Ferdinand Piech

THE VW EMISSIONS SCANDAL

VW brand boss Diess will cut expensive engineering habits, report says

Jan. 8, 2016 16:51 CET

VW brand chief Herbert Diess will reduce the automaker's expensive engineering habits by re-using technology and components and avoiding the fussing over details that was common under the company's previous leadership, Bloomberg reported....
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LUCA CIFERRI

BLOG: Get ready for the unexpected in 2016

12:15 am U.S. ET | Jan. 4, 2016

If we have learned anything about the automotive industry in the past few years, it is to expect the unexpected. What will be the big surprises of 2016? Here are few crazy things that just might happen....
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2015 LISTS OF 10

The biggest auto industry blunders of 2015

12:01 am U.S. ET | Dec. 25, 2015

From Volkswagen's diesel emissions scandal to Ford's F-150 crash-test do-over, we look back at the 10 biggest blunders of 2015....
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Chronicler of VW slave labor dies

12:01 am U.S. ET | Nov. 23, 2015

Hans Mommsen's name was not widely known in the English-speaking world, but the German historian exhaustively chronicled a sordid chapter in automotive history: Volkswagen's use of slave labor during Hitler's Third Reich....
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Lutz places blame for VW scandal squarely on Piech

12:01 am U.S. ET | Nov. 9, 2015

Bob Lutz figures he knows what's behind the diesel test-rigging scandal at Volkswagen. He says it's the cutthroat culture at VW created by ex-Chairman Ferdinand Piech....
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LUCA CIFERRI

BLOG: Diesel scandal's winners and losers

12:01 am U.S. ET | Nov. 2, 2015

Volkswagen's diesel scandal is so complex and wide-reaching that it will take months – if not years – before the company settles all of the matters related to its cheating on diesel emissions tests. And while there are plenty of losers as a result of the crisis, there are also some winners....
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LUCA CIFERRI

BLOG: Dieselgate's winners and losers

12:01 am U.S. ET | Nov. 2, 2015

Volkswagen's Dieselgate scandal is so complex and wide-reaching that it will take months – if not years – before the company settles all of the matters related to its cheating on diesel emissions tests. And while there are plenty of losers as a result of the crisis, there are also some winners....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

How VW stumbled so badly and what it needs to do to recover

Nov. 2, 2015 06:01 CET

Despite VW's internal policing system, the manipulation affecting up to 11 million vehicles sold by the company worldwide was missed. The heart of the problem was VW's authoritarian corporate culture, say insiders and experts....
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VW under pressure for answers as emissions scandal deadlines loom

11:03 am U.S. ET | Oct. 6, 2015

Hans Dieter Poetsch's first board meeting as chairman of Volkswagen on Wednesday could turn out to be his most important, coming just hours before a deadline set by German regulators and testimony by the company's top U.S. executive in Congress....
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Volkswagen CEO Winterkorn resigns amid diesel scandal

Sept. 23, 2015 17:07 CET

VW Group CEO Martin Winterkorn resigned his post, taking responsibility for the automaker's rigging of U.S. diesel emissions tests. Senior members of VW's supervisory board said they expect further heads to roll as an investigation seeks to identify who was responsible for what has turned into the biggest scandal in the company's history....
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Winterkorn shows no sign of quitting in board showdown

Sept. 23, 2015 06:01 CET

Volkswagen CEO Martin Winterkorn showed no sign of quitting as he faced a reckoning today with the executive committee of the automaker's supervisory board. Winterkorn was summoned to explain how the company came to falsify U.S. emissions tests....
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THE VW DIESEL CRISIS

VW CEO's history of sweating the details now haunting him

6:25 am U.S. ET | Sept. 22, 2015

Martin Winterkorn's focus on details is legendary in the industry. With the world's biggest carmaker facing a U.S. criminal probe for cheating on emissions tests, it's now coming back to haunt him....
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Design legend Giugiaro plans return after Piech setback

