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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%.

April 30, 2010

The number of hedge funds suing family-controlled automaker Porsche for market manipulation and fraud in 2008 has risen to 35.

The number of hedge funds suing family-controlled automaker Porsche for market manipulation and fraud in 2008 has risen to 35.

The plaintiffs released a joint statement yesterday stating 18 new hedge funds had joined the litigation against Porsche Automobile Holding SE and two former executives, Wendelin Wiedeking and Holger Haerter, accusing them of lying over their intentions towards Volkswagen. 

April 30, 2010

Family business brands are racing into the top ranks of the best global brands. According to the Interbrand Global Brands 2009, 26 of the top 100 were family businesses, of which 20 had moved up in the rankings from the previous year

Family business brands are racing into the top ranks of the best global brands. According to the Interbrand Global Brands 2009, 26 of the top 100 were family businesses, of which 20 had moved up in the rankings from the previous year. Four (Toyota, BMW, Louis Vuitton Moet Hennessey and Samsung) were in the top 20.

April 19, 2010

Porsche AG, the family-controlled luxury carmaker, has unanimously re-elected Dr Wolfgang Porsche as chairman of the supervisory board, but said goodbye to another family member.

Porsche AG, the family-controlled luxury carmaker, has unanimously re-elected Dr Wolfgang Porsche as chairman of the supervisory board, but said goodbye to another family member.

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.

November 23, 2009

The Supervisory Boards of Porsche SE and Volkswagen AG announced on Friday they have taken a further step towards integration when both boards approved the contracts of a merger deal that would see the two companies combined by 2011.

The Supervisory Boards of Porsche SE and Volkswagen AG announced on Friday they have taken a further step towards integration when both boards approved the contracts of a merger deal that would see the two companies combined by 2011.

VW was the first to announce that its board had agreed to the terms of the merger and its statement was soon followed by a similar one from Porsche. The next step in the process will see VW take a 49.9% stake in Porsche before the end of 2009 in a deal worth €3.9 billion.

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