FRANKFURT, Germany (AP) â Ferdinanc Piech, chairman of the board of Volkswagen AG and a major figure in the German auto industry, has stepped down after clashing with other board members over his criticism of the company's top management.
NEW YORK (AP) â The off-Broadway phenomenon "The Fantasticks" won't be closing next month after all â thanks to a pair of fantastic fans.
NEW DELHI (Reuters) - The death toll in Nepal from a severe earthquake on Saturday has risen to 1,341, a police spokesman said. Of the total, more than 630 were reported dead in the Kathmandu Valley and at least 300 more in the capital. (Reporting By Andrew MacAskill; Editing by Mike Collett-White)
The premier of the German state of Lower Saxony, which owns 20 percent of Volkswagen , said the resignation of VW Chairman Ferdinand Piech announced on Saturday was necessary to create clarity about the carmaker's leadership. "I regret the resignation of Ferdinand Piech, but it was unavoidable in the end," Stephan Weil said in a statement. Deputy Chairman Berthold Huber, who is to take over from Piech until a permanent successor has been named, echoed his comments, saying an end had to be put to uncertainty among employees of Volkswagen caused by the leadership crisis that started earlier this month.