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VW chairman Piech quits, opening door for F1 entry
Volkswagen Automobile Group (VAG) chairman Ferdinand Piech has surprised the board of the German car giant by resigning from his role. An internal power struggle between Piech and chief executive Martin Winterkorn, which saw the former attempt to oust the latter, resulted in the board throwing their support behind Winterkorn who has helped turn the manufacturer into Europe's largest. 78-year-old Piech is known to be against entering Formula 1 with one of the brands controlled by VAG, which include Audi, Bentley, Bugatti, Lamborghini, Porsche, Seat and Skoda among others. He is believed to dislike F1 chief Bernie Ecclestone and sources close to Piech cite that as one of the biggest...
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9y ago from GrandPrixTimes.com
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