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Piech and Porsche

February 4, 2014

A €1.8 billion lawsuit filed by seven hedge funds against family business third-gens Wolfgang Porsche and Ferdinand Piëch for alleged market manipulation is without merit, according to Porsche – the family-controlled German car company.

A €1.8 billion lawsuit filed by seven hedge funds against family business third-gens Wolfgang Porsche and Ferdinand Piëch for alleged market manipulation is without merit, according to Porsche – the family-controlled German car company.

The group, including US hedge fund Elliot Associates, has initiated a civil case against the third-gens, grandsons of company founder Ferdinand Porsche, at Frankfurt’s regional court.

September 10, 2013

Volkswagen chairman, Ferdinand Piech, 76, has refuted speculation he is soon to step down due to poor health and has said he will serve out the rest of his contract.

Volkswagen chairman, Ferdinand Piech, 76, has refuted speculation he is soon to step down due to poor health and has said he will serve out the rest of his contract.

He made the statement to reporters at the Frankfurt car show in response to reports last week that company chief executive Martin Winterkorn was soon to takeover.

Piech’s contract, extended last year, runs into 2017.

It was rumoured that Volkswagen finance chief Hans Dieter Poetsch would replace Winterkorn until a longer-term solution was found.

August 22, 2013

Carmaker Volkswagen has announced it is terminating production of one of its most iconic vehicles – beloved of surfers, hippies and other wandering souls for more than half a century.

Carmaker Volkswagen has announced it is terminating production of one of its most iconic vehicles – beloved of surfers, hippies and other wandering souls for more than half a century.

The Kombi has been manufactured in Brazil since 1957, but was first launched in Germany in 1950, making it is one of the longest running automobile models in history.

The classic Kombi design no longer meets Brazil's required safety standards, forcing Volkswagen to phase out production of the vehicle, according to a company spokeswoman.

July 3, 2013

The names Piech and Porsche have been synonymous with classic automobile design ever since family patriarch Ferdinand Porsche founded the brand. CampdenFB takes a look at the roots of this famous car dynasty.

The names Piech and Porsche have been synonymous with classic German automobile design ever since family patriarch Ferdinand Porsche founded his eponymous brand in the early 20th century. CampdenFB takes a look at the roots of this famous car dynasty.

June 18, 2013

The Piech and Porsche families, descendents of the founders of the eponymous carmaker, have reasserted their control over Porsche's holding company.

The Piech and Porsche families, descendents of the founders of the eponymous carmaker, have reasserted their control over Porsche's holding company.

On 17 June the families reached an agreement with Qatar Holding – the investment division of Qatar's sovereign wealth fund – to buyback the 10% voting stake in Porsche SE that was sold in 2009. The value of the transaction has not been disclosed.

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