Volkswagen Finds Hatches, Battens Them, and Braces for Massive Business Storm

Volkswagen suspended hiring at its finance arm and cut a shift at its Salzgitter engine factory to prepare its business for fallout from the largest business crisis that company has faced.

According to Reuters (via Automotive News), senior officials at Volkswagen will review Thursday findings from an internal investigation into the scandal that the automaker installed illegal emissions “defeat devices” on 11 million cars. The finance division said it would implement a hiring freeze through the end of this year.

“We are reacting to the current situation. It is a purely precautionary measure,” a spokesman told Reuters.

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  • Crown No surprise there. The toxic chemical stew of outgassing.
  • Spamvw Seeing the gear indicator made me wonder when PRNDL was mandated.Anyone?Anyone?1971
  • ToolGuy I think I will just walk.
  • ToolGuy I'm several months behind on doing the homework, can't talk now.
  • Tele Vision As a V1 owner I opine that Cadillac should be GM's version of AMG. i.e.: Regular Equinox with an inline 4 or V6; and an Equinox V with a twin-turbo V6; lowered; and appointed with many peeled cows - at twice the price. It'd sell. V all the things!