Welcome to the North American Subaru Impreza Owners Club Tuesday November 21, 2017
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads. 
Thread Tools Display Modes
Old 11-13-2006, 08:30 AM   #1
Scooby Guru
Member#: 5126
Join Date: Mar 2001
Location: www.nugateway.com
Default New Volkswagen CEO (Martin Winterkorn) Plans Brand Shake-Up

New Volkswagen CEO (Martin Winterkorn) Plans Brand Shake-Up


FRANKFURT (Reuters) - Incoming Volkswagen Chief Executive Martin Winterkorn will shake up the group's brands to stop duplication and internal competition, Spiegel magazine said on Saturday ahead of publication on Monday.

The magazine said in an advance summary of a report that Winterkorn planned to create a special premium brand group including Audi, which he currently heads, Bentley, Bugatti and Lamborghini and a mass brand group including Volkswagen, Seat and Skoda.

In a second step, the roles of executive board members would be recast, including creating a central post for a development chief.

Spokespeople for the Wolfsburg-based company declined to comment on the report on Saturday.

Winterkorn will take over as CEO of Europe's biggest carmaker at the start of 2007 should the full supervisory board agree this at a meeting on Nov. 17.

Volkswagen surprised markets with news on Tuesday that current CEO Bernd Pischetsrieder would go at year's end.

Pischetsrieder on Nov. 17 is due to announce that between 3,000 and 4,000 jobs would be cut at the VW plant in Brussels, the magazine also said.

Spiegel also said that if Winterkorn was confirmed in the new post, current Audi CFO Rupert Stadler would succeed him at Audi on an interim basis.

But Wirtschaftswoche, another German magazine, said in an advance copy of its Monday edition that Audi's head of development, Ulrich Hackenberg, was in line for the job.

Winterkorn's planned installation as CEO was endorsed by VW's works council boss, Bernd Osterloh, in an interview with the Welt am Sonntag newspaper.

Winterkorn had "excellently positioned Audi in the market," Osterloh was quoted as saying in an advance copy of the newspaper, which will appear on Nov. 12.

"That can only be good for our image," said Osterloh.

German magazine Focus said in an online report that VW Chairman and former CEO Ferdinand Piech had asked Pischetsrieder to step down in a letter sent several weeks ago, adding that Piech was contacted by Focus and had declined to comment.

Comment about the impending changes at the top of Volkswagen has focused on whether Piech, a grandson of legendary VW Beetle developer Ferdinand Porsche, was interfering in management.

There is also discussion over whether differences about strategy for the group's commercial vehicles business or the extent of its support for German truckmaker MAN's contested bid for Swedish rival Scania were factors in Pischetsrieders's departure.
* Registered users of the site do not see these ads.
NYCshopper is offline   Reply With Quote
Sponsored Links
* Registered users of the site do not see these ads.
Old 11-14-2006, 05:35 AM   #2
Scooby Guru
Member#: 14611
Join Date: Jan 2002

Incoming Volkswagen Chief Executive Martin Winterkorn will shake up the group's brands to stop duplication and internal competition
Wow! Brilliant!
Hazdaz is offline   Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
New Honda CEO wants to speed up rollout of hybrid cars AVANTI R5 Non-Subaru News & Rumors 9 07-16-2009 11:58 PM
FS: BRAND NEW 17x7 A-Tech Erasor bronze w/ NEW 235/45/17 falken ziex - $700 picked up kenny08 SCIC Private Classifieds 14 07-06-2007 04:23 PM
Workers at Belgium's Volkswagen plant approve restructuring plan NYCshopper Non-Subaru News & Rumors 0 02-27-2007 07:33 PM
Volkswagen CEO Pischetsrieder steps down NYCshopper Non-Subaru News & Rumors 9 11-09-2006 08:27 AM
Volkswagen CEO doubts he could find SEAT buyer NYCshopper Non-Subaru News & Rumors 3 10-18-2006 09:56 PM

All times are GMT -4. The time now is 07:23 AM.

Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2017 Axivo Inc.
Copyright ©1999 - 2017, North American Subaru Impreza Owners Club, Inc.