VW chief in surprise resignation

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Wed 8 Nov 2006 11:14
VW chief in surprise resignation - Altea Ego
Volkswagen chief executive Bernd Pischetsrieder is to step down from his post at the end of the year.
Martin Winterkorn, head of the German firm's Audi unit, will take over the post, the company said.

Mr Pischetsrieder's decision to resign comes as Europe's biggest carmaker is in undergoing a tough restructuring drive that involves 20,000 job losses.



full details news.bbc.co.uk/1/hi/business/6126960.stm
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TourVanMan TM < Ex RF >
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Wed 8 Nov 2006 11:20
VW chief in surprise resignation - Citroënian {P}
bye bye Herr Fishtrousers - That must have been some letter you sent about the Tourvan's brake light battery fiasco, RF.


-- You know, it\'s not like changing toothpaste
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Wed 8 Nov 2006 11:40
VW chief in surprise resignation - Altea Ego
According to DHL the horses head arrived yesterday morning
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TourVanMan TM < Ex RF >
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Wed 8 Nov 2006 12:10
VW chief in surprise resignation - f2
As Christian Strieff (fomerly of Airbus) is now in charge of Peugeot can we expect to see a double decker replacement for the 407SW; with the doors being built in the UK and shipped to France for final assembly. Oh and a slight (ahem) delay in delivery times...

f2
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Wed 8 Nov 2006 12:29
VW chief in surprise resignation - rtj70
"Oh and a slight (ahem) delay in delivery times..."

Would you buy a Peugeot with wiring problems.... :-) Someone will no doubt say they already do.
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Wed 8 Nov 2006 12:42
VW chief in surprise resignation - type's'
I also read that Mr Piech was fighting hard to get Porsche's top man in charge of VAG.
It will be interesting to see how this develops.
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Wed 8 Nov 2006 13:08
VW chief in surprise resignation - Red Baron
Suggestions are that he left as his decision making process was too slow. This is seriously bad for the greater good of a company in a dynamic market such as cars. I think the guy from Audi will take over initially.
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Wed 8 Nov 2006 14:04
VW chief in surprise resignation - Lud
...and a slight (ahem) 500% overrun on costs...
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Wed 8 Nov 2006 15:10
VW chief in surprise resignation - Stuartli
Might have been because he's so fond of the old British Leyland marque names such as Riley.....
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What\'s for you won\'t pass you by
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Wed 8 Nov 2006 17:18
VW chief in surprise resignation - type's'
>>Suggestions are that he left as his decision making process was too slow. This is seriously bad for the greater good of a company in a dynamic market such as cars. I think the guy from Audi will take over initially.<<

The article did state that audi and skoda were propping up the sales figures within the VAG group so that may be why the audi guy got first shout.
We will never really know the reason but I would not be suprised if he also got tired of Piech's control - which is still very influential in the group. I could well imagine some of his decisions were slowed by Piech wanting to act as the control freak and vet everything (purley my specualtion but having read about Piech - he has still not let go of VAG).
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Wed 8 Nov 2006 18:46
VW chief in surprise resignation - Pugugly {P}
rtj - you beat me to it !
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Wed 8 Nov 2006 19:02
VW chief in surprise resignation - madf
there is also a slight matter of major rows over 20k jopb cuts with the unions on the supervisory board...

(Peugoet ahve the same types of problems..)
madf
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