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Ferdinand Piech, who made Volkswagen a global powerhouse, dies at 82

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

AFP | PTI  |  Berlin 

Ferdinand Piech
Ferdinand Piech

Former 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.

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.

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.

“Piech wasn't just any car boss,” judged top-selling Bild daily. “With him, a piece of German economic history dies. He was the last auto manager to build his own cars.” weekly Der Spiegel dubbed him the "Engineer of Power ... a brilliant technician and Machiavellian master".

Ferdinand Karl Piech was born in Vienna on April 17, 1937.

His father Anton ran the VW plant founded by Nazi dictator Adolf Hitler during World War II. His mother Louise was the daughter of Ferdinand Porsche, inventor of the iconic Beetle and founder of luxury brand.

First Published: Wed, August 28 2019. 01:30 IST
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