VOLKSWAGEN’S QATAR PUSH
Europe’s biggest carmaker Volkswagen is still coming to terms with its emissionscheating scandal, but the company’s CEO maintains that strengthening bonds with Qatar is on its radar.
“In future there will be closer cooperation in different areas,” Mattias Mueller told Reuters TV. The Qatar Investment Authority (QIA) holds a 17% stake in Volkswagen and two seats on its supervisory board. Mueller further added the company's top management was in the process of “very constructive” talks with the QIA. According to the German media, following the emissions scandal last year, QIA had urged Volkswagen to check the role of labour leaders who were hesitant about efforts by management to increase cost savings. Mueller, however, refused to comment on the issue.