Volkswagen

NEWS ANALYSIS

After Piech quits, VW's search begins for perfect 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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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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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. The catch is most won't talk....
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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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Audi tests 2 car-sharing concepts in U.S.

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

Audi On Demand is a car sharing pilot in San Francisco where consumers book an Audi rental from a smart phone app, and a concierge delivers and picks up the car. Audi at Home in Miami will place Audis at high-end condo buildings for residents to use as perk....
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VW coupe-style sedan concept previews a new look

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

Volkswagen's C Coupe GTE concept unveiled at the Shanghai auto show would be positioned between the Passat and the Phaeton if produced....
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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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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 »

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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VW C Coupe GTE will be brand's low-emissions flagship in China

April 25, 2015 06:15 CET

VW plans to launch a production version of the C Coupe GTE plug-in hybrid concept in China, where it will be the flagship of the automaker's low-emissions lineup....
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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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Audi prepares electric SUV to fight Tesla

April 24, 2015 06:01 CET

Audi is set to launch a full-electric SUV with a 500km (310 mile) range that will challenge Tesla's Model X crossover, but CEO Rupert Stadler remains cautious about EVs. Plug-in hybrids will be the preferred choice for customers looking for a vehicle with some form of electrification for the next 10 to 15 years, he said....
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JLR sees Mexico as 'strong' option for N.A. assembly plant

5:04 pm U.S. ET | April 24, 2015

Jaguar Land Rover is considering building a plant in Mexico, following other luxury car makers lured by cheap labor and free trade agreements....
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VW, BMW are top brands among Chinese auto buyers, survey says

April 24, 2015 14:30 CET

Volkswagen is the top pick for Chinese consumers considering buying a vehicle followed by BMW and Buick, according to a survey on auto-purchase sentiment conducted by a research unit of Deutsche Borse....
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Skoda, unions agree on 3.5% wage hike

April 24, 2015 13:10 CET

Skoda has reached an agreement with workers on a 3.5 percent wage hike, the carmaker's main union group said. Unions threatened to strike last week after seeking a higher deal than the 3 percent offered by the automaker....
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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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Toyota keeps global sales lead over VW on U.S. demand

April 23, 2015 11:37 CET

Toyota beat Volkswagen and General Motors to remain the world's top-selling automaker during the last quarter despite declining deliveries. Demand for SUVs has helped to boost Toyota's market-share gains in the U.S. during the quarter as Volkswagen continued to struggle in the market....
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VW eyes budget car tie-up with Great Wall, report says

April 22, 2015 17:41 CET

Volkswagen is considering cooperating with China's Great Wall on a new budget model, a German business magazine reported. VW has discussed taking a stake in Great Wall, the report said....
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Audi sees compact cars driving sales in China

April 22, 2015 11:52 CET

Audi sees compact cars increasingly becoming the main driver of sales in China as the country's booming middle class looks for more affordable luxury....
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Volkswagen C Coupe GTE concept lands in Shanghai

11:00 am U.S. ET | April 21, 2015

Volkswagen, continuing a march upmarket, unveiled the C Coupe GTE concept this week at the Shanghai auto show. Meant to be positioned between the Passat and the Phaeton if it goes into production, the C Coupe GTE concept is powered by a four-cylinder turbocharged and direct-injection TSI gasoline engine connected to an eight-speed automatic gearbox, with an electric motor integrated in the transmission housing providing extra power; electricity is stored in a 14.1 kWh lithium ion battery....
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Piech is Germany's best paid chairman, survey says

April 21, 2015 12:56 CET

VW Group Chairman Ferdinand Piech is Germany's best paid supervisory board chief, a survey showed. Piech's compensation rose last year to 1.47 million euros ($1.57 million), reflecting VW's record 2014 profit and deliveries....
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