AM Online

'Foot in mouth' disease strikes Volkswagen boss

Volkswagen boss Bernd Pischetsrieder came close to his own ‘Ratner moment’ this week when he dismissed cars made by Audi, the most profitable part of the VAG Group, 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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