Volkswagen: Tick emissions scandal, attack Google – economy

Volkswagen shareholders, the supervisory board and the executive board did not meet virtually until Thursday. The supervisory board campaigned among shareholders for a comparison with the former directors of the Diesel case. Martin Winterkorn pays 11.2 million euros, ex-Audi boss Rupert Stadler 4.1 million euros. In total, 288 million euros will be donated to the company, coming from civil liability insurers and personal contributions from former managers. “The total damage of over 32 billion euros caused by the diesel problem clearly exceeds the contributions,” said IG Metall and VW supervisory board boss Jörg Hofmann. However, this damage can only be attributed to a relatively small extent to Winterkorn and Stadler.

VW CEO Herbert Diess has big goals for the Cariad software division. “With Cariad, we want to develop the main software alternative to Tesla and Google by 2030,” Diess said at the general meeting. The conversion for e-mobility must be financed by operational activity, the sale of parts of the business is not the center of attention: “We will continue to generate high cash flow to finance the transformation “said Diess. The new “Battery and Charging” business area should help, he said. He reaffirmed the prospect of increasing the operating performance target to eight to nine, down from seven to eight percent previously.

The chairman of the supervisory board, Hans Dieter Pötsch, also provided information on the state of health of the boss of the subsidiary VW Audi, Markus Duesmann. In order to heal the consequences of his Covid 19 disease, Duesmann first went through a two to three week rehabilitation program, Pötsch said. After the summer break, Duesmann can probably “continue to do his job at full speed”.

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