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8VW boss Piëch denies plans to step down

Reports by German newspaper Handelsblatt claimed that sources close to Volkswagen's chairman and former CEO Ferdinand Piëch have said that the 76-year-old chairman will step down amidst health problems, but VW is denying the reports, according to Reuters.

27Wife of VW paterfamilias Piëch up for Audi supervisory board

In a move seen as yet another way for the controlling Piech-Porsche family to leverage its muscle over the continent's biggest automaker, Ursula Piech – wife of chairman Ferdinand Piëch – is set to join the Audi supervisory board at the annual shareholder's meeting on May 16. Putting Piëch's wife, a 56-year-old kindergarten teacher, on the board is seen as just a formality as the Piëch and Porsche families already control more than 90 percent of the Porsche SE holding

30Report: Ferdinand Piech finalizes will that protects his VW/Porsche shares from the kids

Ferdinand Karl Piëch, head of the Volkswagen Supervisory Board and grandson of Ferdinand Porsche, knows that nothing lasts forever – especially, life. The VW boss man has his mind on his money while his family has his money on their minds.

24Rumormill: Volkswagen interested in Ducati... still

Ducati 1098R - Click above for high-res image gallery

26Volkswagen reportedly comes to terms with Stuttgart leadership to absorb Porsche

The family soap opera surrounding the attempted takeover over of Volkswagen by Porsche may soon conclude if a reported deal is approved next week. Porsche SE, the holding company that owns automaker Porsche AG, has attempted to secure its independence by acquiring a controlling interest in Volkswagen. Unfortunately for Porsche, the economic downturn has put the company in danger of insolvency thanks to a hefty debt load.

1Did Porsche, Piech punt VW CEO?

The surprise resignation of Volkswagen CEO Bernd Pischetsrieder may have been orchestrated by VW Chairman Ferdinand Piech (grandson of Ferdinand Porsche) and major VW shareholder, Porsche.

2Volkswagen CEO Bernd Pischetsrieder's job is safe -- for now

The two-day meeting of Volkswagen's supervisory board ended with the subdued endorsement of CEO Bernd Pischetsrieder (at right) and his ForMotion restructuring plan, with a pronouncement by chairman Ferdinand Piech approving a five-year extension to Pischetsrieder's contract seemingly likely.

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