By on September 12, 2013

YouTube Preview Image

Ferdinand Piech, chairman of the Volkswagen Group, repeated his denial of a report last week in the German Handelsblatt newspaper that he would step down for health reasons in the next few months and be replaced by VW CEO Martin Winterkorn. Piech furthermore said that he will at least serve out the full term of his current contract, which runs into 2017, leaving open the possibility that he will continue to run the Volkswagen empire even longer. “I will stay for at least as long as my contract runs,” Piech told reporters at the Frankfurt Motor Show, “I’m feeling good.”

For his part, Winterkorn dismissed concerns that the recent departure of a number of top VW Group executives would leave the company without a suitable replacement for himself once Piech does retire and Winterkorn, as expected, takes the top position at VW.

The two men are said to be close confidantes and they have worked together to guide VW’s global expansion, bringing the company considerable financial success in recent years. Karl-Thomas Neumann, who used to run VW’s China operations, is now running Opel for GM, former Audi sales chief Peter Schwarzenbauer is now working for BMW running MINI, Rolls-Royce and BMWmotorrad, and Audi’s former R&D head Wolfgang Duerheimer just left the VW Group after turning down an offer to take his old job back as Bentley CEO.

“There are enough young people up and coming,” Winterkorn, 66, said.

Get the latest TTAC e-Newsletter!

4 Comments on “Piech Will Remain VW Group Chairman Until “At Least” 2017, Winterkorn Not Troubled By Recent Departures...”



Back to TopLeave a Reply

You must be logged in to post a comment.

Subscribe without commenting

Recent Comments

  • Re: European Review: Peugeot 208 GTi

    Buckshot - The 208 GTI is from 229 000 SEK in Sweden Cooper S is from 215 000 SEK but in reality the Cooper will be more expensive with all its expensive options.
  • Re: Mitsubishi Motors: And Then There Were…

    notferris - Mike, First of all, I commend you on this in-depth piece. If you would allow, I would like to offer some additional information that you, and...
  • Re: Thank You And Goodbye (Sort Of)

    Stef Schrader - I feel as if I just read a group hug (in a good way). I do, however, need to chase these feelings of warm fuzziness up with some footage of explosions, and...
  • Re: Thank You And Goodbye (Sort Of)

    April - Accountability and Civility? Really? Allowing comments which include slurs and questioning others humanity is usually considered beyond the pale by polite society....
  • Re: Junkyard Find: 1959 DeSoto

    bill mcgee - It is hard to imagine the styling sensation that the 1957 Chrysler products were when they were first introduced . I recall at the time ,and I was possibly only...
  • Re: Report: Nissan Scraps Small Truck Plans, Navara Now On For North America

    DenverMike - @Lou_BC – The Tacoma regular cab is one of the fastest selling trucks on the planet, close behind the Tacoma...
  • Re: Reader Review: 2010 Volkswagen Jetta Sportwagen

    DeadWeight - Mazda isn’t 50% worse than Honda in this regard (maybe 25% worse, though), and while it’s often stated, tires do make a huge...
  • Re: Thank You And Goodbye (Sort Of)

    msquare - I am very happy to see you at Road & Track. I was wondering who would succeed Peter Egan and I think they found the right person. I came to the web (TTAC,...
  • Re: Thank You And Goodbye (Sort Of)

    MBella - Yeah, not cool Jack. Especially since I’ve never heard Ed say anything but good things about you.
  • Re: Reader Review: 2010 Volkswagen Jetta Sportwagen

    DeadWeight - TTAC hates Saab? I always had the impression that at least the B&B gave Saab credit for doing turbocharged petrol engines properly, and...

New Car Research

Get a Free Dealer Quote

Staff

  • Authors

  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Matthias Gasnier, Australia
  • Tycho de Feyter, China
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Faisal Ali Khan, India