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Ex-Porsche CEO Save The Journalists – US-FOREX.US
Porsche Chief Executive Wendelin Wiedeking is on his way out to make way for a merger with Volkswagen. But his payoff should soften the blow: The outgoing CEO is getting a check for 71.1 million, despite the obvious failure of his plan to buy out Volkswagen. In fact, it now looks like Volkswagen could end… »
Porsche Chief Gets The Boot – US-FOREX.US
Porsche Chief Executive Wendelin Wiedeking headed for the exit on Thursday, holding a tidy 71.2 million payout as the luxury automaker drew closer to a tie-up with sister company Volkswagen. It’s a step in the right direction: His replacement, Michael Macht, as well as his deputy Thomas Edig, will be better positioned to smooth the… »
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… »
Another Road Bump For Porsche – US-FOREX.US
These are tense times for luxury German automaker Porsche. After failing in its plan to take over sister company Volkswagen, the company’s board is days away from deciding whether to approve an unconfirmed offer from Qatar’s sovereign wealth fund for a 10% to 25% stake. But although a lot of uncertainty is surrounding Chief Executive… »