Thomas Sedran, who currently is head of strategy at VW, will assume his new job on September 1, 2018. On Tuesday, Volkswagen named Thomas Sedran as head of its commercial vehicles division. Sedran, who currently is head of strategy at… Read More ›
Volkswagen
Daimler sees its 2018-2019 profit dip due to U.S.-China trade tensions
Daimler has warned, any further escalation in the trade row “would be harmful for all stakeholders”. German luxury carmaker Daimler cut its 2018 profit forecast citing growing signs of import tariff wars between the United Statea and China as well… Read More ›
Audi’s CEO has been arrested
Although details of the reason(s) for the arrest has/have not yet been disclosed, one potential reason could be dieselgate. On Monday, Audi’s spokesman disclosed that Rupert Stadler, its CEO, has been arrested. “We confirm that Mr Stadler was arrested this… Read More ›
Offloading non-core assets will ease VW’s transition into emerging automobile market
Volkswagen’s top management is aiming to transformation the group into a more modern, streamlined company. Although the process is seen as painful, it pays off in the long run. On Friday, the top leader of Volkswagen’s powerful works council said,… Read More ›
Boom times for car sales in the EU and in the European Free Trade countries
Thanks to more business days, car sales are shooting up. According to industry data published on Thursday, in April car sales in the European Union have shot up by 9.6%, led by Toyota, Hyundai and Ford Motors. As per Brussels-based… Read More ›
Volkswagen weighing options to spin-off Ducati and Renk
At a crossroad, VW’s strategic steps could either lead to expanding these businesses or could lead to a spin-off. Looking at efforts aimed at boosting efficiency and becoming more nimble, Volkswagen, Europe’s biggest carmaker, is looking at the cost benefits… Read More ›
VW’s biggest Institutional investor likely to oppose board’s nominees
Volkswagen’s AGM tomorrow promises to be eventful with Hermes EOS saying the nominees forwarded by VW’s board essentially contradicts independent representation in the automaker’s controlling panel and undermines the principles of corporate governance. On Wednesday, Hermes EOS, an investment advisory… Read More ›
Christian Strenger, founding member of Germany’s Corporate Governance Commission calls investors to vote against Wolfgang Porsche’s re-election to VW’s board at its AGM
Although Christian Strenger has a a small stake in VW, as the ex-CEO of DWS, Deutsche Bank’s asset management arm, and being the founding member of Germany’s Corporate Governance Commission, he has a prominent voice. German newspaper Frankfurter Allgemeine Sonntagszeitung… Read More ›
German state authorities expand VW’s diesel emission scandal scrutiny with market manipulation angle
Authorities have already raided 13 offices in VW’s headquarters and have seized documents and electronic files from its computers. WirtschaftsWoche, a German Magazine has reported citing a spokesman from the state prosecutors office as saying, they have started fresh enquiries… Read More ›
Volkswagen’s CEO, Matthias Mueller, pay package soars to $12.47 million a year
Matthias Mueller’s pay package comes in the wake of VW almost doubling its 2017 operating profit despite being weighed down by the U.S. emission scandal. On Tuesday, Volkswagen, EU’s biggest carmaker, reported that it has hiked up its CEO, Matthias… Read More ›
manageria.biz 