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Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, SKODA & Volkswagen
Sachsen Classic 2009 successfully completed
Seven cabriolet, Volkswagen sent to the Sachsen Classic last weekend. Nearly 700 kilometers in three days behind the aged sweetheart. Without complaint and without any problem, they were rolling on 15 August to end in the Transparent Factory in Dresden.
Continue reading ‘Classic Volkswagen Cabriolet ready for next adventure’
At its extraordinary meeting today, the Supervisory Board of Volkswagen Aktiengesellschaft endorsed the creation of an integrated automotive group with Porsche under the leadership of Volkswagen. The Volkswagen Board of Management will now begin talks with the newly-nominated representatives of Porsche to jointly draw up a final concept to achieve this goal. At the same time, a comprehensive auditing and assessment process will be initiated as the prerequisite for signing an agreement on the principles relating to the combination of the two companies.
Continue reading ‘Volkswagen Supervisory Board lays foundation for integrated automotive group’
The Supervisory Board meetings of Volkswagen Aktiengesellschaft and Porsche Automobil Holding SE which took place in Stuttgart on Thursday cleared the way for an integrated automotive group combining Volkswagen and Porsche. The details of a final joint concept will be worked out over the coming weeks. Representatives of the Porsche and Piëch families, the State of Lower Saxony and the workforce of both companies have however already expressed their great satisfaction with the foundations that have now been laid.
Continue reading ‘Broad approval for integration of Volkswagen and Porsche’
Wendelin Wiedeking arrived at Porsche’s factory near Stuttgart as a young engineer in 1983.
He leaves a quarter of a century later a much richer man – but with the manner of his departure casting a shadow over his otherwise hugely successful career.
To many observers, his attempt to gain control of Volkswagen (VW) was a mark of hubris, the action of a man who believed that he simply could do no wrong.
A new tax problem is threatening prospects for Volkswagen to acquire sports carmaker Porsche. The continuing drama between Porsche and VW, the world’s second-largest automobile manufacturer, is starting to make German newspaper commentators squirm.
The struggle for power between Porsche and Volkswagen continues, despite an apparent breakthrough in negotiations late last week that suggested the two automakers would soon merge, with Wolfsburg-based VW assuming control of the Stuttgart-based company, and make the sports car-maker its 10th automobile brand.
Read the full article on Spiegel
Employee meetings in Weissach and Zuffenhausen
The Group Works Council of Dr. Ing. h.c. F. Porsche AG, Stuttgart, will fight “to the utmost’ to keep Porsche autonomous. This was announced by the Chairman of the Porsche AG Group Works Council, Uwe Huck, on Wednesday at an employee meeting in Weissach. At the same time he called upon the owner families Porsche and Piëch to keep their promise – given most recently in May 2009 – that Porsche is not for sale. In this context he also repeated a quote by Dr. Ferdinand Piëch from the Porsche 1993 Annual General Meeting, at which he said: “Porsche will be independent for as long as I live.”
oint Statement by Dr. Wolfgang Porsche, Chairman of the Supervisory Board, and his Deputy Uwe Hück on the Ultimatum by Volkswagen and the State of Lower Saxony:
“We trust that as in the past we are planning a successful future together with VW to the benefit of both Companies. Hence, we are deeply concerned and irritated by the wording of the ultimatum.
Continue reading ‘Breaking: Porsche not happy with latest VW ultimatum’
Volkswagen and its key shareholder, the state of Lower Saxony, have confronted Porsche with an ultimatum to accept a tie-up of the two carmakers under VW’s tutelage or else face more severe financial turmoil, Web site Spiegel online reported.
Porsche Chief Executive Wendelin Wiedeking and Chairman Wolfgang Porsche have been urged to agree by the end of June that VW takes a 49 percent stake in Porsche’s sports car business for 3-4 billion euros ($4.2-$5.6 billion), Spiegel magazine reported in its online edition on Saturday, without saying who provided the information.
Continue reading ‘VW gives Porsche ultimatum to accept merger’
