The news comes a week after a much publicized row between the two, with Volkswagen having published a statement from its Executive Committee stating “that Prof. Dr. Martin Winterkorn is the best possible Chairman of the Board of Management for Volkswagen” and proposing to extend his current contract.

In the latest statement, the Executive Committee said that its members had unanimously determined that “in view of the background of the last weeks the mutual trust necessary ‎for successful cooperation no longer exists”.



As a result Mr Piech has resigned with immediate effect from his position as chairman and from all his mandates as a Supervisory Board member within the Volkswagen Group. In addition, Ms Ursula Piech has resigned with immediate effect from all her Supervisory Board mandates within the Volkswagen Group.



The company added that the position will be temporarily assumed by the deputy chairman Berthold Huber, with the representatives of shareholders and employees in close cooperation to determine the candidate for the new chairman.