The start has not been successful yet. Because board and works Council are still working on the legal framework for employees. Old economy versus start-up thinking in Silicon Valley,
Diess has already recognized the problems. “We are valued like an automobile company. Tesla like a tech company. ”That is where it wants to go Diess, The future lies in the conversion to a digital tech group – “and only there”. At the same time, he warns: “If we keep going at this current pace, it will be very tight”, and he recalled the fate of Nokia,
Compensation for diesel drivers
In addition to the conversion into a technology group and the high investments in alternative drives Volkswagen still with contaminated sites from the 2015 diesel scandal. Alone in the United States has Dieselgate Volkswagen including penalties cost more than 25 billion euros. Consumer advocates have always contested the fact that US customers have been compensated while legal action has had to be taken in many other countries. So also in Germany,
830 million eurosBut yesterday, Friday, there was a surprising turn. Despite a failed settlement procedure with consumer protection groups, the group wants to pay out 830 million euros to those affected by the end of March. “The model determination procedure is designed by the legislature so that it will take another few years until individual final judgments are pronounced,” says VW as justification with.
No money for Austrians
“These years of litigation would be an immense burden for customers, the judiciary and the company. Also Volkswagen does not want any further hundreds of thousands of individual proceedings. For the German judiciary, this feat could not be mastered. A comparison in this process is therefore the most sensible solution for everyone. ”
Austrian victims continue to look through their fingers. I have this decision Austria nothing to do, it says.
However, must VW make sure that the proportion of manufactured vehicles with internal combustion engines continues to decrease. Otherwise, from next year there will be high fines due to missing the targets (see graphic). Almost all manufacturers are affected by this to varying degrees. Tesla as a pure e-car provider, naturally not. Another competitive advantage for the US competitor.
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