Piech Throws Winterkorn Under Volkswagen Bus

“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.

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