Ferdinand Piech, former VW Chairman is reported to be losing his board seat at Porsche SE according to a report in Bild am Sonntag. In case you're not familiar, Porsche SE is the company that the Porsche and Piech families keep their holdings in Europe's largest carmaker. At the annual meeting on May 30th Porsche SE's shareholders will vote …Continue to the full article
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Recent Posts from: porsche vw merger
Wiedeking and Härter Acquitted Of Market Manipulation Charges
The Regional Court of Stuttgart has acquitted the former members of the executive board of Porsche Automobil Holding SE, Stuttgart (Porsche SE), Dr. Wendelin Wiedeking and Holger Härter, of alleged market manipulation. In the opinion of the chamber of the Regional Court of Stuttgart responsible for economic offenses under Presiding Judge Dr. Frank …Continue to the full article
Ferdinand Piëch Loses Power Struggle, Resigns From VW
Ferdinand Piëch, who started his career at Porsche and is forever tied to its racing success with the development of the 906, the 904 GTS and most notably the 917, has held the reigns at VW since 1993. And while Piëch is known to make news for his gutsy and audacious calls (the Bugatti Veyron, the VW Phaeton, the Audi Quattro, to name a few) he's …Continue to the full article
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 article
Has 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 article