Alan_uk
A2OC Donor
FT article today http://www.ft.com/cms/s/0/702f01c6-ebf8-11e4-8604-00144feab7de.html#axzz3YQlWxDU7 both credits and blames outgoing chairman Ferdinand Piëch for VW ills
Yet, from 1993, as CEO and then as chairman from 2002, Mr Piëch recast VW from a lossmaking, unproductive volume carmaker into a profitable, global automotive powerhouse.
Mr Piëch’s engineering talent and perfectionism drove the carmaker to design complex, technically superior vehicles, often regardless of the cost.
Bernstein Research placed three VW Group vehicles — the 1,001 horsepower Bugatti Veyron, the VW Phaeton (for which VW built a bespoke glass factory in Dresden) and the aluminium Audi A2, on its list of the top 10 lossmaking cars of modern times.
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Interesting article re the challenges ahead for the new chairman who ever he/she is.
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