Showing posts with label Volkswager. Show all posts
Showing posts with label Volkswager. Show all posts

Tuesday, September 22, 2015

Volkswagen's Disastrous American Strategy

SEPT 21, 2015 10:46 AM EDT
By Leonid Bershidsky
Bloomberg
Had Martin Winterkorn conceded defeat in his boardroom battle with Volkswagen corporate patriarch Ferdinand Piech five months ago, he would have avoided the disgrace of the company's U.S. pollution control scandal, which earlier today wiped nearly a quarter off the value of VW's stock. Instead, Winterkorn, having recently been given a five-year extension on his contract, has some tough questions to answer.