Jump to content
Create New...
  • William Maley
    William Maley

    As the Diesel Emits: German Transport Minister To Hold Talks With U.S., Volkswagen Puts A Halt On U.S. Restructuring

      The German Transport Minister Heads to U.S., and Volkswagen Puts A Hold On U.S. Restructuring Plan

    The Volkswagen diesel scandal has prompted the German transport minister to meet with the counterpart in the U.S. According to Reuters, Alexander Dobrindt will be holding talks today with Anthony Foxx, the U.S. Secretary of Transportation about the scandal. The report goes on to say that Dobrindt hopes to meet with officials from the EPA.

     

    That's not all that is taking place in the U.S. for Volkswagen. Another report from Reuters says the company has put plans of overhauling the management and overall strategy for the U.S. on hold till they deal with the litany of lawsuits and penalties.

     

    "What matters more than anything else right now is to sort out this disaster," a source said.

     

    "If we fail to do that, then questions that are completely different (than the future U.S. leadership) will come up,"

     

    Now one of items that this decision affects is finding someone to take the place of North American head Winfried Vahland, who stepped down a few weeks after being announced to the position.

     

    Source: Reuters, 2

    User Feedback

    Recommended Comments

    Aside from just the issue - the dieselgate...

     

    These modern automotive companies, especially the giants. Their operations are so complicated. Their plans made years, years in advance, and contingency planning is based on the best information available. Sometimes that information itself can be questionable.

     

    So you throw a monkey in the works, and it's likely that VW never expected this to happen; either them really being at fault or really bad control mechanisms to ensure something like this would never happen....

     

    This is gonna be a muddy affair. And VW U.S., really one of the worst performers in recent times in terms of VW's global market presence is going to go through even more tough times.

     

    No wonder all that investor value was lost. And then the estimates of the penalties and fines keep getting revised.

    Link to comment
    Share on other sites



    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.


  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Similar Content

  • Posts

    • Definitely need this as 300 hp in aa 5,000 lb car or whatever these weigh is adequate but not a lot.  I imagine it is easy to go to the Lyriq's 500 hp motors, swap in some better brakes and beef up the suspension a bit.   They should V-series all Cadillacs, especially if selling in China where they have all these 1,000 hp or 1,500 hp cars.
    • This thing is huge, I don't know why it is so big.  Unless they plan to kill off the LS, which they say they are not doing. The interior looks too sparse and boring.  Good that they did hybrid and full EV.   Looks too much like the Camry, and the moldings on the doors look weird.  I am so sick of plastic moldings tacked on doors, why can't car companies just make a metal door without cladding and molding all over it like a 1990s Pontiac.
    • Eron started out as a Legit business, a merger between Houston Natural Gas and InterNorth but then changed under CEO Kenneth Lay into energy trading and utilities, and I agree with you that they did commit fraud on many levels, but the review by the SEC showed that the last few years just before the collapse was when this all happened. So, two companies wanting to become bigger, merge, continue to have success and then move into other areas of possible growth, but due to incompetence by the executives on risky trading and other areas started to inflate profits to hide the trading losses.  The CEO was like a Gambling addict who wanted more and more and yet as he lost, he figured he could hide it till he struck it big and then right side out the company. Sadly, at the expense of so many people he destroyed the company and many employees and investors savings. I have NOTHING against the Technology or the people at Tesla who created very solid Motors, Controller boards and battery packs. My issue is with the person who bought himself a CEO position and the constant lies even now at the quarterly report on what Tesla will deliver. He now hides things, and I suspect the use of AI, Robots, FSD, Robotaxi, etc. are all used to conceal the shaky nature of Tesla. I do suspect Tesla is playing a house of cards and is not as secure as they tend to present. IMHO
    • That is not what Enron was doing. I think you need a refresher on what happened at Enron. Enron committed legitimate fraud to their shareholders in conjuncture with their accounting firm. There have also been MANY regulatory changes because of Enron's fraud. This lead to more checks and balances along with the most notably change in accounting, the Sarbanes-Oxley Act. Look that up and why it came about.  I know you don't like Tesla nor the CEO, but I don't think they are committing fraud. 
  • Who's Online (See full list)

  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search