By on October 7, 2015

600_DB2009AL03630

Volkswagen’s supervisory board confirmed its appointment of Hans Dieter Pötsch to its top seat during a scandal rocking the 78-year-old automaker, the company announced Wednesday.

Pötsch said he would continue the investigation as chairman:

I will do my utmost to uncover the full truth of what happened. I am firmly resolved to make my contribution so that Volkswagen can win back the trust of customers, the public, investors and business partners. And I believe my central task is to play my part in guiding Volkswagen towards a successful future.

Pötsch said Volkswagen’s investigation would take “some time” to clear up.

“Nobody is served by speculation or vague, preliminary progress reports,” Poetsch said, according to Reuters (via Automotive News).

Pötsch was Volkswagen’s chief financial officer before the board tabbed him to succeed interim chairman Berthold Huber. Pötsch was VW’s CFO for more than a decade, after leaving German engineering firm Durr AG, according to the automaker. Pötsch started his automotive career at BMW in 1979, working up to head of group controlling before he left in 1987.

Pötsch is seen as a neutral chairman with knowledge of the automaker’s day-to-day activities.

Get the latest TTAC e-Newsletter!

Recommended

13 Comments on “Volkswagen’s Board Confirms New Chairman, Wishes Him Good Luck on Difficult First Day...”


  • avatar

    He’ll need it. ‘Autopapst’ Herr Professor Dudenhöffer estimates that the total costs can run into the 60-70 billion euro for Volkswagen, that is excluding loss of sales because of people walking to a competitor.

  • avatar

    “I will do my utmost to uncover the full truth of what happened.”

    WHAT HAPPENED – you got screwed by environmentalists who caught you trying to cheat their overzealous liberal bullying.

    It’s like seeing schools trying to cheat tests designed to fail them – in order to break their unions and make them Charter Schools. I really don’t blame the schools.

    Getting caught is a matter of chance.

    Eventually the greeners will figure out that electricity doesn’t grow on trees.

    When THE SHEEPLE are herded into Priuses, Teslas and Leafs and forced to organize their schedules around their car’s charging times…I’ll still be out there doing burnouts.

    • 0 avatar
      BDT

      Reading your posts is kind of like watching the dinosaurs go extinct right in front of me. It’s actually pretty entertaining.

    • 0 avatar
      SCE to AUX

      The other mfrs were able to meet the requirements. VW chose not to. You really can’t blame the greenies.

      Electricity doesn’t grow on trees, but it’s a lot cheaper to fuel a car with.

      When I had my Leaf, it wasn’t difficult to organize my schedule around its charging times, because those were in the middle of the night. A Tesla would be even easier to live with.

    • 0 avatar
      bigduckseriesreview @ yuutoob

      When THE SHEEPLE are herded into Priuses, Teslas and Leafs and forced to organize them Charter Schools. I really don’t blame them Charter Schools. I really don’t grow on trees. When THE SHEEPLE are herded into Priuses, Teslas and Leafs and forced to organize their schedules around their car’s like seeing schools trying to cheat tests designed to fail them – in order to break their car’s charging to cheat their overzealous liberal bullying. It’s like seeing schools.

    • 0 avatar
      hgrunt

      What will actually happen in the future: Sheeple won’t own cars. They hail a self-driving car to take them somewhere. With an entire fleet of self-driving, always available, autonomous electric cars, there’s no need to worry about charging times or schedules.

      When your tire blows from doing burnouts, sheeple will gather and stare at you curiously, while you gut your entire trunk in a fit of rage, looking for the spare tire that isn’t even in the car.

  • avatar
    SCE to AUX

    “This is the time on Sprockets when we dance!”

  • avatar
    Von

    Isn’t this more or less what GM did with their (then) new CEO? Here’s a promotion for you, oh and part of the job is cleaning up the mess we just made. GOOD LUCK!

    Actually, pretty standard in the corporate world these days.

  • avatar

    So far, I have received a post card from a class action lawyer, and a letter from the President of VW USA apoligizing for a breach of trust.

    • 0 avatar
      johnny ro

      I got a form letter from Audi USA because I own a 2010 A4 2.0t.

      I am an extremely likely repeat VAG customer, statistically.

      I was advised diesels among us would be contacted directly by live feed.

      Audi USA is blameless in this as far as I can tell.

      I do not now want any VAG diesel. The reason is EPA requirements, not VAG.

      Yes please, figuratively speaking, hang, draw and quarter the lying faithless EVPs who signed on this. Heads on spikes along Dieselstrasse, Wolfsburg. Or Porsche Street?

      Then revisit GM And Ford and others who killed real people, not figuratively.

      Spare their immediate families, but bar them from B-school.

      1.8t Golf beckons. The A4 2.0 Tdi 6mt beckoned formerly.

  • avatar
    straight6totheend

    Even more potential for new lawsuits. As VW’s own legal dept said rushing this guy in is ‘playing it pretty close to the chest’. He can’t go through the otherwise mandatory 2 year cool-off period that all chairmen of the board have to go through. He’s not elected by the shareholders and instead just put in polit-bureau style. General meeting of shareholders also postponed until next year.

    European and especially American suits are gonna be all over this along with everything else they’re all over already.

    That being said I truly do enjoy seeing this manufacturer of endless heart-and-soulless autocars, the granite vampire squid of the auto industry hit the fan.

Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • Dan: Tesla has received close to three billion dollars in carbon credits from the manufacturers of normal cars. Where...
  • Inside Looking Out: Considering German fascination with everything mechanical, e.g. using vacuum pipes instead of...
  • dusterdude: Looks ok, but I think price point is about $30K too high
  • Inside Looking Out: I wander. No, I wonder what Peter thinks about Farley risky racing?
  • Ryan: I liked the Countryman and then I drove two…. Sadly, after a bit of wheel time – I agree with you....

New Car Research

Get a Free Dealer Quote

Who We Are

  • Matthew Guy
  • Timothy Cain
  • Adam Tonge
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber