Martin Winterkorn

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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Volkswagen CEO Winterkorn to stay in defeat for Piech

April 17, 2015 11:59 CET

Volkswagen Group CEO Martin Winterkorn won the "full support" of the automaker's top-level committee to continue serving as chief executive in a defeat for Ferdinand Piech, the automaker's powerful chairman and patriarch of its founding family....
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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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Winterkorn opts out of German political event

April 16, 2015 13:18 CET

VW CEO Martin Winterkorn cancelled plans to take part in a political event with Germany's ruling parties on Thursday because of meetings at the Wolfsburg-based carmaker, a Social Democratic Party official said....
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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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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 in full-blown crisis as Winterkorn pledges to fight for job

8:15 am U.S. ET | April 11, 2015

Volkswagen has plunged into a full-blown leadership crisis after CEO Martin Winterkorn let it be known on Saturday he will fight for his job even though the company's powerful chairman has reportedly withdrawn confidence in the chief executive....
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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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Porsche’s Mueller: ‘Not too old’ for CEO job

12:01 am U.S. ET | March 30, 2015

Open campaigning for CEO jobs at automakers rarely occurs, but Porsche CEO Matthias Mueller says he’s young and fit enough to be a candidate to succeed Martin Winterkorn as head of Volkswagen Group....
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Winterkorn: Complacency cost VW in U.S.

12:01 am U.S. ET | March 30, 2015

Speaking to a German car magazine, VW Group CEO Martin Winterkorn acknowledged his team became complacent after the initial success of VW's Chattanooga-built Passat....
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VW identifies half of planned 5 billion euros in cuts

March 12, 2015 11:50 CET

VW Group has identified cost cuts worth about half of the planned 5 billion euro ($5.29 billion) target at its core passenger-car brand. VW could discontinue its three-door Polo as part of the savings program, CEO Martin Winterkorn said, a move that would save millions....
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AUTOMOTIVE NEWS EUROPE E-MAGAZINE

BMW, VW changes shake up Germany's top auto ranks

March 11, 2015 06:01 CET

When Harald Krueger becomes CEO at BMW Group and Herbert Diess takes over as boss of the VW brand this year, four of the six heads of Germany's biggest automotive brands will be in their early or mid-50s, marking a generational shift for the industry....
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VW makes progress on China-built budget brand

March 9, 2015 15:04 CET

VW Group is moving toward adding a no-frills brand in China after delays caused by the automaker's efforts to reduce costs on the project. VW has said the car will be priced at 6,000 to 7,000 euros....
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Opel, VW CEOs cautious on Europe sales growth amid Russia crisis

March 3, 2015 09:14 CET

Europe's carmakers are benefiting from robust demand for passenger cars in most of the region although the slumping Russian market continues to cast a shadow, making forecasts increasingly difficult, Opel CEO Karl-Thomas Neumann and VW boss Martin Winterkorn said....
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VW Group reports record profit on Audi, Porsche gains

Feb. 27, 2015 15:56 CET

VW Group said its operating profit rose 8.8 percent to a record 12.7 billion euros ($14.25 billion) last year on double-digit gains in sales of luxury Audi and Porsche models. The company said its sales revenue rose 2.8 percent to a new high of 202.5 billion euros....
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VW CEO Winterkorn sees former BMW, Daimler managers as potential successors, report says

Feb. 25, 2015 13:04 CET

Volkswagen Group CEO Martin Winterkorn sees Andreas Renschler and Herbert Diess, who are joining VW from rivals Daimler and BMW, among his potential successors, according to a German magazine....
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VW Eos output will end on declining cabrio demand

Feb. 23, 2015 19:06 CET

VW plans to stop making its Eos cabriolet as customer tastes shift away from convertibles in general and retractable hardtops like the Eos in particular. European sales of convertibles from volume carmakers fell 20 percent last year....
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CHRISTIAAN HETZNER

BLOG: Has VW scored an own goal bankrolling its soccer club?

10:05 am U.S. ET | Feb. 6, 2015

With Volkswagen looking to save 5 billion euros in costs at its core VW brand and key wage negotiations with its German workforce just starting, is it sensible to use shareholder money to subsidize a soccer club's ambitions for a top-flight title?...
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VW could beat 5 million euro savings goal, exec says

Jan. 29, 2015 16:09 CET

VW Group ought to be able to cut costs at its passenger-car brand by "substantially more" than the 5 billion euros ($5.7 billion) planned by the carmaker's top management, VW works council chief Bernd Osterloh said....
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Cost-cutting VW baffles experts with Phaeton plans

Jan. 28, 2015 10:05 CET

With VW having embarked on a big cost-cutting drive, industry experts are baffled why the "people's car" maker plans to spend millions of euros upgrading the money-losing Phaeton premium sedan. Analysts say the costly car should be axed....
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Zetsche, other top auto chiefs to lobby for EU-U.S. trade deal

Jan. 27, 2015 21:06 CET

Daimler CEO Dieter Zetsche, Volkswagen boss Martin Winterkorn and other captains of Germany's automotive industry have gathered in Berlin today to try to rally support for a transatlantic free trade deal that faces potential collapse....
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