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Ousted Volkswagen chairman Ferdinand Piech prevented Chief Executive Martin Winterkorn from fulfilling his ambition to become chairman, showing the patriarch’s continuing influence behind the scenes, two respected German publications reported. Weekly magazine Spiegel and the Frankfurter Allgemeine Sonntagszeitung said the Porsche-Piech clan, which controls Volkswagen’s 51 percent shareholder Porsche SE, had agreed to propose Winterkorn as chairman before Piech’s intervention.
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