By on December 1, 2015

 

Deciding that the company’s annual pre-Christmas party wasn’t a great time to be Wetblanket Wildes, the Porsche-Piech clan affirmed that it would be committed to Volkswagen amid its emissions crises (pl.) and said the company that the family-owned company would “master the situation,” according to Reuters.

The Porsche-Piech family, who owns a majority stake in Volkswagen’s parent company, told the automaker’s board and the town of Wolfsburg that the family has no intention of pulling the plug.

“I am firmly convinced that the city of Wolfsburg together with Volkswagen will master the situation and gain further strength,” Wolfgang Porsche said in a statement, according to Reuters. “The Porsche and Piech families stand behind Volkswagen and Wolfsburg as its headquarters.”

Volkswagen has shed billions in value since the company admitted cheating emissions tests in September. Since then, automaker set aside more than $8 billion to help it pay for its diesel- and gasoline-powered cars that flouted emissions tests.

Volkswagen’s newly appointed CEO Matthias Müller said he was on board with staying afloat too because it’s just a good idea.

“We have to reorientate ourselves to stay relevant in the future. For Volkswagen, but also for Wolfsburg, I am confident that this can succeed and will succeed,” Müller said, according to Reuters.

For the small city of Wolfsburg, where most of its 125,000 residents work for Volkswagen, the news was likely a relief.

According to Wolfsburger Allgemeine, Müller met with Wolfsburg Mayor Klaus Mohr to discuss the future of the automaker, who pays more than $318 million into the city’s coffers each year. According to the German newspaper, a similarly sized city in Germany collects less than 25 percent of that sum.

When Volkswagen announced its cheating scandal the city immediately announced a hiring freeze and suspended building projects, according to the newspaper.

Get the latest TTAC e-Newsletter!

17 Comments on “Porsche-Piech Family ‘Stand Behind’ Volkswagen, Town Amid Crisis...”


  • avatar
    panzerfaust

    Shows that the leaders of Wolfsburg have more sense than those of Detroit MI.

    • 0 avatar
      bball40dtw

      Yes, because the City of Detroit and the State of Michigan have never enacted policies or incentivized things that benefited the auto industry…

      • 0 avatar
        28-Cars-Later

        They have too much integrity to pander to the auto industry.

        • 0 avatar
          bball40dtw

          Yes, yes. Mayor Coleman Young had way too much integrity to bulldoze a viable white neighborhood for GM’s Poletown plant, even though he was still angry about one of the most viable black Detroit neighborhoods being turned into a freeway and urban renewal project in the 60s. As a politician, he had way too much integrity.

          • 0 avatar
            28-Cars-Later

            Put a statue of him next to the proposed RoboCop statue with a plaque stating: “INTEGRITY”.

          • 0 avatar
            bball40dtw

            We have the Scott Fountain on Belle Isle that was donated by a dude that nobody liked and the fountain had to feature him. Instead of him being a focal point, the statue of him is off to the side, looking at the grand fountain. JL Hudson said, “Mr Scott never did a good thing for Detroit in his lifetime and never had a thought that was good for the city.” The fountain was recently restored, and is pretty awesome.

          • 0 avatar
            28-Cars-Later

            Funny he’s only been dead for 18 years and served during a major period of the city’s decline (1974-94) yet he gets a statue and not RoboCop?

          • 0 avatar

            Do you really think race was a factor? Coleman carried a lot of baggage about race, but I never saw him as a racist, though he rather cynically used race to stay in power. Young had good working relationships with the powers that be, including GM. I’ve always seen the Poletown project as another one of his monuments to himself.

            What you said about Black Bottom and Paradise Valley / Hastings Street being demolished for freeways and urban renewal is 100% correct, another bit of social engineering that had negative consequences.

          • 0 avatar
            28-Cars-Later

            Let’s clarify something.

