Wendelin Wiedeking
Wendelin Wiedeking
Wendelin Wiedekingis the former President and Chief Executive Officer of the German car manufacturer, Porsche AG, a post he held from 1993 through July 23, 2009. He was also speaker of the company's executive committee and was a member of the supervisory board of Volkswagen AG. He had his first child, Isabel Wiedeking, in 1983 and then his son, Wendelin Wiedeking Junior. He is currently living near Stuttgart...
business essential future planning relations safeguard secure
With this commitment, we want to secure our business relations with VW and safeguard an essential part of our future planning over the long term.
again ambitious certainly despite given industry momentum overall targets weakness
We have once again significantly outperformed even the very ambitious targets we have given ourselves, and this is despite the overall weakness of the world economy, which certainly has not given any momentum to the automotive industry as a whole.
demand expect majority position sales
We do not expect any weakening of our sales or position in the USA, ... An overwhelming majority of dealers are still signaling to us that demand is good.
allow maintain market offer potential products research year
This will allow us maintain research and development spend, and have the potential to offer the market new products from one year to another.
brand check destroy hurt time took whether
It took us a long time to check whether the Cayenne would destroy or hurt the brand image,
extent fact great others prices
When we were buying, many others were also buying, and to a great extent in fact and at prices that we never would have wanted to pay.
found porsche
We found out that if the SUV done by Porsche is a very sporty vehicle, it will work.
overlap percent products relevant segments sells starts
Volkswagen sells only 2.8 percent of its products in the same segments as Porsche. An overlap first starts to become relevant for antitrust authorities when it is 25 to 33 percent.
although costs highly increasing remain sector
We are on course, ... Although development sector costs are still increasing because of new projects, we remain highly profitable.
answer ensure independence investment planned strategic wish
Our planned investment is the strategic answer to this risk. We wish in this way to ensure the independence of the Volkswagen Group.
answer investment planned strategic
Our planned investment is the strategic answer to this risk,
broke deal guaranteed investment possible
Guaranteed -- we broke up a possible deal for some investment bankers,
dinosaurs size
If size did matter, the dinosaurs would still be alive.
future maybe means product stand three
In the future the fundamental idea is to stand on three legs, which means if one product is up maybe the other is down,