[New Post] Volkswagen Group Chairman Ferdinand Piech Resigns Over Leadership Tussle With VW CEO Winterkorn
Volkswagen Group chairman, Ferdinand Piech, has resigned from his post as a member of the supervisory board. A statement issued by the German carmaker has stated that the reason for Piech's sudden departure was that "the mutual trust necessary for successful cooperation no longer exists" within the company. It is widely believed that the 78-year old Austrian has been ousted as a result of an unsuccessful attempt to wrestle power away from Volkswagen CEO, Martin Winterkorn. A while ago, tensions between the two were highlighted when Piech was quoted by German magazine Der Spiegel as saying that he had "distanced" himself from Winterkorn. Traditionally, Piech has garnered a reputation for coming out on top in power struggles - as evident in 2008 when Porsche attempted a take over of the German carmaker. Instead, Piech was able to turn things round with Volkswagen taking over Porsche instead. Unfortunately for Piech, this is one power struggle that he has failed to win when labour representatives on the supervisory board, along with representatives from the state of Lower Saxony (which owns a 20% share), lined up behind Winterkorn. The move forced Piech to publicly declare his support for the latter or risk calling for his own resignation. His wife, Ursula Piech, also a member on the board, has resigned with immediate effect following his departure from the company. Piech's position will now be temporarily occupied by the deputy chairman of the supervisory board, Berthold Huber. Huber will chair both the supervisory board and annual general meeting on May 4 and 5, respectively. Huber is also expected to cooperate with company officials to determine the next candidate to fill Piech's shoes. While Piech has relinquished all his mandates as a board member, he, along with his kin, Wolfgang Porsche, maintain a 50.7% stake in the Volkswagen Group.
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The Porsche 718 Cayman and Boxster have been praised for the balance they offer with the new turbo-four, but purists and enthusiasts complain that the four-bangers just don't sound good. For those sound-obsessed buyers, Porsche will have the Cayman GT4, a hardcore track-oriented model packing six-cylinder power derived from the 911 GT3. That car has been spied testing once again, and this time our shooter caught it with its drop-top sibling, the Boxster Spyder. You won't need to get a microscope to see the changes made to distinguish the 718 Cayman GT4 from the rest of the lineup. The most prominent giveaways are the side air vents, a slightly taller lip spoiler, and the split dual exhausts. This particular GT4 is also sporting a different rear wing that looks slightly taller and with wider trailing edges than on previous prototypes we've spotted, hinting that there may be different aero kits available for the next 718 Cayman GT4. Peeking from behind the alloy wheels appear to be optional carbon ceramic brakes. The 718 Boxster Spyder following the Cayman GT4 wears many of the same design elements in back, including the split dual exhaust tips and the taller lip spoiler. Unlike the Cayman GT4, the Boxster Spyder doesn't have a stanchioned rear wing. The biggest give-away that this isn't your ordinary Boxster is the manual soft top and engine tonneau with molded fairings that stretch all the way to the back of the seats. Power for the Porsche 718 Cayman GT4 and Boxster Spyder is expected to come from a version of the naturally aspirated 4.0-liter flat-six found in the 911 GT3. A six-speed manual should remain as the only available transmission. Porsche hasn't said much about the Cayman GT4 and Boxster Spyder, but expect it to gain more power and torque to distance itself from the GTS models.
Perhaps the best thing about this latest round of spy shots for the refreshed Porsche Cayman GT4 is what we can鈥檛 see. In truth, we see pretty much everything, and as you鈥檇 come to expect from Porsche the changes are minimal. We spy slightly redesigned side air scoops, and the lower fascia is a touch more aggressive than the previous GT4. The rear fascia is definitely more aggressive with a tweaked diffuser and relocated exhaust outlets. The taillights are also different, and the wing seems even larger than before. There is one tiny bit of camouflage still left on the car, however, and it鈥檚 freaking hilarious. Take a close look up front and you鈥檒l see the smallest bit of black wrap that coincidently is in the exact spot one would find a Porsche crest. Clearly someone back at Stuttgart has seen a bit too much Superman because this Clark Kent attempt at disguising the car - especially when it still says Porsche on the back - is just plain funny. Amusing as it is, that鈥檚 not what we鈥檙e talking about with the bits we can鈥檛 see. Lurking beneath that rear cover is what should make this refreshed GT4 a bona fide superhero. Our sources still tell us the car will brandish a detuned version of the 4.0-liter flat-six from the 911 GT3. Those same sources have already confirmed the car will offer either a PDK gearbox or a manual transmission, and with at least 400 horsepower expected, the GT4 should be all kinds of giddy fun. As the striptease seems all but complete (save for that stubborn tape up front), it won鈥檛 be long before we get all the official information. We鈥檝e heard the Clubsport version will debut first in early 2019, so the road version should follow shortly thereafter.