VOLK­SWA­GEN’S QATAR PUSH

Qatar Today - - BUSINESS -

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.

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