Emerging reports from the German press suggest that Bernd Pischetsrieder is being considered as a top candidate to lead automotive supplier Continental. The veteran automotive industrialist was chairman of BMW for most of the 1990s and then of the Volkswagen group until three years ago, but continued until two years ago as chairman of VW's truck subsidiary Scania AB. Pischetsrieder is remembered for directing BMW's ill-fated acquisition of the Rover group, but was conversely credited with the cr
- Noah Joseph
- Nov 13, 2006
The earliest reports on the "resignation" of Volkswagen group CEO Bernd Pischetsrieder indicated that while he'd be replaced as chief executive, he would be retained to take on "special assignments". What such ambiguous duties might entail was a mystery, but it's looking like he may be put in charge of managing a merger between two major European truck companies.
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