• Aug 20, 2010
No one could ever accuse the auto industry of having a sturdy long-term memory. According to Automotive News, Volkswagen Group has just been named the most trustworthy company in the German DAX stock index. Sure, Max, that adorable talking Beetle seems like a stand-up guy and all, but it wasn't so long ago that VW ran into some serious legal trouble over its business dealings. Most notably, in 2008, Klaus Volkert, the former head of the company's works council, was sentenced to three years in prison for breach of trust. The courts found that Volkert had received close to $3 million in order to influence votes on significant company decisions. Nothing like good old fashioned bribery to get things done.

Bad? Sure, but it gets worse. Another executive, Klaus-Joachim Gebauer, was found guilty of 40 counts of breach of trust after organizing pleasure cruises for members of the works council. Aside from the usual wining and dining, the cruises featured a full stable of prostitutes with orders to treat the council members "generously." But hey, that was at least two years ago... right?

[Source: Automotive News | Image: Fabian Bimmer/AP]


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    • 1 Second Ago
  • 10 Comments
      • 4 Years Ago
      Best cruise ever.
      • 4 Years Ago
      Simple.
      VW offer a bribe to Deutsche Börse AG.
      German DAX stock index operated by Deutsche Börse AG.
      • 4 Years Ago
      The old automotive slogan: "You're only as good (or bad) as your last month."

      Most people have extremely short memories or frankly "they don't give a damn"
      • 4 Years Ago
      Maybe that says less about VW being trustworthy and more about the others being untrustworthy. And it probably helps to be compared to Daimler.
      • 4 Years Ago
      Volkert & Gebauer should run for Congress...... They would fit right in...
      and probably would win
      • 4 Years Ago
      i thought those emblems were chrome wheels...that would be pretty lame
        • 4 Years Ago
        Thought they were floaters, that'd be even lamer.
      • 4 Years Ago
      anyone know where I can get a hi-res version of the article pic? I like....
      • 4 Years Ago
      The public is easily swayed. One minute they're praising you, the next they're throwing fruit. They are like goldfish who don't know when to stop eating. Sheep, even. The public changes its mind with the direction of the wind.
      • 4 Years Ago
      Anybody with the name of Klaus should be able to do whatever they want.