Friday, December 29, 2006

Volkswagen's Bernhard Is Poised To Leave Over Planned Shake-Up

WALL STREET JOURNAL | By Stephen Power

The restructuring of Volkswagen AG, Europe's largest auto maker, is increasingly in jeopardy as executive Wolfgang Bernhard is poised to leave the company over a planned management shake-up backed by the company's largest shareholder, chairman Ferdinand Piech.

The move by Mr. Bernhard -- an outspoken member of Volkswagen's management board with responsibility for its core VW brand -- is the latest sign of high-level friction at Volkswagen following the resignation last month of its CEO, Bernd Pischetsrieder.

Volkswagen's supervisory board -- the German equivalent of a U.S. board of directors -- will meet next month to approve a controversial reorganization .. more at

http://online.wsj.com/google_login.html?url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB116739727120262486.html%3Fmod%3Dgooglenews_wsj

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