- Amid a leadership crisis at the automaker, Volkswagen's (VLKAY) supervisory board plans to meet ahead of its annual shareholder meeting on May 5 to smooth out an effective working relationship between Chairman Ferdinand Piech and Chief Executive Martin Winterkorn, Germany's Handelsblatt newspaper reports.
- The executive board at Volkswagen backed CEO Martin Winterkorn last week, saying they planned to extend his contract next year, but tension seems to remain at the company.
- Previously: Volkswagen board backs CEO (Apr. 17 2015)