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Jul
29th

No VW capital increase needed, CEO tells paper

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Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying. Full story...
Jul
29th

No VW capital increase needed now, CEO tells paper

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Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying. Full story...
Jul
28th

No Volkswagen capital increase needed now, CEO tells newspaper

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Volkswagen AG does not currently have to tap equity markets for fresh funding, possibly to finance the purchase of a stake in Porsche Automobil Holding SE's sports car business, VW's CEO was quoted as saying. Full story...
Jul
27th

VW considers $5.7 billion capital hike, report says

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Volkswagen is considering a capital increase as one option among many to finance its takeover of debt-laden sports car maker Porsche AG, bankers familiar with the situation said. Full story...
Jul
27th

VW considers 4 billion euro capital hike, report says

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Volkswagen is considering a capital increase as one option among many to finance its takeover of debt-laden sports car maker Porsche AG, bankers familiar with the situation said. Full story...
Jul
27th

VW mulls 4 billion euro capital hike, report says

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Volkswagen is considering raising up to 4 billion euros ($5.7 billion) ahead of a takeover of Porsche to protect its credit ratings, the Financial Times reported on Monday. Full story...
Jul
26th

Conti in position to turn the tables on Schaeffler

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Porsche Automobil Holding SE isn't the only family-controlled German company that has got itself into a complete big trouble bidding for a far larger rival. Full story...
Jul
26th

Conti in position to turn the tables on Schaeffler

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Porsche Automobil Holding SE isn't the only family-controlled German company that has got itself into a complete big trouble bidding for a far larger rival. Full story...
Jul
26th

Porsche offered Wiedeking $199 million payout, lawyer says

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The Porsche and Piech families were prepared to offer Porsche AG CEO Wendelin Wiedeking 140 million euros ($199 million) for his resignation, his lawyer told Reuters on Friday. Full story...
Jul
25th

Porsche families change stance on VW Law, magazine reports

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Porsche Automobil Holding SE's owner families have agreed with a key Volkswagen AG shareholder that controversial clauses of a law protecting VW from hostile takeovers would be absorbed into the by-laws of Europe's biggest carmaker itself, a German... Full story...
Jul
25th

Porsche families change stance on VW Law

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Porsche Automobil Holding SE's owner families have agreed with a key Volkswagen AG shareholder that controversial clauses of a law protecting VW from hostile takeovers would be absorbed into the by-laws of Europe's biggest carmaker itself, a German... Full story...
Jul
25th

Porsche under pressure to pay debt, Der Spiegel reports

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Deutsche Bank CEO Josef Ackermann has told Porsche Automobil Holding SE's owner families of the urgency to stump up cash in order to pay down the company's debts, which have risen to 14 billion euros (about $19. Full story...
Jul
25th

Porsche under pressure to pay debt, Der Spiegel reports

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Deutsche Bank CEO Josef Ackermann has told Porsche Automobil Holding SE's owner families of the urgency to stump up cash in order to pay down the company's debts, which have risen to 14 billion euros (about $19. Full story...
Jul
25th

More Porsche owners to become VW directors

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Representatives of the families that own Porsche Automobil Holding AG are set to take seats on Volkswagen AG's supervisory board vacated by former Porsche CEO Wendelin Wiedeking and his finance chief, Holger Haerter, sources close to Volkswagen said... Full story...
Jul
25th

Porsche offered Wiedeking 140 million euro payout, lawyer says

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The Porsche and Piech families were prepared to offer Porsche AG CEO Wendelin Wiedeking 140 million euros ($199 million) for his resignation, his lawyer told Reuters on Friday. Full story...
Jul
25th

Porsche offered Wiedeking 140 million euro payout, lawyer says

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The Porsche and Piech families were prepared to offer Porsche AG CEO Wendelin Wiedeking 140 million euros ($199 million) for his resignation, his lawyer told Reuters on Friday. Full story...
Jul
25th

More Porsche owners to become VW directors, sources say

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Representatives of the families that own Porsche Automobil Holding AG are set to take seats on Volkswagen AG's supervisory board vacated by former Porsche CEO Wendelin Wiedeking and his finance chief, Holger Haerter, sources close to Volkswagen said... Full story...
Jul
24th

THE WEEK THAT WAS: Egos, dollars and mergers

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Three stories dominated the autobiz news this week: the ongoing VW-Porsche merger and Opel sale sagas and Ford's second quarter results. Full story...
Jul
24th

Volkswagen’s first-half car sales drop 5 percent to 3.1 million

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Volkswagen group's global vehicle sales fell 5 percent to 3.1 million in the first half, but the company's nine brands, which will soon include Porsche as a 10th marque, boosted market share. By comparison, General Motors Co.' Full story...
Jul
24th

VW’s first-half sales drop 5% to 3.1 million

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Volkswagen group's global vehicle sales fell 5 percent to 3.1 million in the first half, but the company's nine brands, which will soon include Porsche as a 10th marque, boosted market share. By comparison, General Motors Co.' Full story...
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