Jalopnik: Porsche Vw

Greedy Hedge Fund Managers Suing Porsche For $1 Billion

Wes Siler — Wed, 27 Jan 2010 14:00:00 EST

Reason number one why the ‘10s are worse than the ‘80s: greedy hedge fund managers are suing Porsche not because they drove backwards into a tree, but because the company's surprise takeover of VW caught them with their pants down. More »

Porsche Offices Raided On Suspicion Of VW Stock Manipulation

Ben Wojdyla — Thu, 20 Aug 2009 14:00:00 EDT

Porsche's Stuttgart offices were raided by prosecutors brandishing search warrants and hunting for evidence Porsche manipulated VW stock prices in support of their attempted takeover. Seems like ousted Porsche boss Weideking might have some 'splainin to do. [BBC] More »

Auf Wiedersehen, Herr Wiedeking: Porsche CEO Steps Down

Peter Orosz — Thu, 23 Jul 2009 10:30:00 EDT

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The wonderfully inbred VW–Porsche saga continues. After all-night negotiations, Wendelin Wiedeking has left Porsche. More »

Porsche-VW Power Struggle Continues

Matt Hardigree — Wed, 22 Jul 2009 12:15:00 EDT

Like a snake trying to eat its own tail, Porsche and Volkswagen AG (and their respective families) are jockeying over ownership of two companies that are practically one — though VW now has a slight advantage. More »

Porsche, VW To Integrate Ten Brands Under One Roof

Ray Wert — Wed, 06 May 2009 14:15:00 EDT

One automaker to rule them all: Porsche, VW to integrate ten brands. [Reuters] More »

Porsche Announces That It Controls Volkswagen, Offers To Buy Audi

Andrew Stoy — Tue, 16 Sep 2008 10:20:00 EDT

With Porsche's revelation today that it owns 35.14% of Volkswagen shares comes the news that VW is now a subsidiary of Porsche, thus ending the long slog toward Porsche ownership. Stuttgart has announced its intention to continue purchasing VW shares until it owns a 50% stake. Porsche also made an obligatory offer for Audi — under what we can only assume are really strange German business laws, the automaker also has to at least tender an offer for the VW subsidiary, though Porsche has publicly stated that they have no desire to separate Audi from VW. No word yet on when Porsche will make an offer for General Motors, but Jerry York is rumored to be on a plane to Stuttgart right now. [Automotive News, Sub. Req.] More »

Porsche Creeping Closer To Volkswagen Takeover

Andrew Stoy — Thu, 24 Jul 2008 14:20:00 EDT

Furthering an effort begun by Porsche in 2005, an E.U. commission Wednesday granted permission for the sports car manufacturer to gain control of Volkswagen. If it seems that the buyout process has been happening in slow-motion, that's because it has: Thanks to arcane rules and buyout clauses, Porsche has had to purchase blocks of VW stock over a period of time, culminating in a final buyup in June. The result is that Porsche now owns a 51% stake in Europe's largest automaker, and the gub'ment says it's kosher. Of course, the German state of Lower Saxony, VW's second largest shareholder, can still play all passive-aggressive, so the soap opera is really just getting started. [Reuters UK] More »