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.
Full story...
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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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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Conceding that some of its U.S. suppliers may be too financially troubled to build their own parts plants, Volkswagen AG is seeking help from an unlikely source: real estate investors.
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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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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant.
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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant.
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Volkswagen AG CEO Martin Winterkorn warns that it will not be easy for Fiat to create another global auto giant.
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The German state of Lower Saxony is open to an Arab investor taking a stake in Volkswagen, state Premier Christian Wulff said on Tuesday.
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Former Volkswagen designer Derek Jenkins has been hired to be the design chief for Mazda in America.
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