Like high rollers at a Las Vegas casino, Volkswagen AG’s outgoing Chairman Ferdinand Piech and incoming CEO Bernd Pischetsrieder are gambling the auto maker’s future on a strategy that has some onlookers worried. As the new leadership team begins to take the wheel at the world’s No.5 auto maker, the plan is to continue on with Piech’s controversial strategy to transform the VW and Audi brands into marques that can compete head-on with Mercedes-Benz and BMW AG. The ...

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