Sunday, April 12, 2015

VW CEO Winterkorn can not hunt on the farm – www.dw.de

In the dispute over VW CEO Martin Winterkorn (Product Image) wants to take the Porsche family as Group co-owner until further notice to the public any position.

“The Porsche family would not like to comment on the processes currently,” a spokesman told the newspaper “Bild am Sonntag”. The Porsche and Piëch families together hold the majority of the Volkswagen Group. From the environment by Wolfgang Porsche, the Speaker of the clans, it says: “At the end of the families move on important decisions together.”

In Europe’s largest carmaker facing a bitter power struggle. Had thrown him Supervisory Board Chairman Ferdinand Piech, where he had moved away completely surprising and in no uncertain terms by his longtime companion Winterkorn and had indicated a successor regime. Piëch had let the magazine quote “Der Spiegel” with the sentence: “. I am to distance Winterkorn”

Demonstrative backing

On the other hand have VW works council boss Bernd Osterloh and Lower Saxony Prime Minister Stephen Weil, both members of the VW board, demonstratively behind Winterkorn. As head of government stressed that he considered a public debate on the tips of VW harmful. For a deposition winter grain it would take a majority of 11 votes in the 20-member Supervisory Board. But that is not yet in sight, because in addition to the ten places on the employee side omitted in the capital representatives two votes on Lower Saxony. The country is named after the family clan Porsche / Piëch largest VW owner

The top VW management says confident. “. The success story with Mr. Winterkorn will be updated” The “Frankfurter Allgemeine Sunday newspaper” reported, citing the business community that Winterkorn was unwilling to let hunt on the farm.

The VW boss look back on a very successful career in management. As fast as he threw in the towel not go. The VW group has not officially commented on this Saturday. Winterkorn’s contract expires at the end of next year. Group insider had last reported unanimously that Winterkorn Piëch is likely to replace the control board.

rb / wl (afp, ap, dpa, rtr)

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