3Flushes wrote: ↑
September 24th 2020, 10:20pm
7 mil American each and they lose money?
They must be real sorry to see 'ol Peichy go.
Probably. I would expect they were particularly sorry about how he left a steaming pile of crap on their collective desks with what is now lamely referred to as DEISELGATE!
(Which, by the way, many years ago even my youngest daughter exclaimed out loud, “...you can’t just add the word ‘gate’to everything to make it sound like a scandal!” But, in fact, you can
He was und über dick who many admired, but few loved. In 2017, apparently just to stir up shit, he stuck his nose back into fray to accuse other employees of doing nothing for two years after they became aware of the clever fraud (that most understood to be initially developed with his supervision and guidance
“ Piech’s own role remains unclear. According to the U.S. Department of Justice — and signed off by VW — the cheating roots back to at least May 2006. Piech ousted Winterkorn’s predecessor as VW CEO, Bernd Pischetsrieder, that year. The departure came several months after VW shot down talks over a far-reaching alliance with Daimler AG which would have given VW access to its German peer’s diesel technology, people familiar with the matter said last month.
Piech’s authoritarian management style and thirst for acquisitions helped Volkswagen grow from a struggling manufacturer into a global automotive powerhouse that outsold Toyota Motor Corp. last year to become the world’s biggest carmaker.
The exact reasons behind the fallout between Winterkorn and Piech remain unclear. While the two engineers shared an obsession with detail and had worked together closely for decades, Piech started to publicly challenge the CEO in 2015 and dismissed him as a potential successor to the chairmanship. The spat continued even after other board members backed Winterkorn.”
https://www.industryweek.com/the-econom ... er-scandal