Cars
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. Moreover, Porsche filed a lawsuit against the Pendragon fund and its manager in an effort to keep the case in its homeland. Read more »
- 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 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...
- Tesla Fails Again In Its Libel Suit Against Top Gear For Roadster Test
Back in December of 2008, Top Gear tested the Tesla Roadster. The Elise-based electric sports car was panned on almost every respect, from its abysmal range and overheating engine to the failed brakes. Last March, Tesla filed a libel suit against BBC’s...
- Investors Sue Porsche For $2.6 Billion Over Unsuccessful Vw Takeover
The automotive world was taken by surprise on October 17, 2007, when Porsche CEO Wendelin Wiedeking announced in an interview on the Sunday Times that the Stuttgart sports carmaker was ready to take over VW. Wiedeking expected the so-called “Volkswagen...
- Court Dismisses First Sudden Acceleration Case Against Toyota Over Technicality
The sudden acceleration issue is still troubling Toyota, which has already paid $50 million in fines and recalled almost 8 million vehicles in the US alone in 2009 and 2010. The Japanese carmaker still has to face the lawsuits brought about by citizens...
Cars
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. Moreover, Porsche filed a lawsuit against the Pendragon fund and its manager in an effort to keep the case in its homeland. Read more »
- 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 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...
- Tesla Fails Again In Its Libel Suit Against Top Gear For Roadster Test
Back in December of 2008, Top Gear tested the Tesla Roadster. The Elise-based electric sports car was panned on almost every respect, from its abysmal range and overheating engine to the failed brakes. Last March, Tesla filed a libel suit against BBC’s...
- Investors Sue Porsche For $2.6 Billion Over Unsuccessful Vw Takeover
The automotive world was taken by surprise on October 17, 2007, when Porsche CEO Wendelin Wiedeking announced in an interview on the Sunday Times that the Stuttgart sports carmaker was ready to take over VW. Wiedeking expected the so-called “Volkswagen...
- Court Dismisses First Sudden Acceleration Case Against Toyota Over Technicality
The sudden acceleration issue is still troubling Toyota, which has already paid $50 million in fines and recalled almost 8 million vehicles in the US alone in 2009 and 2010. The Japanese carmaker still has to face the lawsuits brought about by citizens...