VW CEO Herbert Dies Speech Wednesday at the Global Leadership summit
Only Top Execs % Board Members are present
"We in this room have to deliver and make sure that VW is a powerful & successful group by the end of the decade. I am very happy with my team. It's my dream team...
... the best in the auto industry. I would like to thank you all. Why is the boss so nervous all the time, though? Often so pushy and hard? Because I'm worried." It is a "crucial time for the company" right now, with many good decisions having been made...
Diess continued,
"In the old world, we are invincible and successful. But in the new world, that's not guaranteed."
VW CEO Diess
"I know some of you hate this, but it's Tesla in the first place. The gap is widening. They are getting faster, delivering and also getting better at building cars. Tesla is the only brand that has grown in Covid times."
'Soon Tesla would have 2m cars on the road', a "fully connected global fleet"
"Thomas (Ulbrich, Board R&D) will build the Sandkamp campus, which will give us rapid development, where we challenge Tesla with its 18-month development speed"
Herbert Diess continued
"Ralf (Brandstätter, CEO VW) already has a lot of ideas about how we can build a new factory into the old one (HQ Wolfsburg) and establish new processes."
Diess went on to say about Wolfsburg: "Only if we demonstrate here that we are competitive within a distance of 200km will we also be competitive worldwide. Wolfsburg has a crucial part to play. When I think of Wolfsburg, I don't have job cuts in mind. That's not what it's about"
Herbert Diess
"For me, it's about how we work together, become more efficient and faster. To do that, we need a new mindset."
Panic at the Top Executive Level of VW Group
I expect very soon the first CEOs & Top Managers will be fired because Diess himself will come under increasing pressure
The 1st could be as predicted Wöllenstein who has literally no chance to achieve his 100k IDs sold in China goal
Allegedly, Wöllenstein is on the hit list if he does not succeed in reaching the target of 80,000 to 100,000, writes the "Business Insider" with reference to insiders
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Looking at the body language and facial expressions/gestures, I would have to say that the interest in listening and learning looks different 😕
CEO Diess "We in this room have to deliver and make sure that VW is a powerful and successful group by the end of the decade. I am very happy with my team. It's my dream team, the best in the auto industry. I would like to thank you all"
A former Porsche engineer responsible for the Taycan leaked that the battery has a problem with charging power at and below 7.5 kW
It happens that the battery is damaged, and as a result, Porsche has already scrapped a number of Taycan vehicles
Repair is not an option
He explained that they made a mistake in the development of Taycan's charging management system
Several battery fires of the Taycan, as well as the E-tron GT (same platform), could be related to this fatal error
If you own a Taycan make sure it's not charged at 7.5kw or below
Porsche has silently exchanged the Taycans according to my source when the issue happened but it never leaked and was not reported about from the media before
If true then it's a severe safety issue the authorities should go after @BMVI
VW CEO Diess has demanded according to Handelsblatt in a Supervisory Meeting to cut 30,000 jobs
'He spoke about his concern for the future of the company. Costs were not right against the competition. Diess described how he had already experienced the crash of a site once before'
The reason for this is among other things the reorganization and electrification of the Group
According to the Handelsblatt, the supervisory board members were caught off guard by Diess' statement - and subsequently protested "vigorously"
30k is 15% of VW Brand
VW will shrink
Wile 30,000 lay-offs for VW may sound a lot it is likely just the first step in a downwards spiral handelsblatt.com/unternehmen/au…