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 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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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.
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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 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.
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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.
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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.
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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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