Piech swings the ax as Lopez joins VW

Kurylko, Diana T.
March 1993
Automotive News;3/22/1993, Vol. 67 Issue 5491, p57
Trade Publication
Reports on the challenges Volkswagen (VW) AG chairman Ferdinand Piech and purchasing czar J. Ignacio Lopez face in improving the company's performance. VW directors' endorsement of Piech's reorganization plan and cutting dividend on common and preferred shares; Board members ousted; Wolfsburg, Germany plant problem; Cash-flow problems; Cost-disadvantage; Productivity; Labor costs; Annual cost per worker; Plateau VI production concept.


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