Ferdinand Piech Ousted

Matt-98AHU

Loose Nut Behind the Wheel Vendor
Joined
Apr 23, 2006
Location
Vallejo, CA
TDI
2014 Passat SE DSG, 2005 Passat wagon, 2004 Touareg V10.
Just saw this article. He's supposedly "agreed" to sell his shares...
The story goes he caught wind of the cheating (before the scandal went public) and attempted to get Winterkorn ousted. But other board members, as the article stated, stuck behind Winterkorn and kind of forced Piech's hands. He wanted nothing to do with being associated with an emissions cheating scandal.

And now Winterkorn has resigned himself after the cheating went public...

None of the big old VW characters are surviving this too well.
 

VeeDubTDI

Good Ol' Boy, TDIClub Enthusiast
Joined
Jul 2, 2000
Location
Springfield, VA
TDI
‘18 Tesla Model 3D+, ‘14 Cadillac ELR, ‘13 Fiat 500e
I think Piech is fed up, frustrated, and is washing his hands of Volkswagen. A pretty incredible move after such a long legacy with some incredible vehicles being introduced. Volkswagen's direction has changed quite a lot after Piech.
 

aja8888

Top Post Dawg
Joined
Dec 25, 2007
Location
Texas..RETIRED 12/31/17
TDI
Out of TDI's
At 80 years old, he needs to unload the $1.0 B worth of stock he owns. If he was my father I would recommend it and stay close to him for when the goose lays the golden egg on me!
 
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