Herbert Diess CEO VW Group position questioned from the mighty worker council in pre talks of the supervisory meeting
"The company is blocked"
A mediation committee is set up in the Supervisory Board
A process started that can cost Diess his job
Worker Council speaker,
"Constructive and confidential discussions are currently underway. Any results will be communicated in due course."
According to sources the core of the dispute is Diess' demand for speed in the restructuring of the Group
Diess' position within the VW Group is at risk in view of the weak quarterly results & BEV sales falling short of expectations
In addition to the worker council, Diess is also in dispute with the state of Lower Saxony, which has a seat on the advisory board and 20% voting rights
The sentiment is negative, according to the Handelsblatt, leading executives are said to have even expressed their lack of confidence in Diess at a meeting last week
The VW stock lost 4% today
• • •
Missing some Tweet in this thread? You can try to
force a refresh
Worker Council Head Cavallo "My aspiration is that our main plant will continue to be the engine for the Group in the future." To achieve this it is crucial to combine the most modern production, the best personnel & the greatest pioneering spirit
She continued, " manufacturing, efficiency and sustainability would have to go hand in hand, at the end of which the Group's largest unit volumes would be produced"
"There is not one person too many on board here,"
'Not one job is negotiable', Cavallo said.
Herbert Diess responded, "I want your children & grandchildren to still be able to have a secure job here with us in Wolfsburg after 2030"
'However the jobs that exist today will certainly become fewer within the next 10 - 15 years especially in administration at Group level ..
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"
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."
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