Age, Biography and Wiki

José Ignacio López de Arriortúa was born on 18 January, 1941 in Amorebieta, Spain, is a Former. Discover José Ignacio López de Arriortúa's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 82 years old?

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Occupation Former Head of Process Optimization and Procurement at Volkswagen
Age 83 years old
Zodiac Sign Capricorn
Born 18 January 1941
Birthday 18 January
Birthplace Amorebieta, Spain
Nationality Spain

We recommend you to check the complete list of Famous People born on 18 January. He is a member of famous Former with the age 83 years old group.

José Ignacio López de Arriortúa Height, Weight & Measurements

At 83 years old, José Ignacio López de Arriortúa height not available right now. We will update José Ignacio López de Arriortúa's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
Sibling Not Available
Children Not Available

José Ignacio López de Arriortúa Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is José Ignacio López de Arriortúa worth at the age of 83 years old? José Ignacio López de Arriortúa’s income source is mostly from being a successful Former. He is from Spain. We have estimated José Ignacio López de Arriortúa's net worth , money, salary, income, and assets.

Net Worth in 2023 $1 Million - $5 Million
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Former

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Timeline

1996

In 1993, Volkswagen poached Lopez and three GM purchasing executives, and he was appointed Head of Process Optimization and Procurement. VW chairman Ferdinand Piëch who aimed to cut costs had wooed Lopez with the promise that a plant would be built in the Basque region of Spain, while Lopez's lean production system would be applied to the existing Wolfsburg plant. GM immediately filed a civil suit against VW for corporate espionage for Lopez taking documents to VW relating to key GM trade secrets for factory operations, supplier prices, and Opel new car designs, plus Lopez's hiring would have violated his non-compete clause with GM. Around the same time, in what was called the "Lopez Affair" by the press, German authorities raided the offices and homes of Lopez and the three former GM executives as part of an investigation that led to criminal charges being filed on December 12, 1996 (the charges were dropped in 1998), while US authorities unsuccessful requested his extradition from Spain on similar charges. Three days after a U.S. court in Detroit ruled that federal racketeering laws could be invoked in GM's civil suit against VW which could potentially result in triple damages, Lopez resigned from VW on November 30, 1996, which was also seen as a step for VW to distance itself from the scandal. In 1997 a settlement was reached where VW paid $100 million in damages to GM, and agreed to buy $1 billion in GM parts over seven years.

After resigning from VW in 1996, Lopez established a consulting practice in Spain and later on unsuccessfully attempted to establish a Spanish car company.

1980

Lopez joined GM in 1980. Initially working at the Zaragoza plant, he became Head of Purchasing for GM's subsidiary Opel in Rüsselsheim in 1987. There he established consumer price driven production methods dubbed "Purchased Input Concept Optimisation with Suppliers" or PICOS, which reversed commonly held supplier-manufacturer relations in the automotive industry. When GM Europe President Jack Smith was promoted to CEO of the parent GM, Lopez was appointed global Vice President of Procurement where he relocated to Detroit, and applied his PICOS processes which resulted in reported savings of US$1bn. After only one year in his position, Lopez abruptly resigned from GM in 1993, purportedly as executives decided to build an automotive plant with his lean production system in Poland or Hungary instead of his native Spain as initially promised. Smith offered to promote Lopez to president of North American operations, but Lopez had already departed for Wolfsburg having accepted a position at Volkswagen. In leaving Detroit, Lopez has claimed that his family wanted to return to Europe.

1966

Lopez was born in Amorebieta, Basque Country, Spain, where his father ran a car repair workshop. He studied manufacturing engineering and operations control in Bilbao. He was awarded a Doctor of Engineering in 1966.

1941

José Ignacio López de Arriortúa (born 18 January 1941) is a Spanish businessman who held senior positions at Opel, General Motors and Volkswagen. He was known for his assertive style dealing with suppliers, managing lean production and driving down cost.