Volkswagen Plans Full Porsche Takeover

Volkswagen Plans Full Porsche Takeover
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Martin Winterkorn, CEO of Volkswagen and Porsche, is clearly frustrated at the present lack of integration between the two companies, something he reiterated earlier this month at the North American International Auto Show in Detroit. Continue Reading...

Porsche Casts Doubt Over Volkswagen Merger

Porsche Casts Doubt Over Volkswagen Merger
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Porsche is looking increasingly unsure over a potential takeover by Volkswagen, which currently holds a 49.9-percent stake in the sports car maker. Porsche Automobil Holding SE is the company that holds the 50.1% majority of Porsche AG, the manufacturing arm that actually builds the cars. But Volkswagen is looking to exercise an option that allows… Continue Reading...

Breaking: Porsche CEO Ousted As Volkswagen Takeover Backfires

Breaking: Porsche CEO Ousted As Volkswagen Takeover Backfires
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Porsche CEO Wendelin Wiedeking is leaving his position at the helm of Germany’s most renowned sports car maker and he isn’t leaving voluntarily. Wiedeking was sacked by the Porsche’s executive board late yesterday so that the company could move forward with a “merger” with Germany’s largest automaker, Volkswagen. The now former CEO opposed the deal… Continue Reading...