Advertisement
UK markets closed
  • FTSE 100

    7,895.85
    +18.80 (+0.24%)
     
  • FTSE 250

    19,391.30
    -59.37 (-0.31%)
     
  • AIM

    745.67
    +0.38 (+0.05%)
     
  • GBP/EUR

    1.1607
    -0.0076 (-0.65%)
     
  • GBP/USD

    1.2370
    -0.0068 (-0.55%)
     
  • Bitcoin GBP

    51,725.73
    +1,832.22 (+3.67%)
     
  • CMC Crypto 200

    1,371.97
    +59.34 (+4.52%)
     
  • S&P 500

    4,967.23
    -43.89 (-0.88%)
     
  • DOW

    37,986.40
    +211.02 (+0.56%)
     
  • CRUDE OIL

    83.24
    +0.51 (+0.62%)
     
  • GOLD FUTURES

    2,406.70
    +8.70 (+0.36%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • HANG SENG

    16,224.14
    -161.73 (-0.99%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • CAC 40

    8,022.41
    -0.85 (-0.01%)
     

Porsche, Piech families still backing Volkswagen CEO Diess

German President Frank-Walter Steinmeier visits Volkswagen plant in Zwickau

FRANKFURT (Reuters) - The Porsche and Piech families, which control Volkswagen's largest shareholder Porsche SE, continue to support the carmaker's CEO Herbert Diess, a spokesperson for Porsche SE said on Friday.

"The families continue to back Mr. Diess. There has been no change in their position," the spokesperson said.

The comments come after Diess' relationship with German labour representatives hit a new low this week with disagreement over how radical the overhaul at Europe's top carmaker must be in its quest for electric vehicle dominance.

(Reporting by Jan Schwartz and Christoph Steitz; Editing by Riham Alkousaa)