VWCEO remains bright despite union dissatisfaction

Hamburg- Volkswagen CEO Herbert Diess, who has been hit hard by the union over strategy, gave a cheerful tone at a recent managers’ meeting on discussions about the company’s five-year investment plan, including the future of the Wolfsburg plant.

According to a copy of Reuters’ speech at last week’s meeting, Mr. Dies said that negotiations with the union are proceeding smoothly and that autonomous driving will beat US competitors. China..

VW He added that the worst of the supply chain crisis that hit production this year has passed, volumes have begun to grow, and outlook for next year has improved.

According to Dís, the premium brands were almost sold out next year and the purchase order was full. The outlook is brighter than the company’s third-quarter earnings a month ago.

“I’ve made a lot of progress in the last few weeks and I know I’m feeling very good,” said the CEO.

The position of Dís, who leads Europe’s largest automaker, has been in the thread for the past few weeks in tensions over his management style and electrification strategy.

Volkswagen’s Board of Corporate Auditors will meet next Thursday to agree on a five-year investment plan.

However, preparations for the meeting are clouded by uncertainties about whether Dís will remain in his position and disagreements about the future of the Wolfsburg plant. Electric car..

A decision on whether Dís will stay or go is expected by the end of this week, two sources close to the unnamed negotiations told Reuters, the latest discussion on this issue took place last weekend. I was.

Regarding Wolfsburg’s question, management and the labor-management council were discussing building an electrical ID.3 model at the factory-“it would certainly make sense to create such a model.” Said Dies.

He promised that the plants would be unrecognizable by 2030 and that “very competitive with Grünheide” changes were underway. Tesla A huge electric car factory, just hours away, could start in December, awaiting final approval.

Dís has frequently issued warnings about Tesla’s efficiency and speed compared to Volkswagen over the past few weeks, fearing that German automakers will soon fall behind their territory.

(Report by Jan Schwartz, Written by Victoria Waldersee, Edited by Jan Harvey and Bernadette Baum)

VWCEO remains bright despite union dissatisfaction

Source link VWCEO remains bright despite union dissatisfaction

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