Just over a month ago Volkswagen Group CEO Herbert Deiss assured everyone on the third quarter earnings call that the company would not be selling off assets. This came in the face of growing concerns that the company was looking to offload Lamborghini and Ducati, and that Porsche might be spun off with its own initial public offering. Porsche, in …
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Recent Posts from: piech
Is Ferdinand Piech Hell Bent on Taking Over the World?
Of Sport and Super cars that is. A recent article in Manager Magazin notes that Piech has already said openly that he would like VW to buy Fiat's Alfa Romeo marque. However, they go further to speculate that, "[the] real object of his desire," is Ferrari. hmmm. can you see the resemblance? As you know, VW already owns Lamborghini and …
Continue to the full articleHas Porsche Lost Their Independence?
Quite a few reports out over the last few days that Porsche is no longer an independent company. The latest crop of rumors sprout from a report in Der Spiegel that VW/Piech has completed a reverse takeover and purchased the sport car manufacturing division, Porsche AG, of Porsche SE (and in doing so purchased the option to purchase themselves) yet …
Continue to the full articlePorsche to VW: Backoff!
Just moments ago, Porsche Automobil Holding SE released a joint statement from Dr. Wolfgang Porsche, Chairman of the Supervisory Board, and his Deputy Uwe Hück on the Ultimatum by Volkswagen and the State of Lower Saxon (more on the ultimatum after the release): “We trust that as in the past we are planning a successful future together with VW to …
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