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Piech resigns as VW chairman after failing to oust CEO

A panel of senior supervisory board members at Volkswagen said a loss of trust was to blame for Piech's sudden departure on Saturday.
April 25, 2015 05:00 AM

FRANKFURT (Reuters) -- Volkswagen Group Supervisory Board Chairman Ferdinand Piech unexpectedly resigned on Saturday after losing a showdown he provoked with CEO Martin Winterkorn.

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Stellantis
New Stellantis CEO Antonio Filosa faces series of hurdles

Filosa’s ability to honestly assess where Stellantis has erred in recent years could prove vital as he works to repair relationships with dealers, suppliers and employees.

VB
By:
Vince Bond Jr.
New Stellantis CEO Antonio Filosa faces series of hurdles
Manufacturing
Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal
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By:
Bloomberg News
Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal
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Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output
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By:
Reuters News
Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output
Finance Insurance
FTC seeks to drop one count against Asbury after Trump executive order on disparate impact
JH
By:
John Huetter
FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

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