“The noose tightens” for Volkswagen’s deposed CEO Martin Winterkorn, wrote Germany’s Welt: Ferdinand Piech, Volkswagen’s powerful patriarch, testified against his former protégé Martin Winterkorn. This according to a widely-quoted report by Germany’s Spiegel Magazin. At the very least, the testimony could cost Winterkorn his freedom, and Volkswagen a few additional billions. In the extreme, it could shift the power in Berlin to the left.
Piech Throws Winterkorn Under Volkswagen Bus
February 6, 2017 By