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Carmakers

January 20, 2012

A group of US investors rejected a settlement offer from German family-controlled carmaker Porsche, accused of misleading the market in 2008 over the buyout of fellow automaker Volkswagen.

A group of US investors rejected a settlement offer from German family-controlled carmaker Porsche, accused of misleading the market in 2008 over the buyout of fellow automaker Volkswagen.

“A few months ago there were some discussions between counsel for Porsche and counsel for various investors who had sued Porsche in the US,” James Sabella, director at law firm Grant & Eisenhofer, which represents some of the US investors, told CampdenFB.

January 9, 2012

Sergio Marchionne will remain chief executive at carmakers Fiat and Chrysler until at least 2015, when the merger of the two companies will be completed and the initial public offering of the new group finalised.

Sergio Marchionne will remain chief executive at carmakers Fiat and Chrysler until at least 2015, when the merger of the two companies will be completed and the initial public offering of the new group finalised.

The Italian manager told the Detroit Free Press that his successor will come from inside the company, but added: "Nothing is going to happen until after 2015, unless I get hit by a bus."

December 17, 2011

Ford might be best known as a maker of family cars, but the family business also likes to dip its toes in more exciting motoring activities, like the FIA World Rally Championship.

Ford might be best known as a maker of family cars, but the family business also likes to dip its toes, or wheels if you will, in more exciting motoring activities, like the FIA World Rally Championship.

It confirmed this week that it will continue taking part in the event in 2012 and 2013, working with long-term partner M-Sport – which operates its rally activities.

December 9, 2011

The Ford family, which controls the US's second-biggest automaker Ford Motor, will be a main beneficiary of the family business’s decision to resume paying dividends to its shareholders.

The Ford family, which controls the US's second-biggest automaker Ford Motor, will be a main beneficiary of the family business’s decision to resume paying dividends to its shareholders.

For the first time in five years, the Dearborn, Michigan-based company said it will restart paying quarterly dividends to its shareholders because of increased signs of financial strength.

September 12, 2011

An alliance between family-controlled carmakers Suzuki and Volkswagen may come to an end over a dispute involving Fiat, the Italian car manufacturer controlled by the Agnelli family. 

An alliance between family-controlled carmakers Suzuki and Volkswagen may come to an end over a dispute involving Fiat, the Italian car manufacturer controlled by the Agnelli family.

Suzuki Motor offered to buy Volkswagen’s stake in the company on 12 September after the German firm accused its Japanese partner of breaking the terms of their contract by agreeing to buy diesel engines from Fiat, instead of first considering VW.

However, in a statement, Suzuki denied the allegation: “We can affirm that we have not breached the contract.”

September 9, 2011

The management team at Volkswagen are “urgently” examining “potential courses of action” to ensure that the planned merger of the German carmaker with Porsche can go ahead, according to a spokesman for VW.   

The management team at Volkswagen are “urgently” examining “potential courses of action” to ensure that the planned merger of the German carmaker with Porsche can go ahead, according to a spokesman for VW.

VW said this week that efforts to merge the two family-controlled companies are being hampered by legal issues relating to Porsche's failed attempt to take over Volkswagen in 2008, which saw Porsche accumulate a debt of €10 billion.

February 24, 2011

Family-controlled German carmakers, Porsche and Volkswagen, announced on 23 February that their planned merger may not happen this year due to pending legal issues.

Family-controlled German carmakers, Porsche and Volkswagen, announced on 23 February that their planned merger may not happen this year due to pending legal issues.

The two carmakers had previously revealed plans to merge by the second half of this year, but unresolved legal issues relating to a failed takeover of VW by Porsche in 2008 are likely to delay the merger.

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