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What puzzled a business columnist five years ago remains puzzling today. Winterkorn might have noticed, for one thing, that the sales crown had been associated with catastrophe for its two most recent wearers, Toyota and GM.
Winterkorn would need to find a bigger place for VW in the U. VW at least had learned something from a previous foray in the U.
In the late s, the company tried to recover its plummeting market share by opening a UAW-staffed factory in New Stanton, Pa.
That plant was a disaster from day one and closed a few years later. This time, VW built its plant in Tennessee in pursuit of well-behaved, nonunion labor. To appease labor back in Germany, VW tried to slip the UAW into the factory through the backdoor anyway, only to be prevented by its own U.
All this now becomes preamble to the scandal that completes the disaster of Mr. His admission that VW used a software trick to fool U.
Any chief executive can have bad luck, but these were poor decisions: To blithely insert the company in the partisan fault-line that divides the union-dominated northern U. But beggaring belief is the latest scandal, committed in the service of a dubious marketing strategy from the get-go.
Unpropitiously, the company launched its bet as gasoline engines were catching up with diesel engines in efficiency, and when diesel fuel is pricier than gasoline and harder to find. That should tell you something. The German government has opened its own investigation.
But the balance is clearly off.
Recall the ill-fated merger of Daimler and Chrysler, when Mercedes engineers balked at sharing components and technology with the down-market Chrysler. To run a business is to manage conflicts and trade-offs.
Difficulties are inherent in trying to do anything ambitious and meaningful in the world. What will color Mr. Bob Lutz was likely thinking of the old VW Jetta when he said that one of the finest driving experiences you can have is hustling a small-engine German sedan through its paces on uncrowded suburban roads.
As a household that a few years ago passed along our Jetta to a niece and replaced it with a BMW, we can tell you the Jetta is still missed. From the Wall Street Journal.
Re-read the highlighted bit and gasp. Bruce of Newcastleposted on September 23, at 6: But they were adamant today they would maintain the progressive dividend policy. That means either the same US62c per half or the same total payout.
The squawks from the local fin press would be epic if they were seen to be in breach of this promise. Right now I have no BHP shares at all except whatever my super fund guys have in their mix. Nearly all the robberies were caught on video.
Steven Felton, 34, was sentenced Monday to 62 to years in a state prison Estimate of the tariff in Qld:Subscribe now and save, give a gift subscription or get help with an existing subscription. This is what a successful digital transformation looks like, based on research into the characteristics of enterprises that have succeeded with transformations in real life.
President-elect Donald Trump has announced he will give up his presidential salary of $, (£,) and take just $1 a year. He revealed his plan to receive nominal pay during an interview. Car reviews and auto industry analysis by Neil Winton at Wintons World.
Dedicated to the truth about cars and the global automotive industry in general. Get the latest science news and technology news, read tech reviews and more at ABC News. Fiat Chrysler is recalling million US vehicles over a defect that could prevent drivers from turning off cruise control. It warned owners, including those outside the US, not to .