VW pays fine – ‘biggest loss of economic history’

vw diesel fine

The billions in the diesel affair against the VW Group has been received in the Lower Saxony state treasury.

This said Prime Minister Stephan Weil (SPD) on Wednesday in the state parliament in Hanover. The prosecutor Braunschweig had imposed in the past week, a billion euros fine against the group for breach of duty in the exhaust gas scandal.

“By the way: Justice Minister Havliza told me earlier that the money was received on 18 June.”

Continue reading “VW pays fine – ‘biggest loss of economic history’”

Volkswagen wants full throttle forward – a new era for the largest car maker in the world?


New staff, new goals and new problems at VW. A new era begins for the Volkswagen Group. Herbert Diess, the new CEO, wants to rebuild the world’s largest carmaker into a true mobility group. The most important topics at a glance.

How the pictures are alike. In the middle of the exhaust gas scandal, in autumn 2015, the then strong new men wanted to push through a structural reform at Volkswagen. In the main roles: Matthias Müller, who is now being replaced, and chief overseer Hans Dieter Pötsch. It should be a “new beginning”, “faster” one wanted to be, less controlled from Wolfsburg. And today? The group reinvents itself once again. Müller’s successor Herbert Diess wants to accelerate decisions and give the brands more responsibility.

Works council chief Bernd Osterloh supports the project – forgotten seem the days when both men in the dispute over the “future pact” said austerity package were cross. The changes in detail: Continue reading “Volkswagen wants full throttle forward – a new era for the largest car maker in the world?”