Wolfgang Porsche

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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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

VW's struggles in key markets threaten momentum as post-Piech era looms

July 7, 2014 06:01 CET

VW Group Chairman Ferdinand Piech has succeeded in creating an automotive giant with huge cash reserves. However, problems gaining a foothold in key markets and a delicate power balance could threaten VW after Piech departs....
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