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Volkswagen patriarch Ferdinand Piech has resigned as head of the German auto giant's supervisory board, the company announced Saturday, in the wake of his bitter power struggle with the VW chief executive. The news came two days after Piech rejected media reports that he was plotting to oust the carmaker's CEO Martin Winterkorn. Volkswagen had attempted on Friday to draw a line under the management tug-of war, saying it would extend Winterkorn's contract. Piech was trying to drum up a majority on the full supervisory board to have the CEO removed from his post, NDR reported.