Ferdinand Piech

Piech's grip on VW weakened by row with CEO

April 19, 2015 18:12 CET

Volkswagen Chairman Ferdinand Piech's iron grip on the German carmaker has been severely weakened following a dramatic confrontation with senior board members last week that nearly resulted in a push to oust him, sources told Reuters....
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VW board members came close to demanding Piech's resignation, paper says

April 18, 2015 22:33 CET

Senior members of Volkswagen's supervisory board were prepared to demand Chairman Ferdinand Piech's resignation had he not agreed to a statement backing CEO Martin Winterkorn, a German newspaper reported. Piech had initially resisted pressure from other board members to back Winterkorn during an emergency meeting....
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VW's top board group backs Winterkorn as 'best possible' CEO

6:39 am U.S. ET | April 17, 2015

Volkswagen AG's supervisory board leadership panel backed CEO Martin Winterkorn, defusing a power struggle with Chairman Ferdinand Piech in saying Winterkorn is the "best possible" chief executive for the German automaker....
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VW to issue statement on leadership today, report says

April 16, 2015 14:41 CET

VW is expected to issue a statement on Friday following a meeting of top executives on Thursday afternoon to discuss a leadership crisis sparked by negative comments from chairman Ferdinand Piech against CEO Martin Winterkorn, according to a report....
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VW panel to meet today on leadership crisis, source says

April 15, 2015 19:08 CET

The steering committee of VW Group's supervisory board will meet today to try to resolve a leadership crisis caused by the exposure of a rift between its CEO and chairman, a source told Reuters....
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VW struggle in 'diplomacy phase' as investors weigh CEO change

April 15, 2015 12:11 CET

Volkswagen's leadership crisis has burst into the open with Chairman Ferdinand Piech's public denunciation of CEO Martin Winterkorn, but the standoff is now more likely to play out behind closed doors. Piech, 77, will meet his cousin, Wolfgang Porsche, and other family members to discuss the rift his comments appear to have opened up, sources said....
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Piech, Winterkorn to discuss VW leadership crisis, report says

April 14, 2015 10:22 CET

Volkswagen Chairman Ferdinand Piech and the automaker's CEO, Martin Winterkorn, will discuss the company's leadership crisis when they meet in the next few days, a German newspaper reported. The two executives will discuss Piech's statement that he doesn't want Winterkorn to succeed him as VW chairman, the report said....
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Wolfgang Porsche backs VW chief Winterkorn after Piech's criticism

9:49 am U.S. ET | April 12, 2015

VW board member Wolfgang Porsche threw his support behind Volkswagen CEO Martin Winterkorn two days after his cousin and VW Chairman Ferdinand Piech publicly criticized the chief executive. The comments by Porsche indicates that Piech, who has spent almost 22 years at the helm of VW, nine as CEO, may be isolated within the supervisory board....
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VW board members back Winterkorn after Piech criticism creates crisis

April 12, 2015 16:47 CET

Volkswagen Chairman Ferdinand Piech faces resistance within the automaker's supervisory board to his criticism of CEO Martin Winterkorn, deepening a leadership crisis at the automaker. Piech publicly withdrew his confidence in Winterkorn but major VW power players including the powerful works council, the state of Lower Saxony and Piech's cousin, Wolfgang Porsche, rallied to Winterkorn's side....
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VW in full-blown crisis as Winterkorn pledges to fight for job

8:15 am U.S. ET | April 11, 2015

Volkswagen has plunged into a full-blown leadership crisis after CEO Martin Winterkorn let it be known on Saturday he will fight for his job even though the company's powerful chairman has reportedly withdrawn confidence in the chief executive....
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Winterkorn will not succeed Piech as VW chairman, report says

April 10, 2015 15:09 CET

Volkswagen CEO Martin Winterkorn has no chance of succeeding Ferdinand Piech as the automaker's chairman, a German magazine reported. The relationship between Piech and Winterkorn is unsettled, the magazine reported....
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VW Chairman Piech, Porsche family on witness list in hedge-fund lawsuit

