Porsche family backs VW
The Porsche-Piech family clan, which control a majority of shares in Volkswagen, is convinced the German carmaker and its hometown of Wolfsburg can overcome the emissions scandal, the Porsche chairman said yesterday.
Wolfgang Porsche, chairman of Porsche Automobil Holding and a Volkswagen board member, spoke after an annual pre-Christmas meeting between city officials and Volkswagen executives and board members. "I am firmly convinced that the city of Wolfsburg together with Volkswagen will master the situation and gain further strength," Porsche said in a statement issued by the city. "The Porsche and Piech families stand behind Volkswagen and Wolfsburg as its headquarters."