Another peek inside VW from Alex Voight yesterday ..
June 15, 2020 “ Volkswagen, Where Are You Going?”
Here’s an excerpt giving background to the immediate events preceding Deiss’s replacement..
.... “Last Thursday, in a management meeting, the Group CEO informed his peers of some more unpleasant truths — intended just for a small management group and declared as confidential.
Quote:“One of the unpleasant truths is that in China our market leadership is not a law of nature. (… In China, the leader in electric cars is now called Tesla.“It will be years before we have reached the necessary level of expertise in software to be able to compete at the forefront. (… Even today, hardly a line of software code comes from us.”
Despite confidentiality agreements (and as top managers you trust that information is kept in a small group), it was leaked to the press instead and created negative, not wished for attention about the true situation of VW in comparison to, for instance, Tesla.
That negative attention did what it was intended to do and harmed Herbert Diess further, who in an uncontrolled moment of anger in front of 3,200 employees — and diverting from his speech script — called the leak a “criminal offense” and “legal infringement” done by the presidium of the advisory board...”
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