Volkswagen should play the lead role in any merger with Porsche Automobil Holding SE, the chairman of VW said in his first public comments on talks to fuse Europe's biggest automaker with the luxury sportscar group.
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The new company resulting from the merger of Volkswagen and Porsche will be based in Wolfsburg or Hannover, Spiegel magazine reported.
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The Porsche and Piech families will remain a dominant presence in the proposed merger between Volkswagen and Porsche, according to Der Spiegel magazine which at the weekend said the familes would hold about a stake of between 45 and 55%.
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FRANKFURT (Reuters) -- The Porsche and Piech families will hold a stake of about 45 percent to 55 percent in an entity to be formed from a planned merger between Volkswagen and Porsche, according to a German weekly magazine.
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FRANKFURT (Reuters) -- The Porsche and Piech families will hold about 45 percent to 55 percent stake in an entity to be formed from a planned merger between Volkswagen and Porsche, according to a German weekly magazine, citing sources.
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FRANKFURT (Reuters) -- The Porsche and Piech families will hold about 45 percent to 55 percent stake in an entity to be formed from a planned merger between Volkswagen and Porsche, according to a German weekly magazine, citing sources.
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The warm weather travel season has arrived! In addition to green scenery and hot days, this is a time of year when many enthusiast motorists think about cars that deliver a high-style, high-status and high-performance driving experience.
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Porsche's plan to merge with Volkswagen has intensified a power struggle that could see the spectacular fall of the sports car maker's CEO Wendelin Wiedeking.
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Porsche's plan to merge with Volkswagen has intensified a power struggle that could see the spectacular fall of the sports car maker's CEO Wendelin Wiedeking.
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Four generations of SEAT's Ibiza, the car described by design chief Luc Donckerwolke as "our icon" took to the stage at the Barcelona show to mark 25 years since the first Ibiza - with Porsche-designed engine - was launched.
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The management boards of Volkswagen AG and Porsche Automobil Holding SE have agreed to create an "integrated car manufacturing group".
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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker.
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The Porsche and Piech families, owners of automaker Porsche and controller of Volkswagen, said on Tuesday that they will create a management unit to oversee all 10 of their auto brands.
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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker.
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Porsche Automobil Holding SE halted attempts to take over partner Volkswagen AG and instead agreed to explore a merger with Europe's biggest automaker.
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Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today.
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Porsche Automobil Holding SE and its Volkswagen unit will create an integrated carmaking group that unites 10 brands under one roof, Porsche said today.
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The senior labor leader at Porsche AG, the sports car business entirely owned by heavily indebted Porsche Automobil Holding SE, rejected any sale to Volkswagen AG and called on the owners to raise fresh capital.
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The clans that control the Porsche automotive empire are set to meet on Wednesday in the hopes of finding a solution to its high-risk takeover plans for Volkswagen that have backfired.
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