Post Tagged with: "martin winterkorn"

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Report: VW CEO expects to earn less this year

Report: VW CEO expects to earn less this year

Volkswagen AG CEO Martin Winterkorn, the highest-paid top manager among Germany’s biggest companies, expects to earn less this year. Winterkorn said that is because the carmaker considers limiting compensation packages. A compensation of 20 million euros ($27 million) would be difficult to explain to the supervisory board, and it would […]

Piech suggests VW will add at least one brand

Piech suggests VW will add at least one brand

Volkswagen AG chairman Ferdinand Piech suggested the company has plans to add at least one brand to the lineup in a bid to become the world’s largest carmaker by 2018. In an interview with German monthly magazine ADAC Motorwelt, Piech said that his children 10 years from now will drive […]

VW Opens Engine Plant in Mexico

VW Opens Engine Plant in Mexico

VW opened a new engine plant in Mexico, part of its North American offensive. After VW unveiled a SUV at the Detroit auto show, a rival for Ford’s Explorer, CEO Martin Winterkorn opened the $550 million engine plant, located in Silao, northwest of Mexico City. “With this new plant, we […]

VW signs agreement with unions on temporary work

VW signs agreement with unions on temporary work

The Volkswagen Group Board of Management, the European Group Works Council and the Global Group Works Council of Volkswagen AG have today signed a “Temporary Work Charter for the Volkswagen Group”. The charter lays down the principles for the use of temporary work throughout the Volkswagen Group. The points covered […]

Tensions Rise Between Fiat and Volkswagen

Tensions Rise Between Fiat and Volkswagen

The rising tensions between Fiat CEO Sergio Marchionne and VW CEO Martin Winterkorn might transform into a showdown. Marchionne and Winterkorn are expected today to take part at a meeting held by the lobby group of the European auto industry at the Paris Motor Show. Over the past months, both […]