Tag Archives: martin winterkorn

Death of the Diesel: Volkswagen Board Crisis as Three Chairman Indicted in Germany for Stock Market Manipulation

Posted on 24 September 2019 by Ken Zino

As a result, the Supervisory Board of Volkswagen AG hastily convened a meeting, claiming that it was unaware that the indictments were coming since it was allegedly cooperating in the investigation by the public prosecutor. It will also meet again tomorrow to discuss what is company threatening development. Continue reading →

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Contract for Martin Winterkorn, Chairman of the Board at Volkswagen, to be Extended Once Again

Posted on 4 September 2015 by Ken Zino

The Executive Committee of the Supervisory Board of Volkswagen AG unanimously agreed to a resolution for submission to the Supervisory Board at its meeting on September 25, 2015 under which a new contract as Chairman of the Board of Management of Volkswagen AG for a term until December 31, 2018 should be concluded with Martin Winterkorn. Continue reading →

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Air Raid – VW Names Herbert Diess from BMW as Chairman

Posted on 9 December 2014 by Ken Zino

Diess is currently the Member of the Board of Management of BMW AG responsible for Development. There is no love lost between the two companies, particularly over the competing BMW and at VW, the Audi and Porsche brands. Continue reading →

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Volkswagen Group Posts Record 2011 Results – €11.3 billion

Posted on 12 March 2012 by Ken Zino

Consolidated operating profit rose to a record €11.3 billion, an improvement of €4.1 billion compared with 2010. This profit does not include the Group’s €2.6 billion (€1.9 billion) share of the operating profit of its communist-government-required Chinese joint ventures. These companies are accounted for in the financial result, which rose by €5.8 billion to €7.7 billion last year. Operating margin improved from 5.6% to 7.1%. Continue reading →

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Volkswagen Board Extends Contract of CEO Martin Winterkorn

Posted on 3 January 2011 by Ken Zino

The Supervisory Board of Volkswagen AG unanimously extended the contract of Management Board Chairman Prof. Dr. Martin Winterkorn for another five years until the end of 2016, the VW said yesterday in a statement. Continue reading →

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