March 18, 2015 11:35 CET

VW Group Chairman Ferdinand Piech and Porsche SE Chairman Wolfgang Porsche are among 21 people who will be asked to testify by a German court in a 1.8 billion euro lawsuit filed by two U.S. hedge funds....
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Cost-cutting VW baffles experts with Phaeton plans

Jan. 28, 2015 10:05 CET

With VW having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading the money-losing Phaeton premium sedan. Analysts say the costly car should be axed....
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CHRISTIAAN HETZNER

BLOG: VW's Diess takes pole position to replace Winterkorn

6:30 am U.S. ET | Dec. 9, 2014

VW's announcement that it poached BMW development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in pole position to succeed Martin Winterkorn as VW Group boss....
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CHRISTIAAN HETZNER

BLOG: VW's Diess takes pole position to replace Winterkorn

6:30 am U.S. ET | Dec. 9, 2014

VW's announcement that it poached BMW development chief Herbert Diess to run its flagship VW brand puts the 56-year-old manager in pole position to succeed Martin Winterkorn as VW Group boss....
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Audi's F1 entry subject of feasibility study, report says

Dec. 8, 2014 10:39 CET

VW Group is conducting a feasibility study under former Ferrari executive Stefano Domenicali on whether Audi should enter Formula One to challenge Mercedes, a report said....
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CHRISTIAAN HETZNER

BLOG: Dissecting Daimler's motorcycle deal

12:53 pm U.S. ET | Oct. 31, 2014

Daimler's purchase of a stake in motorbike brand MV Agusta is nothing like Audi's purchase of Ducati....
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Porsche SE profits rise 17%; acquisitions planned

Aug. 8, 2014 06:01 CET

Porsche Automobil Holding posted a 17 percent rise in second-quarter after-tax profits to 1.01 billion euros ($1.35 billion)....
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CHRISTIAAN HETZNER

BLOG: Audi's war chest could buy Fiat Chrysler

12:01 am U.S. ET | Aug. 7, 2014

If there is one thing that Audi's first-half results prove, it's that VW Group's premium brand earns so much cash it could easily swallow Fiat-Chrysler whole...
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GUIDO REINKING

BLOG: Fiat would find a safe haven in VW

4:59 am U.S. ET | July 29, 2014

Reports that VW may buy Fiat-Chrysler sound improbable, but the idea has appeal. It would allow VW to overcome its weakness in North America and offer Fiat Chrysler a safe haven....
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Marchionne says Fiat Chrysler tie-up with VW was never on agenda

July 23, 2014 12:27 CET

Fiat Chrysler CEO Sergio Marchionne quashed all speculation of a possible tie-up with Volkswagen, saying the idea had never been on the agenda....
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NEWS ANALYSIS

A VW-FCA deal would be risky, reasonable

12:01 am U.S. ET | July 21, 2014

If Volkswagen does buy Fiat Chrysler -- despite the companies' denials of a report that they are in talks -- it would be because the fixations of VW Chairman Ferdinand Piech may line up perfectly with the needs of the family that controls Fiat Chrysler....
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Ticket to Automotive Hall of Fame: Great ideas, staying power, impact

12:01 am U.S. ET | July 21, 2014

This year's Automotive Hall of Fame inductees -- Keith Crain, Ferdinand Piech, Dave Power and Alex Tremulis -- have a lot in common....
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EDWARD NIEDERMEYER

Hungry VW wants to devour Fiat Chrysler

2:28 pm U.S. ET | July 18, 2014

What appears on the surface to be just another twist in the ego-driven soap opera between VW's visionary leader Ferdinand Piech and FCA's scrappy boss Sergio Marchionne may actually presage the next round of auto industry consolidation....
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A VULNERABLE GIANT

Volkswagen's soaring growth under Piech masks troubles

12:01 am U.S. ET | July 14, 2014

During his two-decade reign, Volkswagen Group Chairman Ferdinand Piech has created an automotive giant with broad geographic reach. But industry analysts say the No. 3 global automaker may be too vast and fractured to stay cohesive after Piech's departure....
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Seattle VW dealer mixes metrics and fun

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