Why VW's Berhnard Didn't ResignGail Edmondson
So what happened? Turnaround ace Wolfgang Bernhard hasn’t resigned at Volkswagen. His departure was widely expected last week in the wake of CEO Bernd Pischetsrieder’s ouster and the appointment of Audi boss Martin Winterkorn as new CEO. A VW board member told AutomobileWoche (AutoWeek) that VW is trying to convince VW brand boss Bernhard to stay. That’s the first indication that the powerful and mercurial Supervisory Board Chairman Ferdinand Piech, who orchestrated Pischetsrieder’s departure, may yet be serious about accelerating VW’s overhaul.
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