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ferdinand piech

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    Report: Porsche board members facing another €1.8B lawsuit over VW takeover bid
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    Back in 2008, Porsche got the bright idea that it could take over Volkswagen in the midst of the worst economic slump since the Great Depression. Ignoring that this was a catastrophic move for the Stuttgart sports car manufacturer that resulted in it nearly going bankrupt and eventually being ...

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    Report: VW readying Ducati-engined XL1 sports car
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    Volkswagen made waves with its ultra efficient XL1, a 1,700-pound two-seater that nets a claimed 261 miles per gallon. And while that degree of insane efficiency is admirable, we'd be lying if we didn't see some performance potential with the car's low curb weight and fanatical elimination of ...

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    Report: VW boss Piëch denies plans to step down
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    Reports by German newspaper Handelsblatt claimed that sources close to Volkswagen's chairman and former CEO Ferdinand Piëch have said that the 76-year-old chairman will step down amidst health problems, but VW is denying the reports, according to Reuters. A VW spokeswoman said, "Dr. ...

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    Video: 'Faster. Farther.' dives into the history of Porsche racing tech
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    No doubt, Porsche has produced some of the best endurance racecars around, such as the turbocharged, slant-nose 935 of the 1970s and the ground-effects-enhanced 956 and 962 of the 1980s. But the company's most famous racecar, its first overall winner at the 24 Hours of Le Mans, was the 917. The ...

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    Report: Porsche-Piech buy 10% stake in VW's holding company
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    In August, 2009, as the scuttled merger of Porsche and Volkswagen had gone bad and Porsche was backed up against the ropes, Porsche Automobil Holding SE (PAHSE) relinquished a ten-percent stake in itself to Qatar Holdings as well as options it held on 17 percent of VW shares. The sale meant that, ...

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    Report: Wife of VW paterfamilias Piëch up for Audi supervisory board
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    In a move seen as yet another way for the controlling Piech-Porsche family to leverage its muscle over the continent's biggest automaker, Ursula Piech – wife of chairman Ferdinand Piëch – is set to join the Audi supervisory board at the annual shareholder's meeting on May 16. ...

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    Report: Chrysler and Fiat offering $1,000 rebates to VW owners as Marchionne gets tough
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    The throw-down between Fiat CEO Sergio Marchionne and Volkswagen has heated up in earnest. According to Bloomberg, Fiat and Chrysler are now offering current Volkswagen owners in the US $1,000 rebates to trade in their ride. It's the latest in a series of shots Marchionne has taken at his German ...

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    Report: Ferdinand Piëch regrets letting designer Schreyer leave for Kia
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    Volkswagen Group Chairman Ferdinand Piëch has seen his fair share of executives leave the company's brands during his time at the helm, but according to Automotive News, he now openly regrets allowing Audi designer Peter Schreyer to go. During a rare interview – with an even rarer ...

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    Sergio Marchionne calls VW execs 'reprehensible,' singles out Piech
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    Fiat chairman Sergio Marchionne said Friday he will keep his title of President of the European Automotive Manufacturers Association [ACEA], a day after he excoriated Volkswagen executives for calling for his resignation and suggesting in public that Fiat would not survive the economic recession ...

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    Report: CEO says Volkswagen's buying spree is over
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    After adding Italian motorcycle icon Ducati to its stable and spending $5.6 billion on the rest of Porsche, Volkswagen CEO Martin Winterkorn says he's done shopping for a while. "We have enough to do at the moment in taking our twelve brands to where we want to be," Winterkorn tells German ...

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    Report: Audi deal to buy Ducati valued at $1.1B
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    Automotive News is reporting that Audi is set to lay down $1.1 billion to purchase Ducati from the motorcycle manufacturer's current owner, Investindustrial. The news comes courtesy of a source "familiar with the matter," though neither Audi nor Investindustrial have officially commented on ...

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    Report: Piech says Alfa Romeo sales could increase fourfold under VW ownership
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    Alfa Romeo builds some really good-looking rides, but that apparently hasn't translated into profits for Fiat. In a recent interview with Forbes, Fiat CEO Sergio Marchionne reportedly called the Italian brand a "money loser," and sales of the marque have consistently underwhelmed. But while Fiat ...

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    Mulally tops Motor Trend Power List for 2011
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    Motor Trend has compiled and released its annual Power List. This is the seventh year in which MT ranks the names of heaviest hitting personalities in the automotive industry. They're all ranked in order of just how much juice they hold, and sitting at the top of this year's list is Alan ...

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    Report: Volkswagen eyeing Ferrari stake?
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    If Volkswagen has taught us anything, it's that you can never be too rich or have too many high-dollar automakers under your umbrella. Europe's largest auto group already encompasses Lamborghini, Bugatti and Bentley, is in the process of absorbing Porsche, and makes a couple more six-figure ...

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    Report: Ferdinand Piech finalizes will that protects his VW/Porsche shares from the kids
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    Ferdinand Karl Piëch, head of the Volkswagen Supervisory Board and grandson of Ferdinand Porsche, knows that nothing lasts forever – especially, life. The VW boss man has his mind on his money while his family has his money on their minds. Piëch, born in 1937, has recently ...

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    Report: Porsche continuing work on small SUV
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    The repeatedly on-again-off-again smaller Porsche SUV is apparently back on again, at least if Ferdinand Piech has his way. And anyone that knows anything of the recent history of the Volkswagen Group and Porsche knows that what Piech wants, Piech almost invariably gets. According to Germany's ...

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    1200hp "Super Veyron" winds the rumor mill again
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    Bugatti Veyron 16.4 Grand Sport – Click above for high-res image gallery
    A car as powerful as the Bugatti Veyron can do a great many things. Crest the 400 km/h mark. Burn through fuel and rubber faster than a jumbo jet on take-off with the parking brake engaged. But how about stop time? ...

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    Spy Shots: Prototype 2011 Volkswagen Touareg caught naked?
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    Hey there, odd looking, what you got cooking? Yes, we're pretty positive you're looking (or about to be looking) at the 2011 Volkswagen Touareg caught without its robe on. Visually speaking, not much has changed. The front clip and hood look more in line with the sixth generation Golf/GTI. From ...

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    Rumormill: Volkswagen interested in Ducati... still
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    Ducati 1098R - Click above for high-res image gallery
    Rumors of a possible motorcycle brand for Volkswagen aren't anything new. It's a well-known fact that Ferdinand Piëch, Chairman of Volkswagen's Board, wishes that the German automaker had purchased Ducati back in 1985 when the Italian ...

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    Porsche's Wiedeking tipped to get $140M golden parachute?
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    If the rumored deal for Volkswagen to consume Porsche is indeed accurate, then there are only two things left: the shouting, and the sound of Porsche CEO Wendelin Wiedeking departing his post in a Brinks truck filled with €100 million ($141M USD). German newspaper Bild am Sonntag reported "it ...

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