In Europe’s largest carmaker, Volkswagen, but a bitter power struggle emerges in leadership. In this case, however, supervisory board chairman Ferdinand Piëch is after an attack on chief executive Martin Winterkorn as increasingly isolated.
VW supervisory board Wolfgang Porsche distanced himself from his cousin Piëch. So now threatens also a conflict between the Porsche and Piëch families. Hold the majority stake in VW. Previously, the VW works council and the state of Lower Saxony Winterkorn had strengthened the back. The output of the leadership crisis is completely open
Piëch had the news magazine “Der Spiegel” said surprisingly: “.. I am to distance Winterkorn” This was the dismantling of his longtime companion of winter grain (67) is equal to ,
The Porsche family is aware behind Winterkorn
“The testimony of Dr. Piëch is his personal opinion, which is not synchronized in their objective with the family,” let Wolfgang Porsche as representatives of the Porsche family on Sunday in Stuttgart Deutsche Presse-Agentur report. He is the speaker of the Porsche family strain.
Order Piëch is increasingly isolated with his comments there. So far there from the VW supervisory public support of its position. Piëch had also said: “. I strive to get the right person at the head of the Supervisory Board and the Management Board” The candidates for this are already in the company. Details not mentioned but Piëch. His motives for the statements are unclear.
Winterkorn’s contract runs until the end of 2016.
Winterkorn since 2007 VW CEO. His contract expires at the end of next year. Group insider had last reported unanimously that Winterkorn Piëch is likely to replace the control panel. Only the time seemed unclear. So it was also Winterkorn last open question whether a contract extension come into question for him.
winter grain itself would not think to throw in the towel and chasing of Piëch by the Court to be like the “Frankfurter Allgemeine Sunday newspaper” from the company learned. , The “Bild am Sonntag” quoted a “confidant” Winterkorn with the words: “. Piëch wants to kill him, but Winterkorn fights” At the opening of the Hannover Fair on Sunday evening, Winterkorn let it show. Smiling, he walked side by side with Prime Minister of Lower Stephan Weil (SPD) on the red carpet. For photos he prepared for questions was not.
Because had placed on Friday after Winterkorn, as well as VW works council boss Bernd Osterloh. Both sit on the VW board. Because said: “I think a public debate on the tips of VW harmful.” For a dismissal winter grain by the Supervisory this loud Companies Act a “gross breach of duty” would be guilty or “incapable of proper management”. The Co-Determination Act also regulates that for his From a two-thirds majority in the supervisory board is necessary. The
statements Piëch an earthquake at Volkswagen
come right. Without Piëch anything goes at Volkswagen
VW Piëch had once led itself. To Winterkorn he owned for decades a great trust. Without Piëch, the consensus so far, falls at VW no central decision.
The “mirror” leads to the detuning between Winterkorn and Piëch also great strategic problems facing Volkswagen is particularly successful defiance. The earning power of the core brand VW cars lags behind the competition. Therefore, since last summer reaches a billion dollar savings plan. In July Winterkorn is the office of Volkswagen boss, he leads in personal union with his top post in the group, to the former BMW board Herbert Diess from.
In the US, also lack the right models so that VW for years in a growing market – the second largest in the world after China – Shares loses. In sum, these problems are covered by the current total for years record performance of the Group, which improves with great pace sales, revenues and profits. The rival General Motors is already outdated. Only Toyota as world’s biggest carmaker Volkswagen is present. dpa
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