More in Management & Strategy

  • Newswire

    Diesel Scandal Casts Gloom Over VW's Home Town  

    VW employees arriving for work at the company's huge plant in the northern German town of Wolfsburg on Friday were hoping a new chief executive could start to stabilize the company....More
  • Newswire

    VW CEO Shuffle Too Hasty for Some as More Bad News Feared  

    With European regulators yet to say what they plan to do about the scandal, the prospect of more fines and the likelihood of having to pay compensation to customers means some investors feel CEO Martin Winterkorn may have left too soon....More
  • Sep 24, 2015

    No Easy Way Forward for VW Post-Dieselgate 3

    Coming back from the scandal will take resolve, patience, a big strategy shift and an awful lot of money....More
  • Newswire

    VW Firing U.S. CEO, Audi, Porsche R&D Chiefs  

    A highly placed source says the automaker is dismissing U.S. chief executive Michael Horn and Ulrich Hackenberg and Wolfgang Hatz, respectively the R&D chiefs of Audi and Porsche, amid the scandal over rigged emissions-test results....More
  • Newswire

    CEO Winterkorn Out Amid VW Emissions-Fixing Scandal  

    Martin Winterkorn is stepping down as VW chief executive after eight years to provide the automaker, rocked by the discovery that emissions tests were rigged to meet U.S. standards, with what he calls "a fresh start."...More
  • Newswire

    WRAPUP 2-Volkswagen chief faces grilling by board over diesel scandal  

    (Adds source, analyst comments, detail, background, shares) * Board committee grilling CEO Winterkorn over scandal * Expected to make recommendation on his future * Full board meeting scheduled for Friday By Andreas Cremer BERLIN, Sept 23 (Reuters) - Volkswagen Chief Executive Martin Winterkorn faces a reckoning with his board on Wednesday, summoned to explain the falsification of U.S. emissions tests in the biggest scandal in the 78-year history of the world's largest carmaker....More
  • Sep 22, 2015

    VW’s Deception Hurts Entire Auto Industry 10

    This action is so cynical, brazen and devious it has left even VW’s biggest supporters feeling betrayed....More
  • Newswire

    Volkswagen Denies CEO on Way Out  

    A media report that Chief Executive Martin Winterkorn will be replaced as VW grapples with allegations of falsifying emissions tests is "nonsense," a spokesman says....More
  • Newswire

    VW Rolls Back Guidance as Emissions Scandal Unfolds  

    The automaker will set aside about €6.5 billion to cover costs related to the fallout from allegations it falsified results of emissions tests of its diesel models in the U.S. and other markets....More
  • Newswire

    Johnson Controls Cost Cuts to Include 3,000 Layoffs  

    The Tier 1 auto-parts supplier says it expects to save up to $250 million a year by cutting 2.5% of its total workforce over the next two years....More
  • Newswire

    VW Taking Q4 Charge for Brazil Restructuring  

    Chief Financial Officer Hans Dieter Poetsch tells analysts VW expects to take a triple-digit-million-euro provision for fourth-quarter restructuring in Brazil....More
  • Newswire

    GM Settles Ignition-Switch Criminal Case for $900 Million  

    The settlement ends a federal criminal investigation into the automaker's response to defective ignition switches linked to 124 deaths....More

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