Will VW’s Bernhard return to Detroit?

Speculation is mounting that former top Chrysler executive Wolfgang Bernhard will leave his job at Volkswagen AG, perhaps as early as this week, as part of a reorganization of Europe's largest carmaker. Porsche AG CEO Wendelin Wiedeking, the head of VW's biggest shareholder, didn't dispel rumors when he spoke with reporters Tuesday in Detroit. "The success of this company isn't based on one, two or three guys. It's the whole team," he said when asked if he wanted to keep Bernhard on board.

Wiedeking said Volkswagen has many talented, high-level managers. "It's a question of how you work together."

VW is racked with tensions among its top managers and also among its biggest shareholders — Porsche, with just under 30 percent, and the German state of Lower Saxony, with 21 percent.

Bernhard, the former chief operating officer of DaimlerChrysler AG's Chrysler Group, brought a touch of star quality to the Auburn Hills automaker. But he left the company in 2004 after clashing with former CEO Jürgen Schrempp. More at Detroit News