Published today 9:18
Berlin.
the decisive moment comes. The six people in the VW Board Presidium meeting today to decide on CEO Martin Winterkorn Korn’s future.
the decisive moment comes. The six people in the VW Board Presidium meeting today to decide on CEO Martin Winterkorn Korn’s future.
Six days have passed since the Chairman and koncernpatriarken Ferdinand Piëch uttered their annihilated the words: “I disagree Winterkorn.”
Some immediately took a stand for Winterkorn, including trade union representative. Throughout the week, however, these voices silenced.
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Probably the 67-year-old Martin Winterkorn soon as a former CEO – unable to continue on the line without having the Chairman’s trust.
morning came the news that the Group Board Bureau will meet today. The Bureau consists of Piëch, Wolfgang Porsche from the owner family, Berthold Huber of the union, IG Metall, Berndt Osterloh and Stephan Wolf VW tray and Stephan Weil, S-marked head of government in the state of Lower Saxony, whose shareholding constitutes a blocking minority.
In less than three weeks is the General Meeting of Hannover and then you have the issue of Winterkorn be solved.
There have of course already speculated successor, the hottest name seems to be the Porsche boss Matthias Müller, who once made the Porsche at an extremely profitable company.
No one knows definiteness why Ferdinand Piëch suddenly renounced Martin Winterkorn, long seen as Piëchs Crown Prince and has operated in the Group for more than three decades.
During the Winter Barley eight years, both turnover and profits doubled and the VW Group can this year go about Toyota as the world’s largest vehicle manufacturer.
Winter Barley weak point is the car brand Volkswagen. Volkswagen has not succeeded in the important US market and the general profitability is fairly lousy – two percent of sales.
Despite the fact that Volkswagen manufactures the most cars were the brands Audi, Porsche and Skoda, which last year accounted for three quarters of the profit of 12.7 billion euros (about 100 billion).
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