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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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