Matthias Müller, Chairman of the Board of Management of Volkswagen AG (ex-CEO of Porsche), has announced the five key steps to realign the Group especially in light of the current 'DieselGate' crisis that the group is facing. I think this is very much needed as we are now hearing that the 3.0liter Volkswagen/Audi diesel engine also has some cheat device for emissions testing in them.
The crisis faced by Volkswagen group is really huge. For the first time in years the group has posted a loss. There are 600,000 employees worldwide to care about too. The key steps would be put in place (five of them) and we would now see a new game plan that would see the Volkswagen group's future to the year 2025 would be rolled out by middle of 2016. This effectively replaces the earlier Group Strategy 2018.
