VW finance chief Hans Dieter Pötsch is elected as head of the supervisory body. According to Müller's callback can in January 2016 and start.
October 8
raid at VW. The Braunschweig public prosecutor arranges searches in Wolfsburg and elsewhere. VW US CEO Michael Horn should be the US Congress to answer questions.
10 October
"32"
another software to control emissions become the target of the US authorities. VW emphasizes. This program has nothing to do with the manipulation allegations, it heat catalysts before
October 13th
Because of the high cost of gas scandal wants VW one billion euros less per year than previously planned to invest.
October 15th
the Federal motor Transport Authority (KBA) shall order a mandatory recall of all VW diesel cars with the fraud software. In the whole of Europe have 8.5 million, Germany 2.4 million cars in the workshop. VW had sought a voluntary solution.
October 16th
"32"
the state police (LKA) of Lower Saxony supports Braunschweig prosecutor with a special commission. From Daimler changes board Mrs Christine Hohmann-Dennhardt 1 January 2016 as the new head of Law and Integrity to VW.
October 17
The Volkswagen majority shareholder Porsche SE reported that Winterkorn also his CEO resigns.
October 21
VW stops in EU sales of new cars in stock that still have older engines with the fraud software. Müller emphasized yet there is no direct impact on jobs.
October 22
the Group verifies that the early version of the successor to the scandal engine EA 189 are affected by the manipulation. Investigations revealed that this is not the case, according to VW.
October 28th
the scandal brought to the Group in the third quarter of a billion loss. Before interest and taxes, the deficit amounted to around 3.5 billion euros.
November 2
The VW diesel affair expands. According to the US Environmental Protection Agency also 3-liter engines are now affected.
November 13
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Despite immense costs of the scandal says Volkswagen boss Diess the dpa: "I see no threat to the core workforce. "
November 20
with large 3.0-liter diesel engines in models of VW, Audi and Porsche more cars come to the attention of the US overseer.
November 24
the Braunschweig public prosecutor checks the suspicion of tax evasion in connection with the incorrect CO2 information.
December 2
also the supplier Bosch is under pressure. In the US there is an indictment for alleged complicity in the case VW.
January 4, 2016
the US government goes against VW action for the use of fraud software and climate protection law violations a.
January 11
at the auto show in Detroit announces VW CEO Müller to compensate US customers, among other shopping vouchers.
January 12
The California environmental Protection agency Carb refuses a recall plan of Volkswagen and urges improvements.
January 13
summit meeting of Müller with EPA chief Gina McCarthy.
January 27
early start the recall in Germany: Despite the lack of approval of the KBA first Amarok models are already converted
February 5
VW shifts its annual accounts and annual general meeting. For April 28th and 22nd June, later called.
March 7
"31.5"
to claims by investors rejects VW blame on the former tip to ex-chief Winterkorn. Board Wolfgang Porsche calls the CNN interview, a new culture of dialogue at VW.
March 8
"31.5"
In the internal part of a staff meeting there are massive criticism Diess from the council. According to consolidated districts are to the end of 2017 more than 3,000 administrative bodies at VW omitted.
March 9
According to media reports, the US Department of Justice has extended its investigations on suspicion of bank fraud and possible violations of tax laws in VW. US chief Michael Horn from occurs.
March 15
"33.5"
at the Landgericht Braunschweig sue major investors VW to 3.255 billion euros in damages. The required total there is over 3.7 billion euros. In the financial sector responsible for auto financing and leasing of saving pressure rises. The US star lawyer Michael Hausfeld wants to take action in Germany against VW.
March 16
There are signs that the callback start could delay the trade because of possible increased consumption after retrofitting. In the first German compensation process of a private client judges, the national court that VW the car does not have to take back.
17th March
a report by the Bloomberg news agency, according to VW is negotiating with the US authorities about the device second environmental fund. The subsidy funds in favor of climate-friendly passenger and zero-emission vehicles could be a key to a settlement of litigation with the United States.
13 April.
top managers of the Volkswagen Group waive a portion of their bonus payments .
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created on 13.Apr.2016 | 14:17
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