Ferdinand Piech
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Two years ago, Ferdinand Piëch, then chairman of the Volkswagen Group, resigned from his post following a public spat with Martin Wintekorn, who was the automaker’s CEO at the time. The 80-year-old has now cut all ties with the VW Group by offloading his sizable stake in Porsche Automobil Holding (Porsche SE), the holding company founded in 1931 by Ferdinand Porsche and which controls the VW Group via its ownership of 52 percent of the automaker’s voting shares. Porsche SE is 100 percent owned by Ferdinand Porsche’s descendants. Piëch, a grandson of the founder...
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VW rejects diesel scandal allegations made by former chairmanThe Volkswagen Group released a statement on Wednesday denying allegations made by former Chairman Ferdinand Piech regarding knowledge among the automaker’s senior staff of the diesel scandal before it became public in September 2015. Piech, along with his extended family, is a major...
Viknesh Vijayenthiran -
Ferdinand Piech’s One-Off Porsche 918 Spyder Spotted In Austria
He may have just been ousted from the Volkswagen Group but former chairman Ferdinand Piech isn’t about to dump the collection of VW Group cars that he’s amassed over the years. One of his cars, a one-off Porsche 918 Spyder, was recently spotted in Austria though it’s not clear if...
Viknesh Vijayenthiran -
Ferdinand Piech Reportedly Unhappy With Appointment Of Nieces To VW Supervisory Board
After last week’s sudden departure of Volkswagen Group chairman Ferdinand Piech and his wife Ursula from the automaker’s overarching supervisory board, which came after a lost leadership battle with CEO Martin Winterkorn, there were two empty seats that needed to be filled. The...
Viknesh Vijayenthiran -
End of an era at Volkswagen as Chairman Ferdinand Piëch quits
Perhaps the most influential player in the transformation of Volkswagen from near bankruptcy into a juggernaut comprising numerous brands and vying with the likes of Toyota and General Motors Company [NYSE:GM] for the title of world’s largest automaker, Ferdinand Piëch, the grandson of...
Viknesh Vijayenthiran -
VW CEO’s Contract To Be Extended Despite Chairman’s Recent Grievances
Volkswagen CEO and chairman of the board of management Martin Winterkorn has won the approval of the German auto giant’s supervisory board executive committee and will now likely have his contract extended, despite recent grievances made by chairman Ferdinand Piech. In an interview last week...
Viknesh Vijayenthiran -
The heads of Volkswagen and Fiat are currently in a battle of words over the future of Alfa Romeo, with both sides publicly boasting they know what’s best for the struggling Italian brand. At the recent 2011 Geneva Motor Show Volkswagen chairman Ferdinand Piech proclaimed that he could quadruple the annual sales of Alfa Romeo, with Fiat boss Sergio Marchionne retaliating with the comment that Alfa Romeo will never be sold as long as he was in charge and that Piech should focus on improving Seat Skoda first. Now we have more details about a possible plan that Volkswagen has in store for...
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Is Ferrari Volkswagen’s Next Acquisition Target?
Volkswagen is intent on becoming the world’s biggest automaker, and of late, it's been looking more and more like a realistic goal. In the past year alone we’ve seen Volkswagen successfully acquire--or at least lay the groundwork to--Porsche, Italdesign-Giugiaro and a sizeable chunk of...
Viknesh Vijayenthiran
