FRANKFURT (Thomson Financial) - Porsche Automobil Holding SE supervisory board chairman Wolfgang Porsche criticised the business policies of Volkswagen AG., saying its weakest point is the sales and marketing operations, in an interview that will be in the Friday edition of Manager Magazin.
Porsche, who also sits on the VW supervisory board, said in the sales and marketing segment, 'the left hand does not know what the right hand does'.
He said the various brands in the Volkswagen Group compete amongst themselves.
One must look for competition, which is 'outside and not within the group', he added.
He said VW is losing a lot of money in the United States and in that country, changes must be made 'urgently'.
Porsche holds about a 31 percent stake in VW and has said it wants to increase its shareholding to more than 50 percent this year. marilyn.gerlach@thomsonreuters.com mog/kf1 COPYRIGHT Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.