vw takeover


Porsche suffers $6.6B loss thanks to VW share writedowns

In 2008, Porsche ended its year with a ginormous 8.5 billion euro profit. Pretty amazing for a company that only makes 100,000 vehicles per year. Or not. As it turns out, Porsche's profits had everything to do with the German automaker's plan to buy out the much larger Volkswagen Group, and Porsche's considerable amount of VW stock options shot up in value to over 1,000 euros per share, making Porsche look like the financial genius of the 21st century. Here we are in 2009 and Porsche's fortunes couldn't have shifted more. The freezing of ... Read more →

VW Piech era could be drawing to close, family planning coup Sam Abuelsamid

For the past 15 years Ferdinand Piech has been the guiding force behind Volkswagen, first as CEO and Chairman, and since his mandatory retirement in 2002, as Chairman of the Supervisory Board. Before ...

Porsche tells VW: We won't eat you until after the holidays, Merry Christmas Jonathon Ramsey

Porsche got what it wanted with the repeal of the "Volkswagen Law", but has done nothing yet but stand over its prey, waiting for... well, nobody knows what Porsche is waiting for. However, Porsche ...

Porsche suffers $6.6B loss thanks to VW share writedowns 28 days ago on Autoblog

In 2008, Porsche ended its year with a ginormous 8.5 billion euro profit. Pretty amazing for a company that only makes 100,000 vehicles per year. Or not. As it turns out, Porsche's profits had everything to do with the German automaker's plan to buy out the much larger Volkswagen Group, and ...

VW Piech era could be drawing to close, family planning coup 1 year ago on Autoblog

For the past 15 years Ferdinand Piech has been the guiding force behind Volkswagen, first as CEO and Chairman, and since his mandatory retirement in 2002, as Chairman of the Supervisory Board. Before that he headed Audi and helped to cultivate the four-ringed brand's engineering reputation. However, ...

Porsche tells VW: We won't eat you until after the holidays, Merry Christmas 2 years ago on Autoblog

Porsche got what it wanted with the repeal of the "Volkswagen Law", but has done nothing yet but stand over its prey, waiting for... well, nobody knows what Porsche is waiting for. However, Porsche CEO Wendelin Wiedeking has told VW that the smaller company will not make Christmas dinner of the ...






Autoblog Podcast #157: Mike Levine trucks along with us.

Mike Levine from PickupTrucks.com joins Chris, Sam, and Dan this week and gets a chance to talk about cars, too! 

 
 

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