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Troubles - Europe - Board rifts threaten VW's profits
Detroit,Mich,USA -The Detroit News, by Neil Winton -Dec 19, 2005: -- It's not just General Motors, Ford and Delphi that are sailing through troubled waters. Volkswagen, Europe"s biggest car manufacturer, is also being buffeted on many fronts... VW always had to hurdle obstacles of almost Byzantine confusion because of the German system of corporate governance... Now its finances will be coming under pressure as profits in Europe crumble next year, losses mount in the U.S. and China, and its Latin American operation is crippled by an unexpected exchange rate problem...
posted by Unknown @ 1:11 PM
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