Volkswagen, Qatar disagree over board seats

Volkswagen AG and Qatar are in a dispute over the emirate's representation on the carmaker's board, reported Bloomberg, citing a Manager Magazin article.

Volkswagen Supervisory Board Chairman Ferdinand Piech is only willing to give Qatar one seat once the emirate completes the purchase of a 20% stake as part of the carmaker’s merger with Porsche SE, the Hamburg-based magazine said.

Piech will “in no way allow” Qatar to appoint a second member, Manager Magazin said, citing an unidentified Volkswagen executive.