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One of the largest crazes around the world is cars. We are not sure where this obsession comes from but since their invention people have been obsessed with making autos faster, fancier and better than they are. The funny thing is that most individuals think about their autos as machines and [...]
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The news of Porsche increasing its stake in Volkswagen to 30.9 percent didn’t come as a surprise at all. Well basically since this is exactly what the automotive industry was expecting in the first place.
Although it may be hard to believe that such increase of stake will not lead to a [...]
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 [...]
The trial of former Volkswagen human resources executive Peter Hartz has ended on Friday, January 26. And the verdict? Hartz received a two-year suspended sentence and a fine. The bribery and corruption case of Peter Hartz was feasted on by journalists and camera teams with matching angry protesters outside the courthouse in the town of [...]