Sunday, April 19, 2015

Backing for Ferdinand Piëch – Hamburger Evening Gazette

  20:04:15
 
 

 Employee representatives and owners want the VW power struggle at the company’s patriarchs hold

                 Wolfsburg. After the defeat of Ferdinand Piëch in the power struggle at Volkswagen try to prevent disassembly of the company patriarch owners and workers. “Assume that all the major players are trying to objectify the situation again,” said a spokesman for VW majority shareholder Porsche SE. Piëch had failed in the Bureau of the VW supervisory board with the plan to push CEO Martin Winterkorn from office. Instead voted by Reuters Information five of six members of the power center of VW for an extension of Winterkorn’s contract beyond 2016.

“There is no reason to run the resignation of Dr. Piëch “counters stated former IG Metall boss Berthold Huber, sitting in the Presidium of the VW supervisory board. Piëch have done in the past and the present Great for the company. Workers have the firm intention to continue the successful path of Volkswagen Piëch and strengthened by the Bureau vote Winterkorn. Expressed similar Lower Saxony. Prime Minister Stephen Weil (SPD) sent word that he wanted to hold on to the successful collaboration with both the Management Board and the Supervisory Board. This attitude nothing has changed. The “Bild am Sonntag” reported, the chairman of the board should be forced out of office before the Annual General Meeting on May 5. In addition to the ten employees’ representatives and the two respective supervisory boards of Lower Saxony and the family to Wolfgang Porsche wanted to deselect the Patriarch. These were 14 of the 20 members of the panel. The Porsche and Piëch families but have always attracted together. According to company law is necessary for a deselection Piëch a two-thirds majority.

According to insiders Piëch had first threatened, given the massive criticism in the Bureau of the VW supervisory board on Thursday in Salzburg with his resignation. During the meeting, it was almost come to revolt, even a dismissal of the 78-year-old had been in the room. Whether Piëch it as a lever called a sale of its shares, as the “Bild am Sonntag” reported remained open. An expert group considered it possible that such a statement could be killed in the heat of the moment. That the VW patriarch and his wife Ursula Piëch laid down their offices and their multi-billion dollar investments sold but was “simply not conceivable,” the person said. In this case, the couple Piëch would have to offer their shares in the family, as they have a right of first refusal.

In the VW-Chief of the Armed traces left by the way. Winterkorn said his trip to the auto show in Shanghai from because of a flu.

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