Kurt Lotz Net Worth

Kurt Lotz Net Worth is
$18 Million

Kurt Lotz Bio/Wiki, Net Worth, Married 2018

Dr. Kurt Lotz (18 September 1912 – 9 March 2005) was the second post-war Chief executive officer (CEO) of the Volkswagen automobile company in Germany. He was nominated in April 1967 to succeed the legendary Heinrich Nordhoff at the end of December 1968. Nordhoff died in April 1968.Lotz was the son of a farmer from the German state of Hesse. During World War II, he became a Luftwaffe general-staff Major, assigned to assessing needs for the military, which Lotz later looked back on as his first experience with industrial planning on a major scale.After the war, Lotz worked as a clerk in Mannheim with the German subsidiary of the Swiss electrical company Brown, Boveri & Cie, which makes all kinds of electrical equipment from home appliances to locomotives. Within twelve years, Lotz rose to chairman. He attempted to diversify the firm, by investing in a small computer company to compete with American computer companies, but when it lost money, a rift between Lotz and his Swiss superiors ensued, and he left. By the time he agreed to become Nordhoff's successor at Volkswagen, he was thought of as a wunderkind of German industry for his rapid rise to the top.Lotz had been scheduled to take over as VW chairman in October 1968, when Nordhoff was to retire; instead, Nordhoff died six months earlier, and Lotz immediately took over then. He made it VW's priority to wean itself off production of its exceedingly popular Beetle when that model began to look dated in comparison to newer small cars in the North American and European markets. Beetle sales actually peaked in the United States the same year Lotz took over. In addition to that, a serious recession in West Germany the previous year, coupled with serious competition at home from Opel and from Ford's newly merged British and German operations, weakened the Beetle's dominace.Lotz bought out the small German carmaker NSU, gaining its expertise in the water-cooled, four-stroke engines and front-wheel-drive layouts necessary to stay ahead of the competition . Work began on a new small car in 1969, a prototype of which was exhibited for the European auto press. The car would become the perennially popular Volkswagen Golf, also known as the Rabbit and the Caribe in the Western Hemisphere.At a time when Germany was swinging decisively towards SPD politics, Lotz as a CDU man found himself increasingly out of tune with the political mood of the time, while his position placed him at the head of a particularly political company. His relationship with the VW trades union leaders was not constructive and he failed to retain the support of the Supervisory Board. The struggle to maintain management control of the business left him with insufficient time to drive through resolution of the increasingly urgent issues involving product policy: he resigned as chairman on 13 September 1971, to be succeeded by Rudolf Leiding.In the Autumn/Fall of 1977 Lotz published a memoir entitled "Lebenserfahrungen - Worüber man i
IMDB Wikipedia

Date Of Birth1912-09-18
Place Of BirthLenderscheid , Hessen


Die 30 beliebtesten Vorsätze2011DocumentaryHimself
Mein Nachmittag2008TV Series documentaryHimself - Host (2008)
DAS!2008TV SeriesHimself
Hessens schönste Burgen2007TV MovieHimself - Host
So'n Schmaus! - Wie der Norden früher aß2006TV Movie documentaryHimself - Host
So'n Schiet! - Die miesesten Jobs von damals2006TV Series documentaryHimself - Host
NDR Tierquiz2005TV SeriesHimself - Host
Das Sat.1 Automagazin2002TV Series documentaryHimself - Host
Gartenduell2001TV Series documentaryHimself - Host
Die Olli Kalk und Brink Show1998TV SpecialHimself
Ehen vor Gericht1970TV SeriesHimself - Host (1999-2000)

Known for movies

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