VW CEO Diess still has backing of Porsche, Piech families

By REUTERS | 5 November 2021


FRANKFURT: The Porsche and Piech families, which control Volkswagen's largest shareholder Porsche SE, continue to support the carmaker's CEO Herbert Diess, a spokesman for Porsche SE said today.

"The families continue to back Mr Diess. There has been no change in their position," the spokesman 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.

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