Wolfgang Porsche

Former Porsche communications chief charged with aiding market manipulation

Aug. 17, 2015 16:17 CET

A German prosecutor charged Porsche's former communications chief, Anton Hunger, with aiding market manipulation related to the purchase of Volkswagen Group shares, after dropping identical charges against Porsche's supervisory board....
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German prosecutors drop case against Porsche board

Aug. 14, 2015 18:20 CET

German prosecutors have dropped a case against members of Porsche Automobil's supervisory board, which includes Ferdinand Piech and Wolfgang Porsche, for suspected market manipulation. But they are still pursuing a separate case against Porsche's former CEO and CFO....
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VW interim chairman to stay on, hunt for Piech successor continues, report says

9:59 am U.S. ET | July 12, 2015

Volkswagen AG is still looking for a successor to former chairman Ferdinand Piech, meaning the interim holder of the position, Berthold Huber, is likely to stay until at least the end of the year, a German newspaper reported....
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BMW is one big, happy family as squabbles damage rival Volkswagen

May 14, 2015 11:17 CET

The normally secretive Quandt family, which controls a majority stake in BMW, praised the company's seamless appointment of CEO Harald Krueger as rival VW Group inspects the damage from a bitter leadership crisis....
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CHRISTIAAN HETZNER

BLOG: Piech casts shadow over Porsche's annual meeting

9:43 am U.S. ET | May 13, 2015

Ferdinand Piech upstaged his cousin Wolfgang Porsche and former protege Martin Winterkorn by missing the annual meeting of the family holding company that holds a majority stake in Volkswagen, proving once again that the threat of a Piech-style revenge still casts a shadow over the two companies....
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Piech avoids family showdown over VW

May 13, 2015 11:41 CET

Ferdinand Piech avoided a showdown with his cousin, Wolfgang Porsche, by not attending today's annual shareholders meeting of his family's holding company that controls a majority stake in Volkswagen Group....
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Porsche SE plans car-connectivity investments

May 13, 2015 16:22 CET

Porsche SE, the controlling shareholder of Volkswagen Group, plans to use its cash to invest in car-connectivity technology as part of a push to expand its portfolio beyond the automaker....
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Christiaan Hetzner

BLOG: Piech casts shadow over Porsche's annual meeting

9:43 am U.S. ET | May 13, 2015

Ferdinand Piech upstaged his cousin Wolfgang Porsche and former protege Martin Winterkorn by missing the annual meeting of the family holding company that holds a majority stake in Volkswagen, proving once again that the threat of a Piech-style revenge still casts a shadow over the two companies....
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VW board to discuss recruitment of new chairman, reports say

May 4, 2015 13:35 CET

Volkswagen's supervisory board was meeting to discuss finding a new chairman to fill the void left by Ferdinand Piech's departure, reports said. The meeting precedes what is likely to be a tense annual gathering of VW shareholders on Tuesday....
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VW power struggle is over, Lower Saxony premier says

May 3, 2015 11:41 CET

The head of the German state of Lower Saxony, which owns 20 percent of Volkswagen, said a power struggle at the automaker that led to the resignation of VW patriarch Ferdinand Piech is over. Decisions regarding the replacement of Piech and his wife, Ursula, on VW's supervisory board had been taken, the prime minister told German newspaper Bild....
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NEWS ANALYSIS

Why the wrong side lost in VW's battle

May 1, 2015 06:01 CET

All good dictatorships come to an end and so it is with that of Ferdinand Piech, the patriarch who has ruled the Volkswagen Group since 1993, taking it from near-bankruptcy to challenging Toyota as the world's biggest automaker. Regrettably, the wrong side has lost in the battle to succeed Piech....
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NEWS ANALYSIS

VW's search begins for perfect post-Piech chairman

April 27, 2015 18:09 CET

After Ferdinand Piech's resignation as chairman, VW's supervisory board has an opportunity to give stakeholders and investors clarity regarding the automaker's long-term future while simultaneously setting up the automaker for even bigger financial gains. The trick will be picking the perfect successor to Piech....
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Piech, Wiedeking unlikely to testify in hedge-fund case against Porsche SE

April 27, 2015 15:20 CET

Hedge funds involved in a legal fight against Porsche SE seemed to score a victory when a German court asked 21 people, including former VW Chairman Ferdinand Piech and ex-Porsche CEO Wendelin Wiedeking, to testify. Most of the witnesses will likely assert their right not to testify....
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LEADERSHIP CRISIS AT VOLKSWAGEN

VW board members demanded Piech go after learning of secret plot

April 27, 2015 08:38 CET

Ferdinand Piech, who resigned as chairman of VW Group over the weekend, caused his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board....
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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 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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Turmoil pushes Porsche chief to forefront of potential CEO race at VW

11:14 am U.S. ET | April 14, 2015

A rift between Volkswagen AG's two most senior executives threatens to create a power vacuum that's set to hasten the search for a new leader. Matthias Mueller, who oversees the Porsche sports-car division, may hold the best cards with his background in engineering and operational experience....
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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 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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