Volkswagen Group Continues Focus On Qualitative Growth

Thursday, December 12, 2013

The Volkswagen Group will continue to focus on qualitative growth going forward, officials said. “With the best products, our global presence and a strong team, the Volkswagen Group has everything it needs to master the tasks that lie ahead,” Prof. Dr. Martin Winterkorn, chairman of the Board of Management of Volkswagen Aktiengesellschaft, said in his speech to 18,000 employees at Thursday’s works meeting held at Volkswagen’s Wolfsburg plant.

“For us, it’s not just about unit volumes. We are aiming for qualitative growth that brings benefits to all: customers and investors, our employees, the environment and society. We are very firmly on course for that,” Mr. Winterkorn said. To lay the foundations for this growth, the Volkswagen Group will be investing a total of €84.2 billion over the next five years in new models, environmentally friendly technologies and plants. “Volkswagen is stepping out into the future with courage and determination,” Mr. Winterkorn continued.

“Developments on some markets will remain challenging and the competitive pressure will persist in 2014. That is why we are making the Volkswagen brand and our entire Group even more robust and competitive,” Mr. Winterkorn added, and went on to say this included systematic cost discipline and boosting the already high ability to innovate, for example in alternative drivetrains. “We are keeping our company on a steady course even in difficult conditions.”

In his speech Mr. Winterkorn expressly thanked employees for their commitment over the past 12  months. “Thank you for your strong performance. We know we can count on your know-how and your passion as Volkswagen heads for the top."


October 2014 County Unemployment Rates

County unemployment rates for October 2014, released today, show the rate decreased in 80 counties, increased in 10 counties, and remained the same in five counties. Specific county information for October is available here .  Knox County had the state’s lowest major metropolitan rate in October at 5.1 percent, down from 5.4 in September. Davidson County was 5.2 percent ... (click for more)

Study Shows 60 Percent Of Low-Income Tennesseans Face Civil Legal Problems

A study commissioned by the Tennessee Supreme Court Access to Justice Commission and the Tennessee Alliance for Legal Services with the support of the Tennessee Bar Association has found that more than 60 percent of vulnerable Tennesseans face a significant civil legal need. The goal of the study was to examine the effectiveness of delivering legal assistance to those in need. ... (click for more)

2 People Critically Injured In North Chattanooga House Fire

For the second time in three days, a house fire has resulted in tragedy with two people critically injured in North Chattanooga. At 10:13 a.m. on Wednesday, Chattanooga firefighters were dispatched to a reported house fire with entrapment at 220 Houser St. The first firefighters on the scene saw flames shooting out windows and part of the roof. Having been told that people ... (click for more)

Kiser Post-Conviction Hearing To Resume April 6

A post-conviction hearing in which Marlon Duane Kiser is seeking a new trial in the 2001 slaying of Deputy Donald Bond will resume April 6. Attorneys for Kiser, who is on Death Row, said they have additional witnesses to call. Kiser on Tuesday took the witness stand for the first time, blaming the killing on the man he was living with at the time - Mike Chattin. Chattin, who ... (click for more)

Why Ferguson Matters In Chattanooga

The recent verdict in Ferguson has thrown race relations in the spotlight again. It is far too easy to get caught up in the debate as to who was right. But the plain fact is that the community lost, the police force lost and the nation lost. So why does Ferguson matter in Chattanooga? Because a police force mainly composed of whites got into a conflict with a community mainly ... (click for more)

Roy Exum: A Grand Thanksgiving Feast

I’m not really sure how it all came about but a few days before Thanksgiving last year, what was usually a crowded table had dwindled down to just Mother, Aunt Martha and me. Just the idea of getting dressed up made both of them tired, which happens when you are 89 and 87, respectively, and the thought of preparing the traditional feast brought only further groans so I announced ... (click for more)