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
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Porsche’s ousting of former chief executive Wendelin Wiedeking paved the way for a merger with German rival Volkswagen. The move is the latest in a continuing dispute between the two ruling dynasties of the sports carmaker – the Porsche and the Piech families
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
Porsche
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
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
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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