By on February 19, 2008

vw_phaeton_05-1024.jpgFerdinand Piech is the Porsche family patriarch [still] pulling the strings at Volkswagen. Wendelin Wiedeking is the Porsche executive who would be king of VW– once Porsche takes control of the mass market motor maker. And Der Spiegel [via Just-auto, sub] is the magazine that says that Piech wants to kick Wiedeking out of the corporate jet, golden parachute and all. Motive: Piech believes that Wiedeking has become too powerful and autonomous. He wants to replace Wendy with Wolfgang Reitzle, the high-living executive who ran BMW well enough– and convinced Ford to lose billions creating its ill-fated Premier Automotive Group (Jaguar, Land Rover, Volvo, Aston Martin and, latterly, Lincoln). Means: Piech's family still controls VW. Opportunity: VW's unions are unhappy at the prospect of surrendering board seats to the numerically inferior Porsche workers. All that said, VW moved to quash the rumor. "The report about a supposed contact between Piech and Reitzle with regard to the replacement of Wiedeking is nonsense and lacks any foundation," a Volkswagen spokesman told Reuters. "Piech has had no contact with Reitzle for years, and has none currently." Ah, but what of intermediaries…?

Get the latest TTAC e-Newsletter!

Recommended

2 Comments on “Wild Ass Rumor of the Day: VW’s Piech Plots Against Porsche’s Wiedeking...”


Read all comments

Back to TopLeave a Reply

You must be logged in to post a comment.

Recent Comments

  • Lou_BC: @Carlson Fan – My ’68 has 2.75:1 rear end. It buries the speedo needle. It came stock with the...
  • theflyersfan: Inside the Chicago Loop and up Lakeshore Drive rivals any great city in the world. The beauty of the...
  • A Scientist: When I was a teenager in the mid 90’s you could have one of these rolling s-boxes for a case of...
  • Mike Beranek: You should expand your knowledge base, clearly it’s insufficient. The race isn’t in...
  • Mike Beranek: ^^THIS^^ Chicago is FOX’s whipping boy because it makes Illinois a progressive bastion in the...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Jo Borras
  • Mark Baruth
  • Ronnie Schreiber