UPDATE 4-VW aims to find new chairman quickly and return focus to business

martes 5 de mayo de 2015 11:13 GYT
 

* VW announces new truck holding to align MAN, Scania

* CEO pays tribute to Piech, acknowledges challenges

* Piech's vision of multi-brand auto-group on show at AGM (Adds board member comment on June strategy meeting)

By Andreas Cremer

HANOVER, Germany, May 5 (Reuters) - Volkswagen said it would try to find a new chairman quickly and announced a long-planned tie-up of its truck brands, seeking to return the focus to business following the carmaker's shock ouster of former patriarch Ferdinand Piech.

Chief Executive Martin Winterkorn, who survived the public showdown that triggered Piech's resignation last month, told shareholders on Tuesday the group would tackle the trouble spots that Piech complained about in provoking the leadership crisis.

"It is good that we have returned to calmer waters and that we have clarity about our future direction," Winterkorn said at Volkswagen's (VW) annual shareholder meeting. "We cannot and must not stand still."

VW, Europe's biggest carmaker, is cutting costs at its namesake car brand in a bid to improve profitability, while also battling to revive its fortunes in North America and build a trucks business to challenge sector leader Daimler.

Piech, who retains a stake in VW and has clashed with the group about board appointments since his departure, did not attend the shareholder meeting for the first time in more than two decades.   Continuación...