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
If Opel makes it out of the General Motors era alive, its dealers want a bigger say in its recovery as an independent automaker. And by a bigger say, they mean taking a 20% stake in the company – and along with it, a new CEO. One of the candidates being touted as a potential new chief executive for a resurgent, independent Opel is none other than Bernd Pischetsrieder.
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.
As Volkswagen's supervisory board heads into a key meeting Wednesday, the future of CEO Bernd Pischetsrieder and his aggressive ForMotion restructuring plan is increasingly in doubt.