VW Spoiler

The timing is unfortunate, to say the least. Just three weeks ago, Volkswagen announced a welcome though long-overdue restructuring, raising hopes that the troubled car-maker was finally on the path to recovery. But now chairman Ferdinand Piech has sown fresh doubts by reopening the debate over the future of Bernd Pischetsrieder, VW’s chief executive. It’s an «open issue» whether Pischetsrieder’s contract will be extended by the Supervisory Board, Piech told the Wall Street Journal. Employers a...