Volkswagen’s steering committee on Friday endorsed chief executive Martin Winterkorn as the “best possible” head of the German automotive giant, delivering a blow to efforts by veteran chairman Ferdinand Piech to oust the 67-year-old.
Asset Management
Volkswagen chief executive outsmarts chairman in power struggle
Volkswagen’s steering committee on Friday endorsed chief executive Martin Winterkorn as the “best possible” head of the German automotive giant, delivering a blow to efforts by veteran chairman Ferdinand Piech to oust the 67-year-old.
