Wiedeking viewed Qatar as a savior willing to invest in Porsche without seeking to take it over.
While that might not save his job, he might still save face by getting the company out of one last jam.
Wiedeking, who began building Porsche’s VW stake in 2005, sparked opposition among unions and directors of the much bigger car maker by threatening worker’s power and its unique relationship with Lower Saxony, the German state where VW is based.
Lower Saxony owns 20 percent of the shares in VW and by virtue of a special law holds a veto over strategic decisions, which Wiedeking wanted to abolish.
Dudenhoeffer said that if Piech gained control of Porsche, it would become mired in a complex corporate culture that predominates at VW.
“Porsche will be VW-ized,” he forecast.
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