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Hermes sends warning to VW

Hermes, the UK pension fund, has strongly criticised Volkswagen’s plan to take over Porsche and threatened to take further action if demands for more transparency are not met

Porsche makes €4.4bn loss

The sports carmaker swallowed big writedowns on shares and options in Volkswagen, which it had attempted unsuccessfully to take over

VW hires Neumann to lead electric car unit

Volkswagen poaches back the former chief executive of Continental in a move that highlights the increasing importance of zero-emission vehicles

VW records profit despite slide in demand

Europe’s biggest carmaker succeeds in generating a second successive profit – in spite of the slump in demand in most of the world’s vehicle markets

VW to acquire bigger stake in Porsche

Europe’s largest carmaker will buy 49.9% in Porsche’s sports car business for €3.9bn in what it said was ‘a first step towards an integrated automotive group’

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Comment & Analysis

Just another week at the office for Piëch

As the Porsche-VW operation, one of the world’s most colourful corporate sagas, appeared to reach its climax, the central character appeared as cold-blooded as ever

Porsche

Lex

The dismissal of the chief executive and a debt burden of €10bn does not necessarily represent a defeat for the German carmaker

Collision course

Carmaking: Behind a tussle between VW and Porsche for the upper hand in a prospective tie-up lie a tangle of family shareholdings and a feud that could yet bring further trouble

Out on a family drive

SEMA Toyota Yaris Tailback

Carmaking: In an industry where founding families retain much of their influence, recession is prompting them to weigh the need for mergers against the benefits of continued control

Porsche and VW are spinning out of control

European comment

The increasingly bitter Porsche-Volkswagen saga seems to raise two fundamental questions: who will ultimately take over the other, and who do you believe and who do you not

An industry running on romance alone

Manufacturers should only show haggard motorists conveying screaming brats to school, or cursing as jams delay important meetings, writes Jonathan Guthrie

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Porsche chief heads towards showdown

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