Volkswagen chairman and German automotive giant, Ferdinand Piech, has resigned on Saturday after divergent criticism over the company’s CEO erupted with other board members.
The Executive Committee has unanimously determined that in view of the background of the last weeks, the mutual trust necessary for successful cooperation no longer exists. In addition, Ms. Ursula Piech has resigned with immediate effect from all her Supervisory Board mandates within the Volkswagen Group. In an interview with German newspaper Der Spiegel released…
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