Porsche

Volkswagen to obtain 42% of Porsche

Martin Winterkorn, CEO of Volkswagen

Europe's leading carmaker, Volkswagen has agreed to buy a 42% stake worth $4.7 billion in the sports car unit of Porsche.

The current move of Volkswagen is move towards merging the two car manufacturers into a German automotive giant by 2011.

Volkswagen's CEO, Martin Winterkorn will be the head of the company.

Porsche to discuss Qatar deal on July 23

Porsche to discuss Qatar deal on July 23

Porsche Automobil Holding SE has confirmed that it would hold a supervisory board meeting on July 23 to mull over the settlement with Qatar Investment Authority.

An intimate source informed that Chairman Wolfgang Porsche would discuss issues regarding the feasible sale of a stake in Porsche SE to Qatar worth over 5 billion euros.

Porsche describes Volkswagen’s ‘ultimatum’ as “extortion”

Porsche describes Volkswagen’s ‘ultimatum’ as “extortion”

The two German auto companies, Porsche, maker of sports cars and luxury S.U.V.’s, and Volkswagen, the largest European carmaker were already at loggers head with each other, but Volkswagen’s alleged move of setting a deadline for Porsche to agree to a merger plan has added fuel to the fire.

VW-Porche prospective merger talks come to standstill

Porsche, Volkswagen

Two weeks after Europe's largest automaker Volkswagen AG and its smaller counterpart Porsche SE initiated negotiations regarding a prospective merger, the talks have come to a standstill. Volkswagen (VW) said that Porsche, its main shareholder, was "not ready" for the tie-up.

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