Former Volkswagen boss Ferdinand Piech, who has died at 82, was the autocratic heir of a storied motoring dynasty who drove VW from the brink of bankruptcy to become a global empire.<\/p>\n\n\n\n
He was celebrated as a visionary corporate leader and brilliant engineer who knew every model leaving the production line down to the last bolt.But the man with the steel-blue eyes was also feared as a ruthless manager and master of intrigue who used his connections to fight his many battles.<\/p>\n\n\n\n
During his over half-century career he turned VW into a 13-brand empire and pillar of the German economy with now 660,000 employees.But in the end he left it in anger shortly before the company faced its worst ever crises with the “dieselgate” scandal.<\/p>\n\n\n\n
As a child, Ferdinand battled dyslexia and brought home poor grades. He was sent off to a tough boarding school a “dark time” that hardened his character, as he later recalled.<\/p>\n\n\n\n
He studied mechanical engineering and wrote his master thesis on Formula 1 engines, then started at Stuttgart-based Porsche.There Piech oversaw the design of the iconic Porsche 917, sales of which took off after it won races including the legendary 24 Hours of Le Mans.<\/p>\n\n\n\n
Two years later he switched to Audi, turning the VW subsidiary into a premium car maker that could compete with BMW and Daimler’s Mercedes, and becoming its chairman in 1988.Piech then applied his magic to Wolfsburg-based VW, taking over in 1993 when it suffered massive losses. He fired managers, streamlined production and rapidly boosted sales and profits.<\/p>\n\n\n\n
In the end, the opposite happened and, in a triumph for “Mr Volkswagen”, Porsche became one of the brands in the VW stable.Piech pushed VW on to become the world leader, selling over 10 million vehicles a year, and battling Japan’s Toyota for global dominance.<\/p>\n\n\n\n
His reign ended when he went to war in 2015 with his long-time confidant, CEO Martin Winterkorn, and lost support of key players on the supervisory board.<\/p>\n\n\n\n
Months later the “dieselgate” scandal broke when US regulators discovered VW had fitted millions of cars with devices allowing them to cheat exhaust emissions tests.<\/p>\n","protected":false},"excerpt":{"rendered":"
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