Porsche SE's controlling families will agree on Thursday to accept an offer by Volkswagen to buy its sports car business Porsche AG for roughly 8 billion euros ($11.28 billion), Der Spiegel reported on Saturday.
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A face-saving compromise is set to resolve the months-long power struggle between Volkswagen and Porsche SE over who will control the carmaking powerhouse they seek to forge.
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A face-saving compromise is set to resolve the months-long power struggle between Volkswagen and Porsche SE over who will control the carmaking powerhouse they seek to forge.
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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 makert.
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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 makert.
Full story...
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.
Full story...
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'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 makert.
Full story...
Porsche CEO Wendelin Wiedeking could be offered a $141 million (100 million euros) payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung newspaper reported Friday.
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A face-saving compromise is set to resolve the months-long power struggle between Volkswagen and Porsche SE over who will control the carmaking powerhouse they seek to forge.
Full story...
The families that own Porsche are close to a compromise agreement that would allow Volkswagen to take a stake of nearly 50 percent in the sports car maker, sources told Reuters.
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Porsche CEO Wendelin Wiedeking could be offered a 100 million euro payoff to quit the sports car maker to make way for a merger with Volkswagen, Germany's Sueddeutsche Zeitung said.
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Porsche again ranked as the industry's most appealing brand, while Dodge and Ford scored big gains in a U.S. rating of vehicles' ability to excite owners. Porsche's victory was its fifth straight in the annual APEAL study, released today by J.D.
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Porsche again ranked as the industry's most appealing brand, while Dodge and Ford scored big gains in a U.S. rating of vehicles' ability to excite owners. Porsche's victory was its fifth straight in the annual APEAL study, released today by J.D.
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Porsche has denied newspaper reports that its embattled CEO, Wendelin Wiedeking, would leave the company after Volkswagen takes a 49% percent stake in the business.
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Porsche has denied reports that its embattled CEO, Wendelin Wiedeking, is to leave the sports car maker after Volkswagen takes a 49 percent stake in the company.
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Porsche has denied reports that its embattled CEO, Wendelin Wiedeking, is to leave the sports car maker after Volkswagen takes a 49 percent stake in the company.
Full story...
Porsche has denied reports that its embattled CEO, Wendelin Wiedeking, is to leave the sports car maker after Volkswagen takes a 49 percent stake in the company.
Full story...
Porsche has denied reports that its embattled CEO, Wendelin Wiedeking, is to leave the sports car maker after Volkswagen takes a 49 percent stake in the company.
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Porsche has denied that its embattled CEO, Wendelin Wiedeking, is to leave the company. Germany's business weekly WirtschaftsWoche reported on Wednesday that Wiedeking would leave Porsche and a successor will be decided on shortly.
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