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Piech, architect of modern VW, cuts ties with share sale

Piech has become increasingly isolated from his family and unwilling to defend the empire he helped build.
AC
By:
Andreas Cremer
April 03, 2017 05:00 AM

BERLIN -- Former Volkswagen Chairman Ferdinand Piech has agreed to sell a major part of his stake in the holding company that controls Volkswagen Group, reducing his links with the automaker after more than two decades of undisputed rule.

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