Posted by on June 19, 2010
The shocking details of Volkswagen’s sex-and-bribery scandal have shaken Germany Incorporated in the summer of 2005. Volkswagen’s former Chief of Personnel, Peter Hartz paid $2.5 million dollars in illegal bribes for over nine years to the company’s labor boss just to have the support of the management plans. The alleged illicit payments were used by Volkswagen’s Works’ Council Chief Klaus Volkert to finance his lavish foreign trips, parties, prostitutes, and luxury hotels in Brazils and Lisbon. And all of these are disguised as business expenses.
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Posted by on June 12, 2010
Great news from Volkswagen!
The German automaker has recently announced that some of its products like the new Volkswagen Touran and Golf S, Match, Sport and GT models are now made even more affordable due to unique finance and incentive that are available for private buyers.
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Posted by on June 12, 2010
The move by tiny sports car maker Porsche to take control of the giant Volkswagen group by means of purchasing a great part of stakes of the German giant automaker has proven that the force of private equity can still be defeated.
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