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Porsche, Piech families still backing Volkswagen CEO Diess By Reuters



© Reuters. FILE PHOTO: Volkswagen CEO Herbert Diess appears on throughout his go to to Volkswagen’s electrical automobile plant in Zwickau, Germany, June 23, 2021. REUTERS/Matthias Rietschel

FRANKFURT (Reuters) – The Porsche and Piech households, which management Volkswagen (DE:)’s largest shareholder Porsche SE, proceed to assist the carmaker’s CEO Herbert Diess, a spokesperson for Porsche SE mentioned on Friday.

“The households proceed to again Mr. Diess. There was no change of their place,” the spokesperson mentioned.

The feedback come after Diess’ relationship with German labour representatives hit a brand new low this week with disagreement over how radical the overhaul at Europe’s high carmaker have to be in its quest for electrical automobile dominance.

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