Ferdinand Piech

Winterkorn vows to revamp VW

12:01 am U.S. ET | May 11, 2015

Volkswagen CEO Martin Winterkorn, who last month survived an attempted ouster by his boss, told 5,000 VW managers that he plans to restructure the giant German automaker....
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VW CEO Winterkorn to present new structure for automaker by October

May 8, 2015 15:23 CET

VW CEO Martin Winterkorn has told senior staff that he will present a new structure for the automaker by October at the latest....
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VW's Renschler to replace Piech as MAN chairman

May 6, 2015 11:26 CET

Andreas Renschler, the board member in charge of commercial vehicles at Volkswagen Group, will replace Ferdinand Piech as chairman of truck maker MAN. Piech resigned from all his supervisory board posts on April 25 after losing a showdown with VW CEO Martin Winterkorn....
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CHRISTIAAN HETZNER

BLOG: Piech's absence dominates VW annual meeting

6:43 am U.S. ET | May 5, 2015

Ferdinand Piech may cause VW's leadership more headaches than ever before. At VW's annual meeting today, the shadow of the VW patriarch seemed to follow CEO Martin Winterkorn wherever he went....
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VW to discuss new leadership structure as it seeks Piech successor

May 5, 2015 10:22 CET

Volkswagen's board will meet next month to discuss a new structure such as aligning individual brands more closely as the automaker seeks to return its focus to business following the shock ouster of former patriarch Ferdinand Piech....
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CHRISTIAAN HETZNER

BLOG: Piech's absence dominates VW annual meeting

6:43 am U.S. ET | May 5, 2015

Ferdinand Piech may cause VW's leadership more headaches than ever before. At VW's annual meeting today, the shadow of the VW patriarch seemed to follow CEO Martin Winterkorn wherever he went....
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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 board to discuss chairman search

7:49 am U.S. ET | May 4, 2015

Volkswagen's supervisory board today will discuss finding a new chairman to fill the void left by Ferdinand Piech's sudden departure last month, sources told Reuters....
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KEITH CRAIN

Piech's out at VW -- for the moment

12:01 am U.S. ET | May 4, 2015

Late last month, Ferdinand Piech resigned from his position as chairman of Volkswagen's supervisory board. Reportedly he was given the choice of resigning or being dismissed. For the first time in more than half a century, Piech is out of work -- for the moment....
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RICHARD JOHNSON

Piech's fall is a familiar tale in this industry

12:01 am U.S. ET | May 4, 2015

Let's see, patriarch of giant auto group and acclaimed automotive genius late in life squabbles with members of his own family and is forced to give up power....
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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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VW workers back new board members after Piech exit

May 1, 2015 20:10 CET

Volkswagen's works council has backed the automaker's choice of two new supervisory board members, appointments reportedly opposed by newly departed Chairman Ferdinand 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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CHRISTIAAN HETZNER

BLOG: Why Piech's departure is bad for the industry

12:01 am U.S. ET | April 27, 2015

The stunning resignation of VW Chairman Ferdinand Piech robs the industry of perhaps its most fascinating figure. The gifted engineer is the only third-generation member of the Porsche-Piech clan to display the same extraordinary talent as his grandfather, Beetle creator Ferdinand Porsche, and uncle Ferry Porsche....
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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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LEADERSHIP CRISIS AT VOLKSWAGEN

Piech exit to shake up VW's politburo, creating U.S. opportunity

April 27, 2015 12:00 CET

The sudden departure of VW Group Chairman Ferdinand Piech may loosen his politburo-style management on the automaker, which could help VW finally start making cars Americans want to buy....
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VW investors hope Piech exit may usher in change

7:09 am U.S. ET | April 27, 2015

Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech....
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CHRISTIAAN HETZNER

BLOG: Why Piech's departure is bad for the industry

5:16 am U.S. ET | April 26, 2015

The stunning resignation of VW Chairman Ferdinand Piech robs the industry of perhaps its most fascinating figure. The gifted engineer is the only third-generation member of the Porsche-Piech clan to display the same extraordinary talent as his grandfather, Beetle creator Ferdinand Porsche, and uncle Ferry Porsche....
Read More »

VW board demanded Piech go after learning of secret plot

8:44 pm U.S. ET | April 26, 2015

Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of 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. His ouster also leaves a void at the top of Europe's largest carmaker and a host of questions about the future shape of the company. Most urgent among them is who will replace Piech in the crucial role of chairman....
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Piech's reign ends after 500-mile trek to German city that once honored him

1:47 pm U.S. ET | April 26, 2015

Ferdinand Piech's two decades of unyielding authority over Volkswagen ended after a 500-mile journey to Braunschweig, a small city in central Germany where just last year he was feted as a savior of jobs....
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Piech resigns as VW chairman after failing to oust CEO

12:38 pm U.S. ET | April 25, 2015

Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as chairman on Saturday after losing a showdown with CEO Martin Winterkorn. Piech, the 78-year-old grandson of the inventor of the VW Beetle, had previously ousted other executives who crossed him, including his hand-picked successor as Volkswagen CEO, Bernd Pischetsrieder....
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NEWS ANALYSIS

Ruthless VW patriarch Piech overplays last hand, ending era

8:29 pm U.S. ET | April 25, 2015

Ferdinand Piech's iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40-ton trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world's biggest carmaker....
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VW leadership crisis escalates as board members criticize Piech

April 24, 2015 15:39 CET

VW's leadership crisis is refusing to go away, a week after its warring chairman and CEO officially put aside their differences, sources told Reuters. Chairman Ferdinand Piech, who was forced to back CEO Martin Winterkorn April 17, asked Porsche CEO Matthias Mueller this week to be ready to replace Winterkorn, Der Spiegel reported Friday....
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