Tag: Diess

By on October 28, 2021

Back in February, there was some buzz that Volkswagen Group was seriously considering spinning off the Porsche brand or at the very least listing it on the stock exchange. While the rumors technically go back further than that, it wasn’t until early 2021 that outlets started citing anonymous sources claiming VW felt it had become too bloated with brands and wanted to shake loose some money whilst streamlining the organization.

Not so, says Volkswagen CEO Herbert Diess. It always seemed suspect that the manufacturer would offload what has consistently become one of its most profitable brands, though an IPO didn’t seem out of the question considering how ridiculously well it has worked for other entities underpinned by hype (valid or otherwise). Diess has indicated that neither scenario looks plausible anymore, stating that VW isn’t all that interested in surrendering any amount of control right now.  (Read More…)

By on September 24, 2019

Herbert Diess Jetta 2017

Methodical German prosecutors have finally made their way to the top of Volkswagen’s executive ranks, charging CEO Herbert Diess and Chairman Hans Dieter Poetsch with stock market manipulation.

On Tuesday, the prosecutor’s office in Braunschweig indicted Diess, Pötsch, and former CEO Martin Winterkorn, accusing the men of withholding information of a looming emissions scandal from investors. Winterkorn, already indicted by U.S. authorities and slapped with a fraud charge in Germany, stepped down shortly after the scandal broke in September 2015.

Diess vows to stay on as VW’s boss as the charges play out. (Read More…)

Recent Comments

  • Jeff S: Do you really believe that the Taiwanese people would rather live under a Communist Dictatorship than what...
  • mcs: @Skippity: If it even gets built. There are people protesting and opposing the Rivian plant in Georgia because...
  • Skippity: Just what we need, bigger, faster ego-mobiles.
  • Skippity: The chip plant will operate for a year or so, unionize, go on strike. The toilet paper isn’t Charmin,...
  • mikey: Nice..but the same beef I have with the Tahoe/Yukon ..Too big for the Burbs .Then there’s price of gas...

New Car Research

Get a Free Dealer Quote

Who We Are

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