Piech, Mulally Not Going Anywhere

The C-Suites of two major auto makers are unlikely to change in the near future, despite rumors suggesting that both Ferdinand Piech and Alan Mulally are set to depart both VW and Ford respectively. Mulally, who is reportedly being courted by both the Obama administration and Microsoft, told Bloomberg that "I plan to continue to serve as Ford's president and CEO until at least the end of 2014." Sources have suggested that Ford's board was open to him stepping down early so that he could explore other options. Over at VW, rumors of Ferdinand Piech's demise appear to have been greatly exaggerated. German outlet Der Spiegel claimed that Piech was about to step down due to poor health, with CEO Martin Winterkorn assuming the top job. True to character, Piech denied such reports, claiming "Those who are written off live longer."   from The Truth About Cars http://www.thetruthaboutcars.com

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