Deutsche Bank said on Thursday it had nominated Volkswagen’s retiring finance chief Frank Witter to its supervisory board, coming at a time that the lender is attempting to boost its …
Frank Witter
Volkswagen’s supervisory board on Monday said CEO Herbert Diess had its complete support as he leads a new executive team to transform the German automaker but stopped short of bringing …
- Volkswagen
Volkswagen CEO will announce strategic steps over electric cars this year
by SpeedLuxby SpeedLuxVolkswagen needs to modify to stay relevant in the electric and digital vehicle era and will announce “important steps” to that end before the end of the year, CEO Herbert …
- Volkswagen
CEO Diess enjoys full support from supervisory board, says Volkswagen
by SpeedLuxby SpeedLuxVolkswagen on Thursday moved to turn down rumours that CEO Herbert Diess had been sidelined by issuing an unsolicited declaration of support, after clashes with the company’s labor leaders who …
- Volkswagen
Volkswagen expects unfavorable second-quarter, but sees hope for later period
by SpeedLuxby SpeedLuxVolkswagen expects a very unfavorable second quarter, but also sees a positive adjusted operating profit before special items for this year, Chief Financial Officer Frank Witter stated in an internal …
Volkswagen finance chief Frank Witter will quit the German automaker in the summer of 2021, German business publication Manager Magazin reported on Thursday. Witter has refused to extend his contract …
Volkswagen slashed its forecasts for operating profit and sales expansion on Monday because of a slump in demand for passenger cars, while keeping profit margin targets. “It is fair to …
- Volkswagen
Volkswagen sets aside 5.5 billion euros to deal with diesel scandal
by SpeedLuxby SpeedLuxVolkswagen stated it has set aside 5.5 billion euros ($6.16 billion) in contingent liabilities to cover possible dangers emerging from a diesel cheating scandal, chief financial officer Frank Witter stated …
- Volkswagen
Volkswagen revisiting autonomous car alliances, Waymo seen as a leader
by SpeedLuxby SpeedLuxVolkswagen Chief Financial Officer Frank Witter on Tuesday stated the automaker was open to deeper alliances with outside companies, generally in the area of autonomous driving, where Google’s Waymo is …
Volkswagen group’s second-quarter operating profit should compare with 2017’s level of 4.55 billion euros ($5.54 billion) at least, finance chief Frank Witter stated. Underlying profit in the April-to-June period should …

