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This article was published September 25, 2015 at 7:47.
Volkswagen Appoints New summit and continue the clean-up at all levels of the control chain, after the scandal of rigged tests on diesel engines. Today, Matthias Müller, Porsche’s current number one, will be appointed CEO of the parent company Volkswagen to replace the outgoing Martin Winterkorn. He anticipated the newspaper “Handelsblatt” citing two sources close to the company, and it confirmed the agency Bloomberg.
Müller, 62, was mentioned from the start among the eligible candidates for the post of number one. Close to the families Porsche / Piëch, VW shareholder control, and acceptable to the unions, the manager – who has long been at Audi – Porsche was involved with a history of extraordinary success. For now they do not come from Wolfsburg comments, and we must wait for official confirmation today’s meeting of the supervisory board of VW.
The appointment of Müller is critical to fill the gap at the top (with the group that is five months without President); Equally important is the cleaning in place, which is being transformed into a veritable tabula rasa: according to various German media the head of research and development Ulrich Hackenberg Audi (Audi board member) and the head of research and development Porsche Wolfgang Hatz ( who sits on the governing board of the Stuttgart) will leave their place within the today’s session of the board of sorveglianzain past; the two top managers were respectively responsible for research and development and VW head of development engines. Volkswagen did not arrive comment. Hackenberg had come from Audi to Volkswagen in 2007, along with Winterkorn, and is the father of the system of modular platforms, one of the most important technological realization of the German group.
According to Der Spiegel he will be forced to leave the place even Heinz-Jakob Neusser, Hackenberg successor to VW. The agency Reuters, finally, add in the likely victims of the clean-up Michael Horn, Head of the German group in the US. Already the press on Wednesday, on the resignation of Winterkorn heralded “new personal consequences”; now the entire chain of command of the technical sector of Wolfsburg is reset; a move that aims to regain as soon as possible the confidence of markets and customers, but that might icon corresponds to VW in the short term a further penalty than the direct consequences of the scandal.
The scandal, meanwhile, is expanding day after day. Yesterday, the German Minister of Transport Alexander Dobrindt said he was informed that among the 11 million vehicles that have installed the software fraudulent “there are also machines with diesel engine capacity of 1.6 to 2 liters sold in Europe. We will continue to work closely with Volkswagen to understand exactly which vehicles are involved. ” The Ministry of Transport, said Dobrindt, is also investigating vehicles from other manufacturers as part of its investigation into the scandal Volkswagen. The minister has not yet provided the names of companies whose cars have been subject to inspections.
Yesterday the rating agency Moody’s has added to the S & amp; P and Fitch in placing under observation bonds Volkswagen a possible downgrade. Bad news could also arrive from London, where one of the largest institutional investors in Vw – cited by Reuters – said that “if verificassimo with certainty that we have received by the misleading information, and that this has weighed on our returns, I do not exclude that we would ask the damage. ” The five largest shareholders privileged Vw lost about 1.7 billion euro from last week. Volkswagen shares yesterday attempted a rebound in the morning and then be driven back down from the case BMW; Xetra closed at 112.15 euro (+0.58%).
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