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Good chance for VW to shift gears, say analysts

Piech's plot led to his fall but CEO Winterkorn may have become too reliant on unions
Tuesday, April 28, 2015 - 05:50
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VW board wanted Mr Piech (left) to go after it emerged he had been lobbying family members behind the scenes to oust Mr Winterkorn (right) as CEO and install Porsche CEO Matthias Mueller in his place.

Berlin

FERDINAND Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board.

When news leaked out last

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