Cars
In a continuation of the Porsche-Volkswagen takeover/stock controversy, 18 hedge funds added their names to a list of people taking Porsche to court in a $2 Billion lawsuit here in the States.
- Porsche Stock Manipulation Probe Extended To All Board Members, Including Ferdinand Piech
The year may have started fabulously for Porsche, as global sales in January were up by 25.5 percent to 12,061 deliveries compared to the same month in 2011 (9,613 units), but it now faces new trouble concerning its 2008 failed attempt to acquire VW....
- Porsche Wins New York Case Over Vw Takeover After Appeals Court Rejects Lawsuit
The issue of Porsche’s failed attempt to acquire Volkswagen in 2008 has surfaced again. Last week the automaker’s former CEO Wendelin Wiedeking and ex-COO Holger Haerter were formally charged in Stuttgart, Germany with market manipulation....
- Porsche Fires “italian Torpedo†Over Failed Vw Takeover, Former Execs Charged
Don’t worry, Porsche is not attacking Ferrari or Lamborghini. An "Italian torpedo" is lawyer slang for when someone files a lawsuit in a certain court while the other party does the same in a different country. Italian courts can take...
- Volkswagen And Porsche Close Merger Deal
Europe's largest automaker, Volkswagen, and Porsche announced today that they reached an agreement to merge their operations to create an integrated automotive group led by VW. Under the agreement, Volkswagen will buy a 42 percent stake in Porsche's...
- Porsche Ceo: "we’re All Set To Take Over Vw"
Porsche CEO Wendelin Wiedeking confirmed in an interview he gave to the Sunday Times (Oct 14, 2007) that his company is prepared to take control of VW, if Germany’s so-called “Volkswagen law†is ruled illegal next week (October 23)...
Cars
Everybody Join in! More Hedge Funds Join Anti-Porsche Lawsuit
In a continuation of the Porsche-Volkswagen takeover/stock controversy, 18 hedge funds added their names to a list of people taking Porsche to court in a $2 Billion lawsuit here in the States.
Porsche, Wendelin Wiedeking (former CEO), and Holger Härter (former CFO) are said to have committed fraud and "manipulated the market" over a four-year period in order to keep the company out of bankruptcy.
The alleged shady dealings were "an attempt to recoup large losses suffered by [Porsche, Wiedeking, and Härter] after a VW share price surge in 2008 triggered by Porsche's takeover attempt on Europe's largest carmaker."
- Porsche Stock Manipulation Probe Extended To All Board Members, Including Ferdinand Piech
The year may have started fabulously for Porsche, as global sales in January were up by 25.5 percent to 12,061 deliveries compared to the same month in 2011 (9,613 units), but it now faces new trouble concerning its 2008 failed attempt to acquire VW....
- Porsche Wins New York Case Over Vw Takeover After Appeals Court Rejects Lawsuit
The issue of Porsche’s failed attempt to acquire Volkswagen in 2008 has surfaced again. Last week the automaker’s former CEO Wendelin Wiedeking and ex-COO Holger Haerter were formally charged in Stuttgart, Germany with market manipulation....
- Porsche Fires “italian Torpedo†Over Failed Vw Takeover, Former Execs Charged
Don’t worry, Porsche is not attacking Ferrari or Lamborghini. An "Italian torpedo" is lawyer slang for when someone files a lawsuit in a certain court while the other party does the same in a different country. Italian courts can take...
- Volkswagen And Porsche Close Merger Deal
Europe's largest automaker, Volkswagen, and Porsche announced today that they reached an agreement to merge their operations to create an integrated automotive group led by VW. Under the agreement, Volkswagen will buy a 42 percent stake in Porsche's...
- Porsche Ceo: "we’re All Set To Take Over Vw"
Porsche CEO Wendelin Wiedeking confirmed in an interview he gave to the Sunday Times (Oct 14, 2007) that his company is prepared to take control of VW, if Germany’s so-called “Volkswagen law†is ruled illegal next week (October 23)...