Franz josef paefgen biography
Franz-Josef Paefgen (born in Büttgen) is a German engineer and manager..
Ing. Dr. Franz-Josef Paefgen joined Bentley Motors at a crucial time in It was almost four years after Volkswagen AG acquired it, and the company was floundering under management by an engineer whose ego, many said, exceeded his expertise.
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Ferdinand Piech & Franz-Josef Paefgen
VW AG Chairman Ferdinand Piech needed to put VWs billion pound investment in safe hands, and he chose the highly experienced and aristocratic Paefgen. VW had committed funds not only to acquire the British carmaker, but had also signed off on the project which would make or break it - the Continental GT.
In addition VW AG also committed to underwrite Bentleys very expensive return to racing in the 24 Hours of Le Mans.
There was a great deal at stake for Volkswagen. It may have been a giant corporation creating lots of revenue, but the Bentley exercise was destined to become Ferdinands Folly if its lack of direction wasnt corrected.
Having already enjoyed an im