Cars
At the annual general meeting of Porsche SE in Stuttgart on Monday, the company's CEO Martin Winterkorn told shareholders that the Volkswagen Group wants to buy the second half of the sports car maker before August 2014 when the acquisition would be free of tax, Reuters reported.
- Vw To Buy Out Porsche’s Shares "when The Time Is Right"
It’s no secret that Volkswagen has wanted to add Porsche to its portfolio for quite some time now. After Porsche tried to acquire the VW Group without any success, the two companies decided in 2009 to complete a merger until the end of 2011. ...
- New Porsche Small Suv Confirmed By Vw Group Ceo, Says It May Be Called "cajun"
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- Volkswagen Acquires 49.9% Stake In Porsche For €3.9 Billion
In a story that started out with Porsche trying to take over Volkswagen only to end up the other way around, VW made a significant step towards its plan to integrate the German sports car brand by announcing today that it acquired a 49.9% stake in Porsche...
- 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’s Board Gives The Green-light To Buy Majority Stake In Vw Group
Following a meeting held earlier today (Monday, March 3), Porsche’s Supervisory Board authorized the Managing Board to go-ahead and initiate all steps needed to increase the sports carmaker stake in Volkswagen AG to more than 50 per cent. Porsche...
Cars
Volkswagen Group Wants to Complete Acquisition of Porsche Before 2014
At the annual general meeting of Porsche SE in Stuttgart on Monday, the company's CEO Martin Winterkorn told shareholders that the Volkswagen Group wants to buy the second half of the sports car maker before August 2014 when the acquisition would be free of tax, Reuters reported.
"It's not in the interest of any of the parties to wait that long, neither the companies nor the tax authorities," Winterkorn told the shareholders.
Read more »- Vw To Buy Out Porsche’s Shares "when The Time Is Right"
It’s no secret that Volkswagen has wanted to add Porsche to its portfolio for quite some time now. After Porsche tried to acquire the VW Group without any success, the two companies decided in 2009 to complete a merger until the end of 2011. ...
- New Porsche Small Suv Confirmed By Vw Group Ceo, Says It May Be Called "cajun"
According to Volkswagen AG CEO Martin Winterkorn himself, there's a new baby Cayenne in the works. In an interview with German magazine Der Spiegel, Winterkorn said Porsche "will get a new SUV, a smaller brother to the Cayenne which might be...
- Volkswagen Acquires 49.9% Stake In Porsche For €3.9 Billion
In a story that started out with Porsche trying to take over Volkswagen only to end up the other way around, VW made a significant step towards its plan to integrate the German sports car brand by announcing today that it acquired a 49.9% stake in Porsche...
- 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’s Board Gives The Green-light To Buy Majority Stake In Vw Group
Following a meeting held earlier today (Monday, March 3), Porsche’s Supervisory Board authorized the Managing Board to go-ahead and initiate all steps needed to increase the sports carmaker stake in Volkswagen AG to more than 50 per cent. Porsche...