Without basic restructuring, the losses at the Volkswagen brand won't be eliminated.

The value of the final few years of life to an 80-year-old means he'll spend whatever it costs for a very safe and comfortable car. That older buyer wants the best and latest technology, even if he doesn't understand it.

Without basic restructuring, the losses at the Volkswagen brand won't be eliminated. Our analysis suggests that the Volkswagen brand has a production overcapacity of 1 million vehicles per year.

I do not care how brave a president is; I do not care how many medals he may wear. I do not care how well trained his guards may be. If he violates the will of the people, he shall be eliminated.

It's a major restructuring. I don't want to downplay it,

Any kind of restructuring like this is a very holistic kind of thing where nothing is really sacred.