STUTTGART — Porsche CEO Wendelin Wiedeking says he will push ahead in transforming Volkswagen, Europe's biggest carmaker, into a leaner, meaner rival to Toyota Motor Corp.
Wiedeking, 55, said Porsche's acquisition of a 31 percent stake in Volkswagen group has been a good investment. "We care about our investment," Wiedeking said. "We will ask further questions until we have a broad picture. That will cause resistance, but we see this as our responsibility."
He made the comments during Porsche's recent annual meeting here.
As chairman of Porsche Automobil Holding SE, the company that will control the Porsche family's stake in VW group, Wiedeking, who also sits on the VW group supervisory board, wants to have a major say in what happens at VW.