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 Winterkorn expected to see out his contract as VW CEO - Müller, CEO of Porsche, favoured to succeed Winterkorn Volkswagen Chairman Ferdinand Piëch has thrown the future leadership of the company into question with his withdrawal of support for VW CEO Martin Winterkorn. Winterkorn, 67, has been in place since 2007, and was expected to take over from 77 year old Piëch when he retires in 2017. The news emerged following a Piëch interview with German magazine Der Spiegel in which Piëch said he was “keeping himself at a distance” from the CEO. Some of the various factions on the Volkswagen board have made it clear that Piëch doesn’t have a majority of the votes. Lower Saxony, with one-fifth of the shares, was with Winterkorn, as were some Porsche controlling family members and union boss Bernd Osterloh too...more MORE LIKE THIS: > STOCK MARKET VIEW | Tesla investors shaken by S&P “junk” rating 03 Jun 2014 > STOCK MARKET VIEW | BMW expected to continue hot profit streak 15 May 2014 > STOCK MARKET VIEW | Lame recovery replaces European slump 03 Mar 2014
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