News: Volkswagen AG (VLKAF.PK)

VLKAF.PK on OTC Markets Group

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Sat, Apr 25 2015

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Ferdinand Piech resigns, ending an era at Volkswagen

HAMBURG/FRANKFURT - Ferdinand Piech, a towering figure at Volkswagen for more than two decades, resigned as its chairman on Saturday after losing a showdown he had provoked with Chief Executive Martin Winterkorn, ending an era at the iconic German carmaker.

Ruthless VW patriarch Piech overplays last hand

FRANKFURT - Ferdinand Piech's iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40-tonne 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.

NEWSMAKER-Ruthless VW patriarch Piech overplays last hand

FRANKFURT, April 26 - Ferdinand Piech's iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40-tonne 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.

UPDATE 4-Ferdinand Piech resigns, ending an era at Volkswagen

* Move raises CEO Winterkorn's chances of becoming chairman (Adds analyst comments, details on possible succession)

Porsche SE backs VW management after chairman's exit

FRANKFURT, April 25 - Volkswagen's biggest shareholder Porsche SE backed the carmaker's management after Chairman Ferdinand Piech resigned after losing a leadership row on Saturday.

UPDATE 1-VW mired in crisis as board members criticise Piech

* Piech's office declines comment (Adds board member comment, detail and background)

Investors called on to give boardroom leaders greater scrutiny

LONDON - After taking top executives to task over excessive pay and bonuses, investors are slowly turning their attention to the role of the chairperson, as concern about weak governance grows.

UPDATE 2-VW chairman denies he is trying to force out chief exec

* Issue proving distraction for Europe's largest carmaker (Releads on Piech denial, adds analyst comment and background)

Volkswagen Chairman says is not seeking to push out CEO: Bild

BERLIN - Volkswagen Chairman Ferdinand Piech is not seeking to push out Chief Executive Martin Winterkorn, Bild-Zeitung reported on Thursday, citing Piech.

VW Chairman says is not seeking to push out CEO -Bild

BERLIN, April 23 - Volkswagen Chairman Ferdinand Piech is not seeking to push out Chief Executive Martin Winterkorn, Bild-Zeitung reported on Thursday, citing Piech.

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