VW board will take "some time" to find Piech successor: Huber
[HANOVER] Volkswagen's supervisory board will take "some time" to find a successor to Ferdinand Piech who quit as chairman last month following a public showdown with his chief executive, acting board chief Berthold Huber said.
"The supervisory board will address the succession of (former chairman Ferdinand) Piech with the necessary diligence and calm," Huber, VW's interim chairman said on Tuesday at the carmaker's annual shareholder meeting in Hanover, Germany. "This will take some time," said Huber, a former IG Metall trade union boss.
Separately, CEO Martin Winterkorn said VW currently has no M&A projects on its agenda and is "well positioned" with its 12 brands.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources