Volkswagen top "infighting" chairman, president publicly approved

Posted on 4/13/2015 3:54:15 PM

According to the BBC report, the Chairman of the Supervisory Board of Volkswagen Group, Ferdinand Piech and CEO Martin Winterkorn happen "infighting" relationship into an unstable state. Piech 11th president publicly criticized Winterkorn said in an interview.
Reported that Piech told German "Der Spiegel", he has been with Martin Winterkorn, "to pull away." Winterkorn and VW's contract will expire by the end of next year, after it was widely predicted that he may become the next chairman of the public.
German media analysts said, the original outside of the trust relationship between Piech and cultural Deen quite optimistic, Piech is now such a statement for the public, "kingdom" is tantamount to an earthquake.
Piech and Porsche families family control 51% stake in Volkswagen. Board member Wolfgang Porsche said Piech expressed a "personal views." Porsche is Piech's cousin. He said Piech was not consulted in advance of other family members.
Automotive industry analysis, said Winterkorn served as president for eight years during the big reform and innovation, the public fight the world's most successful car manufacturer.
Piech published on the 11th after criticizing remarks Winterkorn, Volkswagen's small shareholders about Saxony expressed continued support Winterkorn, has 20 seats in the board of directors of public companies also made the same statement the Commission staff.
Some media said that Piech is chairman of the Board of Supervisors, but the actual power Piech, is not limited to the provisions of the scope of the Supervisory Board, it is because, Piech has become the spiritual leader of the masses in the true sense. There are rumors that, if Winterkorn has been won, the incumbent Piech --58-year-old Mrs. Ursula Piech took over as Chairman of the Supervisory Board will be possible, Volkswagen will become a "mom and pop."
2014, Volkswagen ranked second in the world in car sales charts, behind Toyota. Volkswagen sales in the Chinese market also hit a new high. In addition to the "public" VW, Volkswagen's brands include Audi, Porsche, Lamborghini, Po afterburner, Bentley, Skoda and Seat.

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