#Germany

A lover of a former Volkswagen labor leader has been charged for aiding in breach of trust over her role in a bribery scandal, Focus Magazin reports. The scandal had rocked Volkswagen, destroyed the image of the German metalworker union IG Metall, and aided in toppling the center-left government of Gerhard Schröder in 2005.

According to prosecutors in Braunschweig, a 47-year-old woman from Brazil received €250,000 euros ($327,000) under sham contracts between 2002 and 2005. It is also alleged that she billed Volkswagen for travel costs and language courses, totaling €100,000 ($130,000.) The woman was not identified, but anybody who has been close to the upper echelons of Volkswagen in those days knows that it can’t be anyone else than the buxom Brazilian Adriana Barros.

Daimler has attracted the wrath of Wikipedia. An anonymous Wikipedia editor had “corrected” a harmless entry about Daimler’s lobbying activities. The edit was caught. The IP address was traced back to “a server of Daimler AG,” writes Der Spiegel. All hell broke loose.

Chinese media has written for a while that Volkswagen and its Shanghai joint venture with SAIC will do a new “Chinese” brand called “Tianyue” by the Chinese, or “Tantus” by the longnoses. Only Carnewschina did some research and tells us what those names really mean. Careful, do not read on if you are offended by “mature” content, or could be fired for reading such.

When I started working for (not at) Volkswagen in the 70s, they talked about adding many brands, all the way “from MAN trucks to a motorcycle.” 40 years later, Volkswagen finally has MAN. And it might soon have that motorcycle wish fulfilled.

The podium was all smiles when Volkswagen reported an unheard-of profit of €18.9 billion ($24.8 billion) before tax, which turned into €15.8 billion ($20.7 billion) after the taxman got his €3.1 billion share. When Volkswagen announced this today in the annual results press conference, there was one man who grinned even more than anybody else.

If you are anxious to hear what Opel is going to do to stop the bleeding of money (just in case you are holding GM stock,) then you need a lot of patience. GM Europe CEO Karl-Friedrich Stracke thinks he might have a plan within two to three months. He might have a plan. Setting the plan in motion may take longer.

While carmakers in France and Italy complain about overcapacities in a declining European market, makers of German premium cars are reporting sales records. After astounding growth at Mercedes, BMW now announces its best ever February.

Two days ago, Volkswagen announced “ambitious new sustainability targets.” The Wolfsburg company promised “30 percent reduction in CO2 emissions during the period from 2006 to 2015,” and “emissions below the 120 gram CO2/km mark for first time in 2015.” Plants of the group are to become “25 percent more environmentally compatible by 2018.”

TTAC ignored the announcement. I know VW quite intimately, and they make these announcements on a regular basis. A lot of the above had already been announced in 2011.

Our friends at Hybridcars.com have a different perspective, they think Volkswagen hoisted the white flag in the war with Greenpeace:

“A stands for attack,” pronounced Dieter Zetsche, CEO of Daimler Benz, in Geneva, With a quivering stach, Dr. Z unveiled Daimler’s new attack dog, the new A-Klasse.

The Volkswagen Group Night may sound like a swing party holdover from the good old days at VW, but it’s not. It’s the Geneva Motor Show pre-party. Everybody who is somebody must be seen at this event. Cars are also shown. Here they are.

Global sales of Daimler’s Mercedes-Benz car brand rose a whopping 20.3 percent in February compared to February 2011, Reuters says. A lot of this growth comes from a country already pronounced a basket case by some: China.

It looks like the German new car market decided: “Last year was nice. Let’s do it again.” For a few months, the German market had retraced the prior year. In February, the prior year number has been hit with 0.0 percent precision.

The European malaise seems to have selective impact on European automakers. Audi announced record results today. Audi reported an operating profit of €5.35 billion ($7.16 billion) in 2011, and wants to have even better results this year.

Hear that chafing sound? It is analysts scratching their heads. They wonder why in the world would GM buy 7 percent of France’s PSA Peugeot Citroen. Bloomberg says this is about to happen. Neither GM nor PSA wants to confirm the deal. However, Bloomberg already has intricate details of the planned transaction, someone seems to be talking on deep dark background. Sounds like the odd couple is about to do it.

The question remains: Why?