Volkswagen's chairman resigns amid discord

April 26, 2015 12:24 PM

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Discord at the top levels of Volkswagen Group, the world's second-largest automaker, resulted Saturday in the resignation of Chairman Ferdinand Piech.

The resignation, announced by the company, followed ongoing strife in Volkswagen's boardroom. Piech recently told Der Spiegel that he was going to distance himself from CEO Martin Wintercorn.

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