April 29, 2025
Auto

Gold of the Nibelungs: How Siegfried Wolf “Dispensed” Billions for the GAZ Group

  • April 20, 2023
  • 0

Does anyone else remember the strong proposal of the honored businessman Siegfried Wolf, the former head of Magna Steyr and the former chairman of the board of directors

Does anyone else remember the strong proposal of the honored businessman Siegfried Wolf, the former head of Magna Steyr and the former chairman of the board of directors of the GAZ Group? It consisted in restoring the auto industry in Russia for 60 billion rubles, in case you suddenly forgot. The AvtoVzglyad portal revives an abandoned sensation and tries to understand if it originally contained something other than hype.

A little background. All the fuss started with the fact that in January the well-known businessman Siegfried Wolf sent a letter to no one but directly to Russian President Vladimir Putin, proposing some kind of plan to revive the crooked Russian auto industry. The Spiegel edition fragmentarily reproduces the text of the letter: “In today’s difficult conditions, there is a shortage of quality cars in Russia. A new investment project to restart passenger car production” could “solve this problem” A strange way to quote two words to the third, but these are Germans – what to take from them.

In short, Wolf was eager to carry out a cool project together with the GAZ Group in two factories that once belonged to Volkswagen, for which he needed the 60 billion rubles that he requested directly from Putin. Siegfried would create a total of more than 12,000 high-tech jobs and in an unknown way annually produce 270,000 cars – converted Skoda models in the design of the legendary Volga and Pobeda.

In general, in the letter from “Der Spiegel” everything is not as good as great! Let’s start at the end. The design of the Volgo Victory was, without a doubt, beautiful for its time. And even now it is pleasant to look at these cars, but only if you consider that this is a deep retro, which is unlikely to be in demand from a modern buyer.

But let’s move on. Of course it is possible to produce Rapids and Octavias in Russia. But what is Herr Wolf going to get electronic systems and other technological components for, which are missing in our homeland? Somehow cunningly bring it abroad through their extensive channels and import it in a gray way? Volumes are not planned. Follow the example of AvtoVAZ, which prefers to produce cars without basic security systems? Also a very questionable decision.

There is also a third possibility. Siegfried Wolf, like the hero of the German-Scandinavian epic of the same name, will heroically defy fate and unanimously collect the entire technological chain broken in a hundred places within the Russian borders, remaining within the amount originally requested from Putin. Well, in this case, he will be worthy of a monument in his lifetime. But what can be downplayed – six dozen monuments, according to the number of billions mastered. This is not a joke.

But something isn’t quite right with these “Der Spiegel” revelations, frankly. The mysterious letter was sent to the addressee in January. However, the publication only made it public in early April, and already with a resolution allegedly written on it in the energetic handwriting of the President of Russia: “Given the state of the automotive industry, we can support the idea.” This can only mean one thing: information has been leaked from the presidential apparatus. To top it off, Spiegel quotes from a letter from the governor of the Nizhny Novgorod region, without mentioning him by name: “The undeniable advantages of this project lie in the use of a quality European basic product.” Who do you think this letter was sent to? That’s right, the president.

Another oddity is that the Austrian businessman allegedly assured that an agreement in principle had already been reached with Volkswagen’s top management and that the decision would be finally approved by the company’s supervisory board by March at the latest. But after the message became public, that supreme leadership immediately denied everything. The official statement states that the board knew nothing about the letter itself, nor the irritating (appreciate the businesslike style!) content.

At the same time, it (the management) did not fail to hint that the whole saga was started exclusively by the villain Siegfried Wolf as revenge for the fact that his company PromAvtoConsult was not approved by Volkswagen as a buyer of Russian assets, although it claimed to be . Somehow insignificant for high-ranking bourgeois, and the motive is so-so – there is no real benefit.

The situation seems so phantasmagorical that one involuntarily wants to stumble upon conspiracy theories. What if this is just a way to re-emphasize Volkswagen’s loyalty to the sanctions policy? In order, so to speak, to gain favor with the world authorities, if the deliberate hunt for violators of the sanctions regime organized by her did not make the right impression on anyone? And at the same time, this was an excellent reason to smear Siegfried Wolf, whom the suddenly emboldened Germans suspected of strong business and friendly personal relations with Vladimir Putin.

