Tag Archive
En Route VW And Porsche – US-FOREX.US
Europe’s biggest carmaker, Volkswagen, is finally taking over Porsche after agreeing on Thursday to buy a 42% stake in the sports car unit of debt-ridden Porsche, ending months of fractious relations between the two companies. Volkswagen expects the deal to be completed by 2011 and provide a total of 700 million euros in savings from… »
VW And Porsche United- US-FOREX.US
Europe’s biggest carmaker, Volkswagen, is finally taking over Porsche after agreeing on Thursday to buy a 42% stake in the sports car unit of debt-ridden Porsche, ending months of fractious relations between the two companies. Volkswagen expects the deal to be completed by 2011 and provide a total of 700 million euros in savings from… »
Anglo Makes Its Case – US-FOREX.US
Cynthia Carroll has much to prove. The chief executive of Anglo American has rebuffed a no-premium, merger of equals proposal from rival Xstrata and is fighting back against shareholder criticism that she’s not doing enough to cut costs after a string of acquisitions during the commodities boom. Anglo now seems to be making a strong… »
Volkswagens Balancing Act – US-FOREX.US
It might not be selling as many cars as it wants, but it does have plenty of cash. Europe’s largest car maker, Volkswagen managed to beat expectations with second quarter profits as it gathered seemingly more than enough cash to buy Porsche ahead of its tie up with the sports car maker. Stuttgart, Germany-based Volkswagen… »
Porsche VW Seen Close To Deal – US-FOREX.US
It looks like the auto industry’s biggest soap opera is almost over. German carmaker Volkswagen is on the verge of buying half of Porsche’s car-making business, according to German press reports, while the sheikh of Qatar is buying a stake in Porsche and options that control 20% of Volkswagen shares, from Porsche. This could put… »
The Anglo American Slow Dance – US-FOREX.US
You’d think mining mergers would have become predictable by now: one player bids; the other vehemently rejects; China, eventually, gets involved. Regulatory and political wrangling also means the deal takes forever to close. BHP Billiton made advances towards Rio Tinto in Nov. 2007 and it was only earlier this month that it had, finally, turned… »