Skip to main content

porsche volkswagen

  • 0
    Report: $1.4B hedge fund suit against Porsche dismissed
    1395243060

    Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the ...

  • 0
    Report: Porsche-Piech buy 10% stake in VW's holding company
    1371556800

    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, ...

  • 0
    Report: Porsche again staring down another $1.8B in hedge fund lawsuits
    1368631800

    The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses sued ...

  • 0
    Report: Former Porsche CEO Wiedeking indicted over VW takeover bid
    1356030960

    Do you recall the failed efforts by Porsche to take over Volkswagen? According to a Bloomberg report, former Porsche CEO Wendelin Wiedeking (above) and ex-CFO Holger Haerter have finally been charged with market manipulation over the exercising of options as part of the German sportscar ...

  • 0
    Report: Porsche finds way around $1.9B tax bill tied to VW deal
    1339612260

    After five months of finessing the deal, Volkswagen and Porsche Holding SE have figured out how to sidestep the tax man: VW's €4.5 billion purchase of the remaining 50.1-percent stake in Porsche's sports car unit was going to mean a tax liability of €1.5 billion ($1.9B U.S.) due to the ...

  • 0
    Report: Volkswagen says it could conclude takeover of Porsche this year
    1327532460

    It's been a whole three weeks since we checked in with Volkswagen's takeoever of Porsche, and the most recent news wasn't so good: investors filed a $2.6 billion suit against Porsche over the Stuttgart maker's attempt to gobble up VW. Those same investors also filed an arbitration application ...

  • 0
    Report: Porsche facing suit over 'stranglehold' on VW shares
    1288180800

    Porsche spent billions in an effort to purchase as many Volkswagen shares as possible from 2006 to 2008. But eventually the luxury sports car maker's debt became so overwhelming that it was Volkswagen that ended up in position to snap up it's fellow German automaker. On the surface, that's the end ...

  • 0
    Report: Investment funds suing Porsche in U.S. for "short squeeze" fraud over VW
    1264694280

    The Porsche-as-hedge-fund escapade isn't fully resolved yet. Of course, the biggest denouement will be when Volkswagen finishes integrating the company early next year, but in the meantime, Porsche is still dealing with investor wrath after its stock market foray. A group of U.S.-based hedge ...

  • 0
    Volkswagen takes 49.9 percent stake in Porsche AG
    1260282720

    Cue Ennio Morricone and the symphonic accompaniment to the endgame: VW has officially taken a 49.9% stake in Porsche. VW paid €3.9 billion ($5.75B U.S.) for its cut, "based on the enterprise value for Porsche AG calculated under a careful due diligence and valuation procedure." That's a few ...

  • 0
    REPORT: Porsche to share platforms with VW, possibly 911
    1256322540

    2010 Porsche 911 Turbo – Click above for high-res image gallery
    Can you image a VW-badged Panamera? What about a 911-based product from Wolfsburg? It could happen according to Porsche CEO Michael Macht. Autocar reports that Macht says, "Porsche needs to become a strong pillar of VW," and ...

  • 0
    VW-Porsche cross-pollination as Winterkorn, Pötsch join Porsche board
    1250204340

    The assimilation of Porsche into the Volkswagen Group continued today as two top executives from Wolfsburg have taken up similar positions at the parent company of the sports car maker. Volkswagen CEO Dr. Martin Winterkorn will become CEO of Porsche Automobil Holding SE on September 15. He will be ...

  • 0
    Officially Official: Porsche CEO and CFO quit, leave the building
    1248355560

    It was really just 35 words that announced the ends of two careers at Porsche: "In the last weeks Wiedeking and Härter have come to the conclusion, that the further strategic development of Porsche SE and Porsche AG is better off, if they are not on board as acting persons." And so, effective ...

  • 0
    Did you think the VW-Porsche deal was done? Nein.
    1248188340

    When Volkswagen and Porsche sat down at dinner to discuss which one was going to eat the other one, they forgot to invite the German tax man. After VW came to terms with Porsche to take a 49.9% stake in the Stuttgart sports car maker for €8 billion (around $11.4 billion U.S.), the parties ...

  • 0
    REPORT: Porsche denies word that CEO Wiedeking will hand over the keys amidst deal talk
    1247768940

    This executive cycle isn't uncommon, especially in Germany: CEO displays great leadership over time, then decides to do something daring, then gets caught in a series of unfortunate events, then gets a tarnished reputation, then departs the formerly high-flying company (see also: "Schrempp" and ...

  • 0
    REPORT: German union leader calls on Porsche CEO to end ego trip, merge with VW
    1247264940

    Volkswagen labor union chief Bernd Osterloh has called out Porsche's CEO for holding up a merger between the two German automakers: "Together, one could do a whole lot of more things if [Wendelin] Wiedeking would end his ego trip." Osterloh believes Wiedeking is standing in the way of a tie-up with ...

  • 0
    Porsche considering selling 49% of sports car business to VW?
    1247246940

    Porsche has clearly gotten itself in way too deep in its attempt to take over control of Volkswagen, and now it's scrambling to find a way to relieve some of its crushing debt load. In addition to the possible €5 billion investment (nearly $7 billion USD) from Qatar, Reuters is reporting that ...

  • 0
    REPORT: VW leans on Porsche, Porsche responds, "We will not accept extortion."
    1246282020

    Porsche maintains it still has its mojo, but Volkswagen is treating the company like Porsche's got lunch money and VW is hungry. VW -- which Porsche effectively owns -- loaned Porsche €700 million ($983.8 million) earlier this year, with Porsche due to pay it back in September. As collateral ...

  • 0
    REPORT: VW cancels merger talks with Porsche
    1242649620

    According both automakers, the Porsche-Volkswagen merger has been stalled after VW's management determined Porsche "is lacking several fundamental conditions for the discussions." According to a VW spokesperson, the rift stems from Porsche's inability to demonstrate how the two companies would be ...

  • 0
    Porsche and VW uniting 10 brands under one roof
    1241641800

    Automotive News Europe reports today that Porsche and Volkswagen have finally cleared the way for combining their brands under a single operation. The new carmaking group would have no less than 10 brands under one roof, though the "independence of all brands and explicitly also of Porsche shall be ...

  • 0
    Porsche denies rumored plans to sell itself to Volkswagen and swap CEOs
    1240511040

    Here at Autoblog reports regularly cross our desks suggesting all sorts of contorted deals supposedly being brokered between automakers. This one's in bed with that one, that one's selling the other but retaining a minority interest, another one's starting a joint venture with yet another while ...

Loading

Loading
Autoblog iPhone App
Shop for a vehicle