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volkswagen

July 30, 2009

The very public dispute between the Porsche family, owners of Porsche, and the Piech family, who control Volkswagen, may soon be coming to an end, in business terms at least.

The very public dispute between the Porsche family, owners of Porsche, and the Piech family, who control Volkswagen, may soon be coming to an end, in business terms at least. An announcement made by Porsche yesterday stated that the two companies are "in advanced talks" over the disposal of the cash settled options used by Porsche to build up a stake in VW. This is the clearest sign yet that a merger is finally coming to fruition.

July 23, 2009

Porsche Automobile Holding SE, the family-controlled luxury carmaker, announced today that non-family CEO Wendelin Wiedeking has resigned as it moves towards a merger with Volkswagen

Porsche Automobile Holding SE, the family-controlled luxury carmaker, announced today that non-family CEO Wendelin Wiedeking has resigned as it moves towards a merger with Volkswagen. Board member Holger P Haerter also leaves the company with immediate effect.

July 20, 2009

The future of the family-controlled luxury carmaker Porsche is to be decided on Thursday at an extraordinary meeting of the company’s shareholders.

The future of the family-controlled luxury carmaker Porsche is to be decided on Thursday at an extraordinary meeting of the company's shareholders.
 
The meeting is expected to finalise Porsche's union with Volkswagen, whose chairman, Ferdinand Piech (pictured), is grandson of founder Ferdinand Porsche. However, the announcement has done little to stop the rumours and speculation surrounding the merger and the Porsche family.
 

June 29, 2009

Dr Wolfgang Porsche, chairman of the supervisory board at Porsche, has fiercely rejected the ultimatum offered to him by VW at the end of last week.

Dr Wolfgang Porsche, chairman of the supervisory board at Porsche, has fiercely rejected the ultimatum offered to him by VW at the end of last week. The ultimatum apparently gave Porsche until Monday to accept the proposed merger between the two companies, according to reports in a German magazine Der Spiegel.

June 17, 2009

The Porsche family has denied claims made in The Financial Times Deutschland that Ferdinand Piech, chairman of Volkswagen, blocked the quick entry of the Qatar Investment authority into Porsche.

The Porsche family has denied claims made in The Financial Times Deutschland that Ferdinand Piech, chairman of Volkswagen, blocked the quick entry of the Qatar Investment authority into Porsche.

March 11, 2008

A motor group has won a regional UK Coutts Prize for Family Business.

A motor group has won a regional UK Coutts Prize for Family Business. Leeds-based JCT600 will now go on to the national finals, which are to be held in June. The firm was nominated for the award by Sir Ken Morrison of family-owned WM Morrison Supermarkets.

March 3, 2008

Volkswagen has increased its stake in truck manufacturer Scania to 68.6% after buying the shares from a powerful Swedish family.

Volkswagen has increased its stake in truck manufacturer Scania to 68.6% after buying the shares from a powerful Swedish family. The Wallenbergs, who held a 30% stake through industrial holding firm Investor AB and the Wallenberg Foundation, sold their shares to the German carmaker for €21 per share.

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