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Posts Tagged ‘vw management shake-up’

More VW Managers Head for the Exit

PR and design chiefs among the latest to go.

by on Nov.10, 2015

Long-time VW design chief Walter Maria da Silva announced his resignation last week.

While it hasn’t turned into the stampede some observers have predicted, there’s a growing line of senior managers at Volkswagen AG heading for the door.

The latest to tender his resignation is Andreas Lampersbach, the head of corporate communications for the embattled automaker. That announcement comes barely a week after Walter Maria de Silva, the well-respected director of design for Volkswagen, handed in his own notice.

Insider!

The departures come at a tough time for the German maker which is struggling to get a handle on a global scandal ignited by revelations it had secretly installed software in 11 million diesel vehicles designed to cheat on emissions tests.

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VW Americas Chief Dodges Bullet

But CEO Horn gets a new boss, and management shake-up expected to continue.

by on Sep.29, 2015

Michael Horn, head of VW of America, was all smiles accepting the North American Car of the Year Trophy for the new VW Golf.

(This story corrects and expands upon an earlier story that had incorrectly reported VWoA CEO Michael Horn would lose his job in the U.S.)

Michael Horn, the head of Volkswagen’s U.S. operations, has dodged the bullet. But while he won’t find himself among the growing list of senior VW executives ousted in the wake of a diesel emissions testing scam, the VW veteran will find himself reporting to a new boss as part of a broader corporate shake-up.

Winfried Wahland, who has been overseeing Volkswagen AG’s Czech-based Skoda brand, has been named director of the new North American Region office, and he will take a seat on VWAG’s all-powerful Supervisory Board.

The Journal of Record!

Horn had been expected to lose his job in the wake of the scandal touched off by the discovery that Volkswagen had secretly rigged its small diesel engines to pass emissions tests. On the road, however, the so-called “defeat device” was programmed to permit the engines to produce as much as 40 times the permissible level of smog-causing oxides of nitrogen. (more…)

Amidst Management Turmoil, VW Delivers Strong Earnings

German maker takes a sharp knife to costs.

by on Apr.29, 2015

VW scored a strong hit with the launch of its latest-generation Golf family.

While its boardroom may be racked with turmoil amidst the ouster of its long-time chairman, Volkswagen AG managed to salve investors’ concerns a bit with news that its first-quarter earnings rose 19%, to $3.23 billion.

The maker says it was able to cut costs “in the low triple-digit millions” during the January-to-March period, addressing a problem that had begun to worry analysts – and raise concerns within its boardroom. The maker also benefited from the nascent recovery of the European market which is just emerging from its worst downturn in decades.

Your Reliable Source!

The numbers reported by the 12-brand Volkswagen Group came in ahead of what industry analysts had forecast and, with the maker forecasting continued growth ahead, it could bode well for the post-Piech era.

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VW Chairman Piech Unexpectedly Quits After Clash Over Company’s Future

Militant trade unionist named his acting replacement.

by on Apr.27, 2015

Ferdinand Piech, grandson of VW's founder, resigned as chairman due to a dispute over his successor.

Volkswagen Chairman Ferdinand Piech unexpectedly tendered his resignation over the weekend, capping a bitter battle over the future of the German automaker.

Piech, who has been credited with crafting the growth and acquisition strategy that transformed VW into the world’s second-largest car company, had clashed with other board members over his eventual successor. The 78-year-old Piech had openly criticized VW’s current CEO, and its likely next chairman, Martin Winterkorn.

Global Insight!

The upheaval at Volkswagen appears to bolster the hand of the German unions in running the company – and could alter the trajectory of the company’s drive to become the world’s largest automaker. VW came a hairsbreadth short of dislodging Japanese rival Toyota last year.

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