Sept. 18, 2015 11:43 CET

Design legend Giorgetto Giugiaro is striking out alone after selling the remaining part of his styling company to VW Group's Audi division following his friend Ferdinand Piech's ouster from the German automaker. Giugiaro is discussing potential projects with Chinese and Korean companies....
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VW uses new Tiguan to shift focus back to cars after boardroom battles

Sept. 14, 2015 15:09 CET

VW is using the redesigned Tiguan, its top-selling SUV, to put the focus back on its vehicles after being plagued by leadership issues since the departure of former Chairman Ferdinand Piech....
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Is Piech still pulling the strings at VW?

12:01 am U.S. ET | Sept. 14, 2015

Ferdinand Piech, 78, who ruled VW with an iron hand for nearly a quarter century, reportedly is flexing his muscles from exile. Two well-sourced German publications, Spiegel and the Frankfurter Allgemeine Sonntagszeitung, have reported that Piech prevented CEO Martin Winterkorn from fulfilling his ambition to become VW's supervisory board chairman....
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NEWS ANALYSIS

VW's management reshuffle creates no momentum for change, analysts say

Sept. 7, 2015 11:04 CET

Volkswagen's intention to extend CEO Martin Winterkorn's contract by two years and appoint Hans Dieter Poetsch, the current finance chief, as chairman, may fail to generate the momentum the group needs to tackle stubborn structural problems, according to industry analysts....
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Piech stopped Winterkorn becoming VW chairman, reports say

Sept. 6, 2015 10:59 CET

Former Volkswagen chairman Ferdinand Piech prevented CEO Martin Winterkorn from fulfilling his ambition to become chairman, showing the patriarch's continuing influence behind the scenes, two respected German publications reported....
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CHRISTIAAN HETZNER

BLOG: Piech gets his way by blocking Winterkorn as his successor

5:25 am U.S. ET | Sept. 4, 2015

Ferdinand Piech looks to have prevailed in the end. The former VW patriarch sparked a showdown with CEO Martin Winterkorn in April with the aim of preventing Winterkorn from succeeding him as chairman. Now Hans Dieter Poetsch, VW's finance chief, will take Piech's former role....
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VW's unassuming CFO emerges from boardroom wars as chairman

Sept. 4, 2015 08:22 CET

Hans Dieter Poetsch, VW's finance chief, faces a massive task in his future role as chairman of the automaker to maintain the support of the often-divided stakeholders while improving the carmaker's profitability. Analysts and observers wonder whether his likely consensus-oriented approach is what VW needs right now....
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CHRISTIAAN HETZNER

BLOG: Piech gets his way by blocking Winterkorn as his successor

5:25 am U.S. ET | Sept. 4, 2015

Ferdinand Piech looks to have prevailed in the end. The former VW patriarch sparked a showdown with CEO Martin Winterkorn in April with the aim of preventing Winterkorn from succeeding him as chairman. Now Hans Dieter Poetsch, VW's finance chief, will take Piech's former role....
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VW plans to extend CEO Winterkorn's contract until 2018

Sept. 2, 2015 10:02 CET

Volkswagen plans to extend the contract of CEO Martin Winterkorn until the end of 2018, a victory for the executive after he clashed with former Chairman Ferdinand Piech....
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CHRISTIAAN HETZNER

BLOG: VW should strengthen oversight of CEO Winterkorn

9:55 am U.S. ET | Sept. 2, 2015

VW Group should strengthen oversight of CEO Martin Winterkorn, who is set to receive a two-year contract extension, by appointing Qatar Airways CEO Akbar Al Baker to its steering committee....
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VW delays revamp of Phaeton flagship in profit push, report says

Aug. 21, 2015 10:51 CET

Volkswagen is delaying the introduction of the new Phaeton as the automaker seeks to improve returns on the upscale sedan by lowering production and material costs, Bloomberg reported....
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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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