Previously, such thoughts could hardly penetrate a sane head – after all, Volkswagen is run by respectable adults. However, there is less and less confidence that truly serious professionals take care of business in the West on a daily basis. Especially after the recent “leak” of classified Pentagon documents, on which analysts still do not have a common opinion – is it a provocation, or is it a subtle hint, or is it true, true. Or is it just ill-calculated stupidity.

Photo by globallookpress.com
Manufacturer’s photo.

A little background. All the fuss started with the fact that in January the well-known businessman Siegfried Wolf sent a letter to no one but directly to Russian President Vladimir Putin, proposing some kind of plan to revive the crooked Russian auto industry. The Spiegel edition fragmentarily reproduces the text of the letter: “In today’s difficult conditions, there is a shortage of quality cars in Russia. A new investment project to restart passenger car production” could “solve this problem” A strange way to quote two words to the third, but these are Germans – what to take from them.

In short, Wolf was eager to carry out a cool project together with the GAZ Group in two factories that once belonged to Volkswagen, for which he needed the 60 billion rubles that he requested directly from Putin. Siegfried would create a total of more than 12,000 high-tech jobs and in an unknown way annually produce 270,000 cars – converted Skoda models in the design of the legendary Volga and Pobeda.

In general, in the letter from “Der Spiegel” everything is not as good as great! Let’s start at the end. The design of the Volgo Victory was, without a doubt, beautiful for its time. And even now it is pleasant to look at these cars, but only if you consider that this is a deep retro, which is unlikely to be in demand from a modern buyer.

But let’s move on. Of course it is possible to produce Rapids and Octavias in Russia. But what is Herr Wolf going to get electronic systems and other technological components for, which are missing in our homeland? Somehow cunningly bring it abroad through their extensive channels and import it in a gray way? Volumes are not planned. Follow the example of AvtoVAZ, which prefers to produce cars without basic security systems? Also a very questionable decision.

There is also a third possibility. Siegfried Wolf, like the hero of the German-Scandinavian epic of the same name, will heroically defy fate and unanimously collect the entire technological chain broken in a hundred places within the Russian borders, remaining within the amount originally requested from Putin. Well, in this case, he will be worthy of a monument in his lifetime. But what can be downplayed – six dozen monuments, according to the number of billions mastered. This is not a joke.

But something isn’t quite right with these “Der Spiegel” revelations, frankly. The mysterious letter was sent to the addressee in January. However, the publication only made it public in early April, and already with a resolution allegedly written on it in the energetic handwriting of the President of Russia: “Given the state of the automotive industry, we can support the idea.” This can only mean one thing: information has been leaked from the presidential apparatus. To top it off, Spiegel quotes from a letter from the governor of the Nizhny Novgorod region, without mentioning him by name: “The undeniable advantages of this project lie in the use of a quality European basic product.” Who do you think this letter was sent to? That’s right, the president.

Another oddity is that the Austrian businessman allegedly assured that an agreement in principle had already been reached with Volkswagen’s top management and that the decision would be finally approved by the company’s supervisory board by March at the latest. But after the message became public, that supreme leadership immediately denied everything. The official statement states that the board knew nothing about the letter itself, nor the irritating (appreciate the businesslike style!) content.

At the same time, it (the management) did not fail to hint that the whole saga was started exclusively by the villain Siegfried Wolf as revenge for the fact that his company PromAvtoConsult was not approved by Volkswagen as a buyer of Russian assets, although it claimed to be . Somehow insignificant for high-ranking bourgeois, and the motive is so-so – there is no real benefit.

The situation seems so phantasmagorical that one involuntarily wants to stumble upon conspiracy theories. What if this is just a way to re-emphasize Volkswagen’s loyalty to the sanctions policy? In order, so to speak, to gain favor with the world authorities, if the deliberate hunt for violators of the sanctions regime organized by her did not make the right impression on anyone? And at the same time, this was an excellent reason to smear Siegfried Wolf, whom the suddenly emboldened Germans suspected of strong business and friendly personal relations with Vladimir Putin.

Previously, such thoughts could hardly penetrate a sane head – after all, Volkswagen is run by respectable adults. However, there is less and less confidence that truly serious professionals take care of business in the West on a daily basis. Especially after the recent “leak” of classified Pentagon documents, on which analysts still do not have a common opinion – is it a provocation, or is it a subtle hint, or is it true, true. Or is it just ill-calculated stupidity.

Source: Avto Vzglyad

Leave a Reply

Your email address will not be published. Required fields are marked *

Exit mobile version