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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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...
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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...
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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.
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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.
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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...
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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.
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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.
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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...
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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.
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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.'
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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.'
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