From today's financial times...
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Mine's not an Audi
By David Owen
Published: August 25 2005 03:00 | Last updated: August 25 2005 03:00
Bernd Pischetsrieder, the cigar-smoking head of Germany's Volkswagen, steered perilously close to a Ratner moment yesterday when he dismissed cars made by Audi, his company's most profitable division, as a "complete waste of money".
Unlike Gerald Ratner, who was forced to quit after dismissing one of his company's products as "crap", Pischetsrieder also attacked rivals, saying Mercedes-Benz and BMW cars were also a waste. "You can get the same transportation performance fuelled with the same speed from a much cheaper car," he told financial analysts in London.
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ripped from TCW
but haha nice nice nice.
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Mine's not an Audi
By David Owen
Published: August 25 2005 03:00 | Last updated: August 25 2005 03:00
Bernd Pischetsrieder, the cigar-smoking head of Germany's Volkswagen, steered perilously close to a Ratner moment yesterday when he dismissed cars made by Audi, his company's most profitable division, as a "complete waste of money".
Unlike Gerald Ratner, who was forced to quit after dismissing one of his company's products as "crap", Pischetsrieder also attacked rivals, saying Mercedes-Benz and BMW cars were also a waste. "You can get the same transportation performance fuelled with the same speed from a much cheaper car," he told financial analysts in London.
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ripped from TCW
but haha nice nice nice.