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Tag Archives: Arno Antlitz
Pablo Di Si Out at VW Group of America
Volkswagen Group of America effective December 12. Gruner succeeds Pablo Di Si, “who has stepped down from his position on his own request.” It was a short two year stint for Di Si. Until Kjell Gruner* takes office, Gerrit Spengler, the chief human resources officer of Volkswagen Group of America, will perform the function of interim CEO. So car guy out, Human resources in.
Yes, that’s right Human Resources is running a car company. It’s just the latest example of the chaos at VW globally as three plants are shutting in Germany and VW and Audi models are being dumped, and its plan to sell Scout vehicles directly is legally under attack by dealers. During the first nine months of the year, 769,000 vehicles were delivered in North America, an increase of more than 7% compared to the previous year. In the main US market though, the Volkswagen Group grew by only 1.5%. Continue reading
Volkswagen Group 2024 Results Drop Significantly
Volkswagen Group said today that 2024 operating result declined significantly to €3.9 billion, mainly due to restructuring expenses related to the site in Brussels and residual value effects, as well as intense competition and the current model offensive. The operating Margin was a scant 6.0%. Continue reading →