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Volkswagen has plunged into a full-blown leadership crisis after Chief Executive Martin Winterkorn let it be known on Saturday he will fight for his job even though the carmaker's chairman has reportedly withdrawn confidence in the CEO.

Ferdinand Piech, who has spent almost 22 years at the helm of VW, nine as CEO, said he has "distanced" himself from Winterkorn, Der Spiegel reported on Friday, exposing unusual dissent between VW's two top leaders.

Piech's remark is viewed by analysts as undermining the CEO's prospects of renewing his contract, due to expire in December 2016 and to become chairman himself when Piech retires.



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Volkswagen In Crisis After Leadership Dispute

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