Management Changes

Winterkorn says it will take time to replace Piech on Audi board

May 22, 2015 16:10 CET

Audi Chairman Martin Winterkorn said finding a board replacement for Ferdinand Piech will take time. Piech quit his Audi board role along with other VW Group posts last month after a public showdown with Winterkorn....
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VW works council boss calls for cuts to management board

May 21, 2015 15:40 CET

The head of Volkswagen Group's works council, Bernd Osterloh, has called for a pared-down management structure at the carmaker following the departure of Ferdinand Piech as the automaker's chairman....
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Citroen names former BMW exec as China director

May 20, 2015 13:06 CET

Former BMW executive Sabine Scheunert is the new head of Citroen in China. Scheunert is the first woman to become director of a European brand in China and is responsible for Citroen's largest single market....
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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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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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BMW's new CEO starts in shadow of predecessor's shift to chairman

May 13, 2015 10:50 CET

The first test facing Harald Krueger, BMW Group's new CEO, will be to emerge from the shadows of his predecessor, Norbert Reithofer, who will be watching over his shoulder as the new chairman....
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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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JAMIE LaREAU

BLOG: Lithia reaches out to women in step toward industry evolution

12:13 pm U.S. ET | May 6, 2015

Lithia has about 10,000 employees -- a quarter of them are women. But Lithia wants to hire more women at every level and it's doing something about it....
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Dongfeng names new chairman amid merger reports

May 6, 2015 11:03 CET

Chinese automaker Dongfeng, which has a 14 percent stake in PSA, has appointed a former president of FAW Group as its new chairman amid reports the government is preparing to merge it with FAW, a joint venture partner of VW....
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Hyundai names new Europe chief

May 4, 2015 15:09 CET

Hyundai said company veteran Hyung Cheong Kim is the new president and CEO of its European operations, the third major reshuffle for the automaker in the region in less than a year. Kim replaces Byung Kwon Rhim, who moves to Seoul to head Hyundai Motors' international sales division....
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Hella says its finance chief will leave

April 29, 2015 11:41 CET

Hella, a German manufacturer of auto headlights and electronics, said its finance chief Wolfgang Ollig had asked that his contract not be renewed when it runs out in mid-2016....
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Sogefi names former Faurecia exec as new CEO

April 27, 2015 15:58 CET

Italian supplier Sogefi has named Laurent Hebenstreit as its new CEO. Hebenstreit, 54, a former director at Faurecia and Plastic Omnium, will succeed Guglielmo Fiocchi, who left the company late last year....
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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 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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Piech denies reports saying he wants to oust Winterkorn

April 23, 2015 13:07 CET

Volkswagen Chairman Ferdinand Piech denied reports that he is seeking to oust CEO Martin Winterkorn, a German newspaper reported, quoting Piech. Separate German media reports had said that Piech aims to push out Winterkorn ahead of the carmaker's May 5 annual shareholder meeting....
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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 automaker has been severely weakened after a confrontation with senior board members over the future of CEO Martin Winterkorn. The dispute could cost Piech his job as key power players at the automaker move to oust him, a German newspaper reported....
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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 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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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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Kia's new bosses have a tough act to follow

12:01 am U.S. ET | April 13, 2015

The departure of Kia's top U.S. executive, Byung Mo Ahn, marks a pivotal moment for a brand that has enjoyed unprecedented growth and stability. Successor Jang Won Sohn and the just-promoted Michael Sprague are confronting intensified competition in small and midsize cars, where Kia has specialized....
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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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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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Hamp, Toyota's first female senior exec, says building trust is top priority

12:15 pm U.S. ET | April 3, 2015

Julie Hamp this week became Toyota's first female senior executive, overseeing global communications from Toyota City. Hamp said today her top priority is building trust at the automaker -- fixing disconnects between how Toyota sees itself and how outsiders view the company....
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Nissan's Munoz on dealers: 'You grow or you go'

Nissan's Munoz on dealers: 'You grow or you go'

Nissan N.A. boss Jose Munoz continues to push U.S. dealers for a big jump in market share while deflecting complaints that his stair-step sales targets are too hard to achieve.
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