Volkswagen's Piech Draws Criticism Over CEO Remark

April 12, 2015 1:16 PM

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Volkswagen patriarch and board chairman Ferdinand Piech is drawing criticism over a reported remark that raised questions over the future of the CEO of Europe's biggest automaker, Martin Winterkorn.

Piech, a key company powerbroker, was quoted by Der Spiegel magazine Friday as saying he was "at a distance from Winterkorn," who has been widely considered a likely successor as supervisory board chief. That prompted speculation about his position.

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