Volkswagen may have to cut jobs if the coronavirus pandemic is not brought under control as the carmaker is still spending about 2 billion euros ($2.2 billion) a week, Chief Executive Herbert Diess told German TV channel ZDF. Diess told the Markus Lanz talkshow that the German company, which employs 671,000 people worldwide, was not making any sales outside China and was looking for ways to resume production elsewhere that wouldn't endanger its staff. Demand in China is picking up
German prosecutors said Tuesday they have charged Volkswagen's current chief executive and chairman as well as its former CEO with market manipulation in connection with the diesel emissions scandal that erupted in 2015. CEO Herbert Diess, Chairman Hans Dieter Poetsch, and former chief Martin Winterkorn are accused of deliberately informing markets too late about the huge costs to the company that would result from the scandal, prosecutors in the city of Braunschweig said. The charges, which V
The statement is "considered inappropriate and difficult to comprehend."
How company leaders resolved to create opportunity from disaster — 'if we jump far enough.'
Open to AV investment, but 'we compete in a bunch of areas as well.
This as CEO says it has laid the groundwork to build 50 million EVs.
Volkswagen Chief Executive Herbert Diess traveled to the United States this month to testify to authorities about the carmaker's emissions scandal, German newspaper Bild reported on Tuesday.
The indictment of former Volkswagen CEO Martin Winterkorn has resulted in an interesting arrangement regarding the new CEO's freedom to travel. According to Bloomberg, U.S. authorities have
Volkswagen's first-quarter operating profit fell on Thursday, but optimism over its new chief executive, the carmaker's financial health and lower provisions for the diesel emissions scandal lifted its shares.
Volkswagen directors will meet on Thursday to discuss a far-reaching shake-up of its structure and leadership, in a test of unity for the car and truck maker's often divided management, labor chiefs and other stakeholders.
Volkswagen will give labor leaders a management board seat as part of a broad agreement to win approval for Herbert Diess as the German carmaker's new chief executive, sources said on Wednesday.
BERLIN/HAMBURG — Volkswagen is seeking to replace Chief Executive Matthias Mueller with the head of its core VW brand, Herbert Diess, as part of a broader overhaul of its management structure to boost efficiency, two people familiar with the matter said. VW, still struggling to put its 2015 diesel emissions scandal behind it, said earlier on Tuesday it could replace Mueller as part of a management revamp. The shares jumped on the news and were up 4 percent at over 170 euros
"In many places we are still too slow, too bureaucratic and too hierarchical."
It's all in the name of "Volkswagen: Moving People Forward."
VW has until March 24 to come up with a fix for its diesel emissions scandal in the United States. Apparently, they might not make that deadline.