Join Date: Jan 2013
Location: Saratoga Springs NY
Ferrari Life Posts: 1,004
Here's a shocker: VW Chairman Ferdinand Piech ousted
It appears that the grandson of Ferdinand Porsche who had been remarkable in making VW the second largest automobile manufacturer in the world, had managed it through Porsche's attempted takeover of VW and turned the tables so as to acquire Porsche in the fall-out, was maneuvering to remove VW's Chief Executive, Martin Winterkorn, with whom he had feuded publicly. But VW's Supervisory Board refused to fire Winterkorn, instead demanding Piech's resignation. Speak of a backfire!
575M F1, Maserati Spyder, Cadillac STS-V & CTS
past: 330/365GTC speciale, F355b, 412GT, 400iA, 308GT4 2+2, 330GT 2+2, Porsche 356b Super 90, BMW 1800ti
what do I know? I drive blue Ferraris