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VW's Winterkorn says it's back to business for carmaker


VW's Winterkorn says it's back to business for carmaker


Volkwagen’s boss has spoken out about the future for Europe’s number one carmaker and sought to put the boardroom battles behind at the annual shareholders meeting.

The company is on the hunt for a new chairman which it wants to appoint quickly, said Martin Winterkorn.

“It is good that we have returned to calmer waters, that we have clarity on our future strategy and above all that we can fully concentrate on the business,” he told shareholders in Hanover.

However why stop at just getting rid of the company patriarch say some who want bigger changes at the top to ensure a revival of the
carmaker’s fortunes.

“I don’t think Mr Winterkorn’s contract should be renewed. I believe that the future holds so many new things and I’m not sure a 68 year-old’s up to it,” said shareholder Imsold Schroeder.

Plans for integrating VW’s different truck businesses are being speeded up as VW seeks to take on market leader Mercedes, costs are being cut at car operations, and the US division is being boosted.

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