In late July Porsche announced Wendelin Wiedeking would be leaving his position as the company’s CEO to be replaced by Michael Macht, clearing the way for the supervisory board at [...]
Tag Archives | german auto industry
Volkswagen And Porsche Close Merger Deal
Europe’s largest automaker, Volkswagen, and Porsche announced at the end of last week that they reached an agreement to merge their operations to create an integrated automotive group led by [...]
Porsche / VW Drama Reaches Climax
The on-going feud between the families behind Porsche and VW continues to spill into the business dealings of the two companies. Both Porsche and VW have angled for the better [...]
VW Halts Merger With Porsche
Volkswagen says it has indefinitely halted talks over its merger with Porsche, saying the sports car manufacturer is not prepared for a partnership. Porsche went into significant debt earlier this [...]
Can Porsche Manage Debt from VW Deal?
The takeover last year of much larger Volkswagen seemed ingenious before the slump hit, but now Porsche is struggling to pay the interest on its debt. According to a member [...]
