VW struggle in 'diplomacy phase' as investors weigh CEO change

April 15, 2015 10:17 AM

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BERLIN/STUTTGART (Reuters) - Volkswagen's (VOWG_p.DE) first leadership crisis in a decade has burst into the open with Chairman Ferdinand Piech's surprise public denunciation of CEO Martin Winterkorn -- but the standoff is now more likely to play out behind closed doors.

Piech, 77, will meet cousin Wolfgang Porsche and other family members within days, company sources said, to discuss the rift his comments appear to have opened between their branches of VW's controlling clan.

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