            There is a statue called “Spirit of Detroit” in the Coleman A. Young Municipal Center.

            http://historicdetroit.org/building/spirit-of-detroit/

            There is also a statue of James Scott on Belle Isle.

            http://historicdetroit.org/galleries/james-scott-memorial-fountain-photos/

            I am facetiously implying a statue of former Mayor Coleman Young should be erected next to RoboCop with a plaque labeled “Integrity”. I think I was confused in believing there already was one in Belle Isle. So, in Detroit is there already a real statue of former Mayor Coleman Young and if so when was it erected?

          • 0 avatar

            To the best of my knowledge, there are no statues of Coleman A. Young, Mayor, anyplace in Detroit. The City County Building was renamed in his honor and there’s a life size portrait of him outside the City Council chambers (making him look slimmer than he ever did in office). James Couzens, former mayor, U.S. senator and previously the business manager of the Ford Motor Company, has a street named after him. There’s a big bust of Mayor Cobo in Cobo Hall.

            If they do erect a statue to Coleman A. Young, Mayor, I think he should be wearing the HNIC baseball cap he kept in his office.

          • 0 avatar
            bball40dtw

            I don’t know for sure. I read a NYT article that suggested that it had something to do with it or it was a bonus for Young that GM wanted that site. Would Coleman Young have cut off services to the residents of that neighborhood and made it an extremely dangerous place during the demolition (demo by day, looters by night) if it was a black neighborhood? It was a ethnic Polish neighborhood with 3500 people and almost 150 businesses. Surely there was another site in the city that was suitable for GM. I agree with you then. He did it because it played to his base. It was a political win for him with black voters in Detroit.

            In a tie in with one of your articles today, Ralph Nader helped organize Poletown protests.

          • 0 avatar
            bball40dtw

            28-

            I know you were being facetious. The RoboCop statue is in progress.

  • avatar
    daniel g.

    Ohh beasty boys…

    you got to fight
    for your right
    To party!!!

    Yeah the german can dance too…always look the bright side of the life, the side without smoke.

  • avatar

    A historical note: Wolfsburg would not even exist were it not for Volkswagen. It was founded in 1938 as “Stadt des KdF-Wagens bei Fallersleben”, home of the new factory Hitler ordered built to assemble Dr. Porsche’s KdF-Wagen and its military variants. KdF stood for Strength Through Joy, a Nazi run worker’s organization that provided recreational opportunities like the KdF cruise ships that would be used as troop transports in the war (do you see a pattern emerging?). In the case of the prewar Volkswagen car, German workers had part of their pay deducted through the KdF organization and they received a book and stamps for each payment. Theoretically, when the stamp book was full it could be redeemed for a new KdF-Wagen. Historians say it was a scam and no workers ever got their cars.

    At the urging of British occupation forces, who were also responsible for getting the VW car company running after the war, the town was renamed Wolfsburg after a local castle.

    Wolfburg could be considered Germany’s richest city, with the highest per capita income at $128,000/yr.

    Detroit was once America’s richest per capita city, but it might have been less dependent on the car industry than Wolfsburg is. The size of the auto industry tends to obscure the fact that Detroit and Michigan have other industries.

    • 0 avatar
      Jasper2

      “Historians say it was a scam and no workers ever got their cars.”
      So, they are experienced scammers. Guess it’s an accepted business practice. How interesting.

    • 0 avatar
      CoreyDL

      James May covered this VW-scam subject in good detail in his Cars Of The People miniseries.

      http://www.dailymotion.com/video/x24ifq1_james-may-s-cars-of-the-people-episode-1_auto

  • avatar
    Jasper2

    If the Porsche-Piech clan said it, it must be so. I believe……….

Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • ToolGuy: “much better than the horror show that the Camaro is now” Will no one rise to defend the...
  • tankinbeans: I have pretty much the perfect spec in my car today. Finally pulled the trigger on a Mazda3 Turbo. Must...
  • tankinbeans: I briefly paid for a subscription to Sirius 10 years ago, but have the same problem with Sirius as I do...
  • Ol Shel: So, you just made sh!t up, and want people to believe it’s a fact. You sound like the jacka$$ at the...
  • nrd515: I agree with most of your list, with a few exceptions: I don’t drive enough miles to really care about...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber