Tag: Germany

By on March 23, 2012

Leaked plans of GM doing the math on plant closures at Opel enrage Opel’s labor leaders. They already had been miffed by GM’s unwillingness to come to the negotiating table. Now they feel blindsided by math by math exercises at GM that involve the closure of Opel’s Bochum plant, the plant in Ellesmere Port, or both. (Read More…)

By on March 23, 2012

In a surprise attack, the UAW has taken the first formal steps to unionize Volkswagen’s U.S. factory in Chattanooga. In what Reuters calls “an escalation of its effort to establish a foothold outside the Detroit automakers,” the UAW started passing out authorization cards for workers to sign. According to U.S. labor laws, the union needs signatures from at least 30 percent of the workers of a plant before a representation election can go ahead. The UAW’s timing could not have been worse. (Read More…)

By on March 22, 2012

Looking for a way to stop the chronic bleeding of money at it notoriously loss-making Opel division, GM has been crunching numbers to see what it would cost to close one of its European plants. Bad news for GM stockholders: Relief won’t come cheap, and it won’t come soon. (Read More…)

By on March 21, 2012

Volkswagen received a legal black eye from its estranged Japanese partner Suzuki. Volkswagen had taken a silly trademark fight all the way  to the General Court of the European Union, and lost today, Reuters says. This is unrelated to the divorce proceedings between Volkswagen and Suzuki, but it definitely comes at an inopportune time. (Read More…)

By on March 20, 2012

We shall not be moved to pay €265m. Picture courtesy stern.de

With GM wanting to have a turn-around plan for its money-losing Opel division in a couple of months by summer, one would think there is at least some sense of urgency. Opel’s workers thought the same – until management rebuffed repeated attempts to sit down and talk. Opel labor leader Wolfgang Schaefer-Klug said management was not being “responsible” by rejecting the repeated efforts for negotiations, Reuters reports. (Read More…)

By on March 20, 2012

The EU Commission in Brussels made good on its threat to drag Germany in front of the European Court of Justice. According to Automobilwoche [sub], Brussels has filed suit in Luxemburg. Brussels demands that the “special treatment” for Volkswagen is to be dropped. If the suit is successful, and if Germany remains obstinate, then a penalty of at least €46.6 million ($62.2 million) is demanded. The fine would have to be paid by the German government, not by Volkswagen. (Read More…)

By on March 16, 2012

A lover of a former Volkswagen labor leader has been charged for aiding in breach of trust over her role in a bribery scandal, Focus Magazin reports. The scandal had rocked Volkswagen, destroyed the image of the German metalworker union IG Metall, and aided in toppling the center-left government of Gerhard Schröder in 2005.

According to prosecutors in Braunschweig, a 47-year-old woman from Brazil received €250,000 euros ($327,000) under sham contracts between 2002 and 2005. It is also alleged that she billed Volkswagen for travel costs and language courses, totaling €100,000 ($130,000.) The woman was not identified, but anybody who has been close to the upper echelons of Volkswagen in those days knows that it can’t be anyone else than the buxom Brazilian Adriana Barros. (Read More…)

By on March 15, 2012

Daimler has attracted the wrath of Wikipedia. An anonymous Wikipedia editor had “corrected” a harmless entry about Daimler’s lobbying activities. The edit was caught. The IP address was traced back to “a server of Daimler AG,” writes Der Spiegel.  All hell broke loose. (Read More…)

By on March 14, 2012

Chinese media has written for a while that Volkswagen and its Shanghai joint venture with SAIC will do a new “Chinese” brand called “Tianyue” by the Chinese, or “Tantus” by the longnoses. Only Carnewschina did some research and tells us what those names really mean. Careful, do not read on if you are offended by “mature” content, or could be fired for reading such. (Read More…)

By on March 13, 2012

When I started working for (not at) Volkswagen in the 70s, they talked about adding many brands, all the way “from MAN trucks to a motorcycle.” 40 years later, Volkswagen finally has MAN. And it might soon have that motorcycle wish fulfilled. (Read More…)

By on March 12, 2012

The podium was all smiles when Volkswagen reported an unheard-of profit of €18.9 billion ($24.8 billion) before tax, which turned into €15.8 billion ($20.7 billion) after the taxman got his €3.1 billion share. When Volkswagen announced this today in the annual results press conference, there was one man who grinned even more than anybody else. (Read More…)

By on March 8, 2012

If you are anxious to hear what Opel is going to do to stop the bleeding of money (just in case you are holding GM stock,) then you need a lot of patience. GM Europe CEO Karl-Friedrich Stracke thinks he might have a plan within two to three months. He might have a plan. Setting the plan in motion may take longer. (Read More…)

By on March 7, 2012

While carmakers in France and Italy complain about overcapacities in a declining European market, makers of German premium cars are reporting sales records. After astounding growth at Mercedes, BMW now announces its best ever February. (Read More…)

By on March 7, 2012

 

Two days ago, Volkswagen announced “ambitious new sustainability targets.” The Wolfsburg company promised “30 percent reduction in CO2 emissions during the period from 2006 to 2015,” and “emissions below the 120 gram CO2/km mark for first time in 2015.” Plants of the group are to become “25 percent more environmentally compatible by 2018.”

TTAC ignored the announcement. I know VW quite intimately, and they make these announcements on a regular basis. A lot of the above had already been announced  in 2011.

Our friends at  Hybridcars.com have a different perspective, they think Volkswagen hoisted the white flag in the war with Greenpeace: (Read More…)

By on March 6, 2012

“A stands for attack,” pronounced  Dieter Zetsche, CEO of Daimler Benz, in Geneva, With a quivering stach, Dr. Z unveiled Daimler’s new attack dog, the new A-Klasse. (Read More…)

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