VW CEO Martin Winterkorn believes that there is scope for Porsche to expand its product portfolio but has ruled out developing a VW-Porsche as the companies did in the 1970s.
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The offices of Porsche have been raided by German federal prosecutors probing alleged insider trading on Volkswagen shares.
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Volkswagen chief executive Martin Winterkorn has defended VW's plans to integrate Porsche and reiterated ambitious sounding targets for cost savings.
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Dr. Ing. h.c. F. Porsche AG, Stuttgart, is sending the new 911 GT3 RS to the starting line: Delivering even more engine power, offering lower weight, and featuring shorter transmission ratios as well as body and suspension elements upgraded to an even higher standard, the new 911 GT3 RS sets the foundation for homologating the racing version of the 911 GT3 and therefore offers everything it takes for ongoing success on the race track, continuing the series of absolutely uncompromising, sporting 911s homologated for the road.
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Porsche has agreed to sell a 10% voting stake in its business to Qatar Holding, which will also take a 17% voting stake in the Volkswagen (VW) Group as it acquires share options held by Porsche in a deal worth EUR7bn (US$9.9 billion).
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Porsche and Volkswagen could merge as soon as next year instead of 2011 as currently planned, German newspaper Die Welt reported on Monday.
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The new entity formed by the merger of Volkswagen AG and Porsche AG aims to become the world's largest carmaker says Lower Saxony state's premier, Christian Wulff.
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The Auto Union name could be revived as the name for the new Volkswagen-Porsche combined entity which will be led by VW CEO Martin Winterkorn.
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This Friday, in a festive ceremony, Porsche Automobil Holding SE, Stuttgart, and Qatar Holding LLC (QH) signed an agreement signaling the entry of the Emirate of Qatar into the Porsche SE family. In the afternoon, the Chairman of the Supervisory Board of Porsche SE, Dr. Wolfgang Porsche, welcomed the high-ranking delegation from Qatar led by Prime Minister of the Emirate, Sheik Hamad ibn Jassim ibn Jabir Al-Thani, to the historical Porsche Villa located on Killesberg Hill outside of Stuttgart.
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Volkswagen will buy 42 percent of Porsche's sports-car business en route to a full merger by the end of 2011, the companies announced Thursday.
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Porsche will likely run autonomously in North America after its integration with Volkswagen AG, a spokesman says.
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Volkswagen AG agreed to buy a 42 percent stake in the sports car unit of debt-ridden Porsche Automobil Holding SE in another step toward combining the two German carmakers into a European automotive giant. VW will pay up to 3.3 billion euros ($4.
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Volkswagen AG agreed to buy a 42 percent stake in the sports car unit of debt-ridden Porsche SE, another step toward combining the two German carmakers into a European automotive giant. VW will pay up to 3.3 billion euros ($4.
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Volkswagen AG agreed to buy a 42 percent stake in the sports car unit of debt-ridden Porsche Automobil Holding SE in another step toward combining the two German carmakers into a European automotive giant. VW will pay up to 3.3 billion euros ($4.
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Volkswagen AG agreed today to buy a 42 percent stake in the sports car unit of debt-ridden Porsche Automobil Holding SE in another step toward combining the two German carmakers into a European automotive giant. VW will pay up to 3.
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Porsche and Volkswagen have broadly agreed on sale terms, and the name Auto Union may be resurrected, Reuters reports.
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Volkswagen AG's supervisory board on Thursday approved a deal with Porsche Automobil Holding SE that preserves the German state of Lower Saxony's right to block significant decisions at VW, a politician from VW's home state said on Thursday.
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