AID Newsletter banner July 2014 the publication for automotive industry executives
Subscribe  |  FREE SAMPLE   Front Page Editions  |  Current Issue page 1  |  BACK COPIES  |  Info  |  REPORTS  |  CONSULTANCY SERVICES  |   CONTACT  |  MEMBERS 
BRIC  |  CHINA  |  DIESELS  |  EDITORIALS  |  ELECTRIC  |  NEW PRODUCT  |  PREMIUM BRANDS  |  STOCK MARKET VIEW  |  TRUCKS  |  USA  |  WESTERN EUROPE

STOCK MARKET VIEW
Wagnerian tragedy on Wolfsburg stage
Hard-nosed VW chairman Piëch starts VW leadership turmoil

Published: Mon, 13 Apr 2015 16:50:43 GMT

Martin Winterkorn Porsche and Piech sitting together Geneva Motor Show

Winterkorn expected to see out his contract as VW CEO - Müller, CEO of Porsche, favoured to succeed Winterkorn

Volkswagen Chairman Ferdinand Piëch has thrown the future leadership of the company into question with his withdrawal of support for VW CEO Martin Winterkorn. 

Winterkorn, 67, has been in place since 2007, and was expected to take over from 77 year old Piëch when he retires in 2017.

The news emerged following a Piëch interview with German magazine Der Spiegel in which Piëch said he was “keeping himself at a distance” from the CEO.

Some of the various factions on the Volkswagen board have made it clear that Piëch doesn’t have a majority of the votes. 

Lower Saxony, with one-fifth of the shares, was with Winterkorn, as were some Porsche controlling family members and union boss Bernd Osterloh too
...more

MORE LIKE THIS:

> STOCK MARKET VIEW | Tesla investors shaken by S&P “junk” rating  03 Jun 2014


> STOCK MARKET VIEW | BMW expected to continue hot profit streak  15 May 2014


> STOCK MARKET VIEW | Lame recovery replaces European slump  03 Mar 2014


 

 

 

To continue reading this article, please register for a free sample without obligation...

Please note that eagleAID.com is a subscriber-only site, and as such it can only be viewed by subscribers to the newsletter.