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. Putting Piëch's wife, a 56-year-old kindergarten teacher, on the board is seen as just a formality as the Piëch and Porsche families already control more than 90 percent of the Porsche SE holding
Volkswagen is on the rise, and has its eye on becoming the largest automaker in the world. But the VW Group is about more than just cars. Their considerable holdings and expanding corporate tree also encompasses several heavy truck manufacturers, and that part of the business has now been cleared to expand.
Porsche's integration into the Volkswagen Group has already and will undoubtedly continue to see increased cooperation between the allied German automakers in a number of arenas, from platforms and engines to production methods and technology. And let's not forget personnel, as evidenced by the latest shift in top management announced by Porsche and Volkswagen.
Volkswagen of America's President and CEO Stefan Jacoby is bullish on the future of the people's car company – so much so that he feels sales of his brand in the U.S. will double within the next few years. Automotive News reports that the German exec has estimated that sales will reach "400,000 to 450,000 vehicles." Even without the sour state of the economy, those are massively ambitious figures: VW sold just 213,454 cars and crossovers in America in 2009, down four percent versus the com
The soap opera surrounding Volkswagen AG and Porsche has just taken a turn for the legal, as Bloomberg reports that the company's German offices have been raided by prosecutors who are investigating whether the automaker has violated security laws.
Look too quickly and you'd swear that these two exotics are the same car. Anything longer than a glance and you start to notice the differences. Even then, the silhouette of the Bugatti and the Bentley are quite similar. Both brands are under Volkswagen's corporate umbrella, and both cars were touched by the design fingerprint of Hartmut Warkuss. The shape of these two cars seemingly represents what VW's design folks thought of as a supercar eight years ago. We think it still works pretty well.