Piech told German prosecutors that he discussed Volkswagen’s dieselgate problem with Winterkorn as early as February 2015, says the report.
Ferdinand Piech, who, until this Spring, chaired the Volkswagen Group’s board.
The finding from the investigation by U.S. law firm Jones Day was published in the German newspaper Bild … Piech, resigned as Volkswagen chairman in April 2015 after falling out with his chief executive Martin Winterkorn. "Volkswagen, family, money -- in that order." Related Topics That was the world according to engineer and entrepreneur Ferdinand Karl Piech, who ran VW as his own personal empire for decades. Ferdinand Piech, (Photo: Adrian Moser/Bloomberg News)
As Volkswagen struggles to explain a globe-spanning emissions-cheating scandal, its management culture — confident, cutthroat and insular — is coming under scrutiny.
Photo illustration by Lisa Larson-Walker.
The iconic Volkswagen Group chairman Ferdinand Piëch died on Sunday, August 25, at age 82. Ferdinand Piëch, whose two-decade career at the top of Volkswagen was marked by rapid international expansion but also by scandal, has died aged 82.
Years after the scandal that caused Volkswagen to pay CAN$2.4 billion (US$1.83 billion), a court in Toronto order a further fine of CAN$196.5 million. The emissions cheating scandal would erupt only months later. The scandal, which Piech was not associated with, has cost Volkswagen more than 30 billion euros in lawsuits and fines. Volkswagen patriarch Piëch, who turns 80 in April, says the Supervisory Board knew half a year before the scandal erupted. The Volkswagen diesel scandal has taken a Shakespearian twist. Piech became Volkswagen's … The Volkswagen emissions scandal explained Read more However, at a meeting in April, the vast majority of the board, including members of … Piech, resigned as Volkswagen chairman in April 2015 after falling out with his chief executive Martin Winterkorn. Called one of the most important industry leaders since Henry Ford, Ferdinand Piech transformed Volkswagen from a regional manufacturer in Europe to a global automotive power..
That period ended after a bitter fight with Volkswagen CEO and chairman, Martin Winterkorn (71).
Porsche SE’s board was ordered by a German court to answer critical shareholder questions about what management at Volkswagen AG and Porsche knew about the diesel scandal …
Former Volkswagen chairman Ferdinand Piëch resigned his position a month after questioning and failing to get answers from ex-CEO Martin Winterkorn about the company’s defeat devices, an internal probe revealed.
Mr …
After Piëch being ousted of Volkswagen, Winterkorn himself was officially indicted by the American judicial authorities, together with five other top guys for his role in the emission-cheating scandal, and he had to … The emissions cheating scandal would erupt only months later.
The Porsche and Piëch families still run the Porsche car firm, which has a 52.2% voting stake in VW. He leaves a complex legacy that will bear another, far darker, lasting mark on the German automaker — the penalties and ongoing criminal probes surrounding its diesel emissions scandal. The "dieselgate" scandal has cost VW about $30bn so far.