Porsche, Piech families still backing Volkswagen CEO Diess By Reuters

November 5, 2021 admin Stock News 0

© Reuters. FILE PHOTO: Volkswagen CEO Herbert Diess looks on during his visit to Volkswagen’s electric car plant in Zwickau, Germany, June 23, 2021. REUTERS/Matthias Rietschel

FRANKFURT (Reuters) – The Porsche and Piech families, which control Volkswagen (DE:)’s largest shareholder Porsche SE, continue to support the carmaker’s CEO Herbert Diess, a spokesperson for Porsche SE said on Friday.

“The families continue to back Mr. Diess. There has been no change in their position,” the spokesperson said.

The comments come after Diess’ relationship with German labour representatives hit a new low this week with disagreement over how radical the overhaul at Europe’s top carmaker must be in its quest for electric vehicle dominance.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Be the first to comment

Leave a Reply

Your email address will not be published.


*