Volkswagen Aktiengesellschaft has today taken a 49.9 percent stake in Porsche AG. The next important step on the way towards the integrated automotive group with Porsche has therefore been completed, as announced, before the end of the year. The price for the stake is E3.9 billion and is based on the enterprise value for Porsche AG calculated under a careful due diligence and valuation procedure.
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The Schaeffler Group will present the CO2ncept-10% vehicle at the ATZ/MTZ Congress focusing on "Friction Reduction in the Powertrain" to be held on December 9-10 in Esslingen. CO2ncept-10% is an advance development project that was carried out jointly by Porsche and the Schaeffler Group and involved the use of novel and optimized components to achieve an overall reduction of ten percent in fuel consumption and CO2 emissions.
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Volkswagen is ready to complete the first stage of its planned integration with Porsche next week when it buys a 49.9% stake in the indebted group's profitable sports car business.
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Volkswagen AG will likely complete the first stage of its planned integration with Porsche Automobil Holding SE when it buys a 49.9 percent stake in the indebted group's profitable sports car business next week, VW said.
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One of the first things they teach at track school is that keeping your head back and eyes up is vital to successful performance driving. It's an easy tip for some to forget, but it can help you to be a faster and safer driver.
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New Ford Focus exclusive, Alfa Milano unveiled, Porsche Sport Classic driven, spyshot special, new-look road test supermini shootout
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EDITOR WES RAYNAL: It's hard to believe the Boxster is coming up on 13 years old. It was a terrific car when it was launched in 1997, and it is a terrific car now.
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VW's supervisory board is set to approve on Thursday contracts drafted for a merger with indebted Porsche Automobile Holding SE and the partial acquisition of Porsche's sports car business- Sources said the board would sign off on the documents,...
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VW's supervisory board is set to approve on Thursday contracts drafted for a merger with indebted Porsche Automobile Holding SE and the partial acquisition of Porsche's sports car business- Sources said the board would sign off on the documents,...
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VW's supervisory board is set to approve on Thursday contracts drafted for a merger with indebted Porsche Automobile Holding SE and the partial acquisition of Porsche's sports car business- Sources said the board would sign off on the documents,...
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Porsche has announced a whopping EUR4.4bn pre-tax loss in its past fiscal year (ended July 31), a result that compares with an EUR8.6bn profit in the previous year.
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Porsche SE drastically slashed its dividend after posting a massive pretax loss, marred by writedowns on stock options for heavily inflated VW shares. Porsche SE said it had a 4.4 billion euro ($6.60 billion) loss before tax after an 8.
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Porsche SE drastically slashed its dividend after posting a massive pretax loss, marred by writedowns on stock options for heavily inflated VW shares. Porsche SE said it had a 4.4 billion euro ($6.60 billion) loss before tax after an 8.
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Porsche AG's parent company said Thursday it lost 4.4 billion euros ($6.6 billion) in the year ending July 31, after earning 8.6 billion euros the year before.
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Porsche AG's parent company said Thursday it lost 4.4 billion euros ($6.6 billion) in the year ending July 31, after earning 8.6 billion euros the year before.
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