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Volkswagen chief executive Herbert Diess issued an apology after he referred to a Nazi abusive motto during a company management event.
Emphasizing the importance of boosting the company's profits, Diess said to employees “Ebit macht frei,” which is liked by the German word “Arbeit macht frei” (which you set free) at Auschwitz entrance and other Nazi concentration camps. 19659016] “Ebit” is an abbreviation referring to a company's earnings before interests and taxes.
In a statement issued on the LinkedIn Diess account, he said he was “very sorry” for his “very unfortunate word choice” and if I had unintentionally hurt feelings. ”Diess also said that Volkswagen is running activities for the past thirty years ensure that the company, management and employees are “aware of Volkswagen's special historic responsibility in relation to the Third Reich.”
In an email statement to Bloomberg, Volkswagen's supervisory board said it was the statements “but at the same time take note of the immediate apology from Mr Diess. “
Volkswagen was founded in 1937 as part of the attempt by Adolf Hitler's Nazi Party to promote an affordable“ people car ”(Volkswagen) for the German community. During the Second World War, Volkswagen was among the first German companies to avail of compulsory labor, sourcing prisoners of war, concentration camp prisoners – including from Auschwitz – and foreign forced labor workers to contribute to the continued production of civil vehicles. .
In 1999, Volkswagen opened a permanent exhibition at its Wolfsburg Center entitled “Emergency Works Commemorative Place in the Volkswagen Factory.” The exhibition aims to place the company on relying on compulsory labor. openly presented in the Nazi war economy.
Gaffe Diess ended a difficult week for Volkswagen, with the US Securities and Exchange Exchange (SEC) suing the company and its former chief executive Martin Winterkorn over the German emissions diesel scandal, alleging "massive fraud" on investors the United States.
Volkswagen was arrested by the use of illegal software for the cancellation of US pollution tests in 2015, thus starting a global background of diesel costing € 29 billion. The company admitted secretly installing software in 500,000 US vehicles to disguise government exhaust emission tests and pleaded guilty in 2017 to felony charges. Thirteen people were cut in the United States, including Winterkorn and four Audi managers.
The SEC also nominates Volkswagen's VW Credit and Volkswagen Group of America Finance LLC, the entity used to sell the securities. In addition, VW attended investor dealers in Braunschweig, Germany.
Reuters added to this story. Click here >>