You are here » Home / News / Auto Brands / Porsche

Archive for the ‘Porsche’ Category

Homes of former Porsche executives searched

Homes of former Porsche executives searched
Anti-corruption officers have searched the homes and offices of two former Porsche chiefs and not only the German automaker's headquarters, news magazine Der Spiegel reported. The company had said Thursday prosecutors with search warrants raided the headquarters of the luxury carmaker and opened a probe...
August 22nd, 2009 | Porsche | Read More

Volkswagen pursues global goal after Porsche coup

Volkswagen pursues global goal after Porsche coup
Volkswagen has bolstered its bid to become the world's biggest automaker by 2018 after it won a bruising battle with its biggest shareholder, Porsche. VW, the biggest European car maker, wants to overtake Toyota as number one, but a boardroom struggle with the sportscar icon, which was resolved Thursday,...
July 24th, 2009 | Porsche, VolksWagen | Read More

Porsche, VW to hold side-by-side board meetings

Porsche, VW to hold side-by-side board meetings
Volkswagen, the biggest European carmaker, said on Wednesday it would hold a special board meeting next week coinciding with one by its main shareholder, Porsche, in a context of restructuring talk. The meetings will both be held in the southwestern city of Stuttgart. "A meeting of the supervisory board...
July 15th, 2009 | Porsche, VolksWagen | Read More

Volkswagen, Porsche talks suspended amid spat

Volkswagen, Porsche talks suspended amid spat
Merger talks between Europe's biggest carmaker Volkswagen and luxury sportscar manufacturer Porsche were suspended Sunday, amid a rift between the two German auto giants. There is currently "no clear constructive attitude" on the part of Porsche, a Volkswagen spokesman told AFP. "Therefore there is no...
May 17th, 2009 | Porsche, VolksWagen | Read More

Porsche pushes back VW takeover as sales tumble

German luxury sports car maker Porsche said Wednesday it would push back a planned takeover of Volkswagen, the biggest European auto group, after being hit by falling sales. "In view of the current economic climate it is more and more unlikely that we will achieve the goal this year" of raising its stake...
November 26th, 2008 | Porsche | Read More

Porsche posts record profits on back of VW stock options

German luxury sports car maker Porsche posted record annual results Friday on the back of its holding in Europe's biggest car maker Volkswagen but voiced concern about the future as growth slows sharply. Porsche said its year to July 2008 net profit soared nearly 51 percent to 6.39 billion euros...
November 7th, 2008 | Porsche | Read More

Porsche takes effective control of VW

German sports car maker Porsche said it had raised its stake in Volkswagen to 35 percent Tuesday, effectively winning control of Europe's biggest automaker. Porsche said in a statement it had boosted its stake in Volkswagen to 35.14 percent from 31 percent, giving it a "permanent majority at the...
September 16th, 2008 | Porsche | Read More

Porsche contests results of VW general assembly

German luxury sportscar maker Porsche and the German state of Lower Saxony pursued legal skirmishes on Tuesday aimed at wresting control of the biggest European carmaker, Volkswagen. Porsche said it had filed a court petition to challenge the results of a Volkswagen general assembly that rejected proposed...
May 27th, 2008 | Porsche | Read More

Porsche demands changes to VW statutes

Porsche, the German sports car maker, cranked up pressure on Volkswagen Friday, saying it had urged the biggest European carmaker to scrap corporate statutes that have been ruled illegal. The manufacturer of the 911 sports car currently owns 31 percent of the shares in VW and plans to raise...
March 14th, 2008 | Porsche | Read More

Porsche launches bid for VW as it takes control of Scania

Europe's biggest auto firm Volkswagen said Monday it had won control of Swedish truck maker Scania, just before the luxury sports car group Porsche said it was gearing up to take control of VW. VW's decision to take control of Scania could dramatically reshape the heavy vehicle industry...
March 3rd, 2008 | Porsche | Read More
Page 1 of 3123»