Milan – “Volkswagen will never be the same”: it was enough that he said the German Finance Minister, Wolfgang Schaeuble, the hawk throughout Summer held in check Greece, because top management annunciassero immediate action. Just today, in fact, the supervisory board of the Wolfsburg announced that it has begun consideration of a number of steps to get to a quick cost cutting. numbers. In Italy 648 458 vehicles of the group that will be called “maintenance” after the scandal emissions rigged. The calls relate to vehicles equipped with diesel engines EU5 type EA 189: 361 432 Volkswagen; 197,421 Audi; 35348 Seat; Skoda 38,966 and 15,291 commercial vehicles. In Spain cars rigged in circulation 683,626. Stop at the factory. Among the steps being considered by the leaders there is also the stop of any plants to avoid a downgrade by the rating agencies, which would raise the cost of financing, making difficult the remedial measures after the scandal emissions rigged. On the other hand while the title back in the red after the rebound on the eve of the rating is the first real concern of the members of the supervisory board. The first measure concerns Salzgitter an engine factory where he was eliminated a shift work orgnizzato earlier to cope with the growing demand. Australia. Also because the grits for the group are just beginning. Having announced its intention to withdraw about 100 thousand cars in South Korea, today came the announcement of the Australian authorities who think fine of up to 1.1 million Australian dollars (700 thousand euro) each installed device rigged by Volkswagen to falsify emissions data anti-smog. The Australian authority is waiting by the German company the exact number of cars involved in the country, but he explained that “this investigation is a priority.” If the measure sprang shut for all 50,000 VW cars circulating in Australia affected the fine could reach up to 35 billion euro. That is why even in sight of the big lure 11 million vehicles faced by the German company – and its costs – the German company will do everything to defend the rating. Analysts. For the time being on the table there is the possibility of a sale of assets: the Group has set aside in the accounts of the third quarter, a sum of 5.5 billion EUR to cover the costs, but according to analysts Bernstein “if cash costs exceed 10 billion euro, a capital increase would be highly likely.” The renewal. Inside the group, meanwhile, continues the renewal: the ‘clan’ Porsche-Piech family, which holds the majority of voting rights in VW, is pushing hard because the head of the group’s finances, Hans Dieter Poetsch, will become chairman of the supervisory board. But his appointment is at great risk, because they are too caught up in the affair. Meanwhile, Porsche has appointed Oliver Blume new CEO, replacing Matthias Mueller, took the helm of the group. Europe. The game then continues at European level. Luxembourg Economy Minister Etienne Schneider coming to the EU Competitiveness Council, which holds the rotating presidency has said there will be “an exchange of views with the Ministers” on the Volkswagen case during the working lunch “and especially with the German one, to see what is its point of view and what Germany wants to do and what the Commission propose to prevent “rigged emissions in the future.
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