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Piech

October 1, 2010

Ferdinand Piëch, Volkswagen’s chairman and grandson of Ferdinand Porsche, said he would be keen to acquire Alfa Romeo, one of Europe’s most famed car brands which is owned by Fiat.

Ferdinand Piëch, Volkswagen's chairman and grandson of Ferdinand Porsche, said he would be keen to acquire Alfa Romeo, one of Europe's most famed car brands which is owned by Fiat.
 
Piech (pictured), speaking at the Paris motor show, said VW would be "interested in taking over Alfa Romeo" to add to the 10 marques the carmaker already owns.
 
Sergio Marchionne, Fiat's chief executive, responded by saying: "None of our cars are up for sale."
 

July 30, 2010

VW, the family-controlled automaker, continues to outpace Porsche, its smaller rival owned by a different branch of the same family, ahead of their proposed merger next year.

VW, the family-controlled automaker, continues to outpace Porsche, its smaller rival owned by a different branch of the same family, ahead of their proposed merger next year.

VW announced its results for H1 2010, the highlight being profits after tax of €1.8 billion. The Germany-based company, Europe's largest automobile manufacturer, also increased its global market share to 12%.

May 26, 2010

Volkswagen AG, the family-controlled car manufacturer, announced yesterday it is to take a 90.1% stake in the family-owned design and development company Italdesign Giugiaro.

Volkswagen AG, the family-controlled car manufacturer, announced yesterday it is to take a 90.1% stake in the family-owned design and development company Italdesign Giugiaro.
 
Financial terms of the deal were not disclosed, however VW said it would acquire the share from Italdesign's current family owners, the Giugiaro family, through its Lamborghini brand. The founding family will retain the remaining shares.
 

March 17, 2010

The perils of owning and managing a family business are a regular feature of www.campdenFB.com, writes Katie Barker. Sibling rivalry, a lack of succession planning and leaders who are unable to let go are just some of the problems that can result in family feuds, PR catastrophes or even the sale of the business

The perils of owning and managing a family business are a regular feature of www.campdenFB.com, writes Katie Barker. Sibling rivalry, a lack of succession planning and leaders who are unable to let go are just some of the problems that can result in family feuds, PR catastrophes or even the sale of the business.

February 1, 2010

Hans Peter Porsche, third-generation family member of the founding Porsche family, retired from the supervisory board of the family business on Friday.

Hans Peter Porsche, third-generation family member of the founding Porsche family, retired from the supervisory board of the family business on Friday.

He is to be replaced by Sheikh Jassim Bin Abdulaziz Bin Jassim Al-Thani, a representative of Qatar Holdings, the Doha-based investment company that owns a 10% stake in Porsche. 

January 26, 2010

Four American hedge funds are suing Porsche, the family-controlled sports carmaker, for more than $1 billion in a lawsuit filed in New York yesterday.

Four American hedge funds are suing Porsche, the family-controlled sports carmaker, for more than $1 billion in a lawsuit filed in New York yesterday. 

December 9, 2009

Volkswagen AG, the family-controlled car manufacturer, announced today it plans to take a 19.9% stake in the Japanese car company Suzuki Motor Corporation.

Volkswagen AG, the family-controlled car manufacturer, announced today it plans to take a 19.9% stake in the Japanese car company Suzuki Motor Corporation.

The move is an attempt to access the emerging Asian markets, particularly the Indian market, in VW's quest to become the world's largest automaker.

October 29, 2009

As we approach the halfway point of the search to find www.campdenFB.com's Family Business Leader of the Year 2009, Ronald and Leonard Lauder have taken a decisive lead in the poll, writes Marc Smith

As we approach the halfway point of the search to find 2009's Family Business Leader of the Year, Ronald and Leonard Lauder have taken a decisive lead in the poll. The two sons of beauty queen Estee have impressed voters with the way they handled a succession process that saw a non-family CEO installed but the family retain ownership.

October 1, 2009

This year has seen a series of shocks and surprises rock the family business world; two famous retail names – 77-year-old US-based Bashas’ and 128-year-old Germany-based Arcandor filed for insolvency – while the former chairman of Samsung was convicted of a family succession scam and the Middle East was shaken by the governance problems of the Saad Group and AHAB.

This year has seen a series of shocks and surprises rock the family business world; two famous retail names – 77-year-old US-based Bashas' and 128-year-old Germany-based Arcandor filed for insolvency – while the former chairman of Samsung was convicted of a family succession scam and the Middle East was shaken by the governance problems of the Saad Group and AHAB.

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