Talks to strike a deal over the future of Porsche are heating up as rival factions race toward an expected showdown on Thursday.
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Talks to strike a deal over the future of Porsche are heating up as rival factions race toward an expected showdown on Thursday.
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Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday.
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Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday.
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Porsche SE is likely to hold back on a decision to merge with Volkswagen AG at its board meeting on Thursday as the holding company's controlling families can't agree on measures to reduce debt, according to people familiar with the situation.
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In today's News Brake: Chrysler maps out new routes for the Chrysler Sebring and Dodge Avenger sedans; is Porsche looking for a new driver? and some of the world's best challenge Pikes Peak ... But Wait, There's More!
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Porsche CEO Wendelin Wiedeking will fight for his company and its staff if it merges with Volkswagen, he has said in an interview to be published on Thursday.
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Any deal to sell Porsche Automobil Holding SE's sports car business to Volkswagen AG could be canceled by potential tax liabilities, a German newspaper reported today, knocking shares in the two German companies.
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Any deal to sell Porsche Automobil Holding SE's sports car business to Volkswagen AG could be canceled by potential tax liabilities, a German newspaper reported on Monday, knocking shares in the two German companies.
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Any deal to sell Porsche Automobil Holding SE's sports car business to Volkswagen AG could be canceled by potential tax liabilities, a German newspaper reported on Monday, knocking shares in the two German companies.
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Porsche Automobil Holding SE's debt pile from its attempt to take over the much larger Volkswagen may be larger than the company has admitted according to Germany's Bild newspaper today.
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Porsche Automobil Holding SE's debt pile from its attempt to take over the much larger Volkswagen may be larger than the company has admitted according to Germany's Bild newspaper today.
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Porsche Automobil Holding SE has wracked up 14 billion euros ($19.75 billion) in debt in its failed attempt to take full control of Volkswagen, Germany's Bild newspaper reported on Monday, citing an informed source.
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Porsche Automobil Holding SE has wracked up 14 billion euros ($19.75 billion) in debt in its failed attempt to take full control of Volkswagen, Germany's Bild newspaper reported on Monday, citing an informed source.
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Porsche Automobil Holding SE has wracked up 14 billion euros ($19.75 billion) in debt in its failed attempt to take full control of Volkswagen, Germany's Bild newspaper reported on Monday, citing an informed source.
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Porsche Automobil Holding SE has wracked up 14 billion euros ($19.75 billion) in debt in its failed attempt to take full control of Volkswagen, Germany's Bild newspaper reported on Monday, citing an informed source.
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Alex Gurney (and Jon Fogarty) held off Scott Pruett (and Memo Rojas) in a 20-minute sprint to win Sunday's Porsche 250 by 0.759 seconds, tying the Daytona Prototype point standings with only four races remaining in the 2009 Grand-Am Rolex Sports Car Series season.
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Porsche Automobil Holding SE's controlling families will agree on Thursday to accept an offer by Volkswagen AG to buy the sports car business Porsche AG for roughly 8 billion euros ($11.28 billion), Der Spiegel reported on Saturday.
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Porsche's top labor leader criticized as "false" a report that the company's production boss Michael Macht will replace Wendelin Wiedeking as CEO of the sports car maker.
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Porsche Automobil Holding SE's controlling families will agree on Thursday to accept an offer by Volkswagen AG to buy the sports car business Porsche AG for roughly 8 billion euros ($11.28 billion), Der Spiegel reported on Saturday.
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