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Volkswagen: Mangement: Difference between revisions
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=== Sanjay Lal, head of Cariad software hub === | === Sanjay Lal, head of Cariad software hub === | ||
October 2, 2023: At its works council meeting, Cariad announced that they have hired Sanjay Lal as head of its software hub. The hub is in the process of developing two models for Volkswagen. “This hub will consist of a small team that will implement everything we need for rapid software development,” Volkswagen Group CEO Oliver Blume said. “Speed is the new imperative to stay competitive.” From August 2021, Sanjay Lal, was Rivian's vice president of software platforms<ref>https://www.linkedin.com/in/kymasys/</ref>. Lal recently developed a new software platform for Rivian in record time. He was also the director of engineering at Tesla from July 2019 to August 2021. Lal also worked at Google for two years as director of android automotive<ref>https://www.linkedin.com/in/kymasys/</ref>. | October 2, 2023: At its works council meeting, Cariad announced that they have hired Sanjay Lal as head of its software hub. The hub is in the process of developing two models for Volkswagen. “This hub will consist of a small team that will implement everything we need for rapid software development,” Volkswagen Group CEO Oliver Blume said. “Speed is the new imperative to stay competitive.” From August 2021, Sanjay Lal, was Rivian's vice president of software platforms<ref>https://www.linkedin.com/in/kymasys/</ref>. Lal recently developed a new software platform for Rivian in record time. He was also the director of engineering at Tesla from July 2019 to August 2021. Lal also worked at Google for two years as director of android automotive<ref>https://www.linkedin.com/in/kymasys/</ref>. | ||
== Criticisms == | |||
December 27, 2023: Bert Flossbach, co-founder of Flossbach von Storch '''criticised Volkswagen’s governance''' for its low valuations. “Ever since the diesel scandal, the flaws [in Volkswagen’s governance] have become clearly evident,” he said. “We are aware of Volkswagen’s low [stock market] valuation but do not see any catalyst that could offset the discount to peers.” Flossbach added that decisions at Volkswagen are “highly complex and tangled” and that the controlling families’ goals “are not of a financial character.” Flossbach von Storch which has €70bn of assets under management has invested in Volkswagen’s bonds and not its shares<ref>https://www.ft.com/content/2977e94c-bae8-4d64-b360-9d6567ccba13</ref>. | |||
July 19, 2023: Investors concerned that the '''lack of succession plan''' when the head of its controlling shareholder - the Porsche-Piech family clan - retire as well as lack of neutrality in the supervisory board is impacting valuation<ref>https://www.marketscreener.com/quote/stock/PORSCHE-AUTOMOBIL-HOLDING-3938612/news/Volkswagen-s-efforts-to-boost-valuation-stifled-by-lack-of-succession-plan-44365739/</ref>. | |||
== References == | == References == | ||