- Reuters•5 hours ago
The Piech and Porsche families that control more than 52 percent of Volkswagen (VOWG_p.DE) have vowed to back senior management, setting aside past disputes as the carmaker struggles to overcome an emissions scandal, Der Spiegel reported on Saturday. In a rare interview, Hans Michel Piech and Wolfgang Porsche pledged support for VW chairman Hans Dieter Poetsch and chief executive Matthias Mueller, and said they would stay out of daily operational affairs at Germany's biggest carmaker. The two families had clashed when Ferdinand Piech was his family's representative on Volkswagen's supervisory board, a post he resigned from last year, clearing the way for his brother, Hans Michel.
Volkswagen's premium division Audi will buy back 25,000 diesel engined cars in the United States to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel said on ...
Through the first nine months, the namesake brand of passenger cars formed almost 60% of Volkswagen AG’s net vehicle deliveries. The heavy reliance of the company’s overall results on the Volkswagen Passenger Cars division makes it crucial for our analysis of the group’s operations. As the division has been struggling
Volkswagen AG (VLKAY)
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