Volkswagen in full-blown crisis as CEO vows to fight: sources

April 11, 2015 12:23 PM

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Volkswagen in full-blown crisis as CEO vows to fight: sources

BERLIN (Reuters) - Volkswagen (VOWG_p.DE) has plunged into a full-blown leadership crisis after Chief Executive Martin Winterkorn let it be known on Saturday he will fight for his job even though the carmaker's chairman has reportedly withdrawn confidence in the CEO.

Ferdinand Piech, who has spent almost 22 years at the helm of VW, nine as CEO, said he has "distanced" himself from Winterkorn, Der Spiegel reported on Friday, exposing unusual dissent between VW's two top leaders.

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