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German carmaker Volkswagen AG said Friday its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche, taking the companies one step closer to completing the deal. Complete Story...
Porsche Cars North America Inc. said Thursday its September auto sales rose 8 percent, the second month in a row Porsche reported a rise.
Qatar Holding has announced it will acquire a 17 percent stake in Volkswagen AG, which is merging with Porsche, in a deal that will exceed $10 billion.
Officials from German car companies Volkswagen AG and Porsche AG were meeting in Wolfsburg Thursday afternoon amid intense interest about their announced merger.
The best thing Volkswagen AG can do when it carries through its proposed merger with Porsche is this: Leave Porsche alone and reap the revenue from a glossy brand with loyal, rich customers, analysts say.
The struggle over control of Porsche, the heavily leveraged maker of world-class sports cars including the 911, appears to be coming to an end, according to media reports.
Porsche's supervisory board will hold an extraordinary meeting on July 23, a spokesman said Friday, as the company grapples with debt that it accumulated building up its share in Volkswagen AG.
Porsche has rejected Volkswagen AG's bid to take a 49 percent stake in the sports carmaker, a company spokesman said Monday.
Automaker Porsche SE said Friday its nine-month profit dropped 15 percent to euro4.6 billion ($6.4 billion), excluding its holdings of Volkswagen AG, as the global economic crisis drove down demand for new cars.
German car maker Porsche SE said Tuesday that it is pleased with orders for its new Panamera sedan and aims to sell about 20,000 of the vehicles annually.
A power struggle among members of two of Germany's oldest industrial families, the Porsches and the Piechs, is threatening to derail a deal to integrate the already intertwined Volkswagen AG and Porsche SE — suddenly deep in debt.
Porsche SE announced Wednesday it was moving toward creating an "integrated" carmaker with fellow German automaker Volkswagen AG, but emphasized that the high-end sports car company would retain its independence.
The art of the sports car takes center stage at the new Porsche museum in Stuttgart.
Porsche SE on Monday made a mandatory takeover offer for Sweden's Scania AB — a move required by law after it took indirect control of the truck maker earlier this month — but made clear it was only going through the motions and had no "strategic interest."
Porsche said Monday that it had increased its stake in Volkswagen AG to more than 50 percent, a move that gave it indirect control of truck maker Scania AB and requires it to make a mandatory takeover offer for the Swedish company.
Luxury sports car maker Porsche SE said Thursday that sales in the first four months of its fiscal year slid nearly 10 percent as the global economic downturn pinched demand.
A court on Thursday rejected an attempt by Porsche SE to have a provision struck from Volkswagen AG's statutes that gives VW's second-largest shareholder a blocking minority vote at the automaker.
German sports car maker Porsche SE said Wednesday it expects revenue in the four months through November to fall some 15 percent from a year ago as sales slump amid the global economic crisis.
Sportscar maker Porsche SE said Tuesday it would curb production as a result of weaker sales amid the global economic crisis.
Luxury car maker Porsche SE said Friday its profits soared by 52 percent in its latest fiscal year — driven higher by gains in its stake in Volkswagen AG, Europe's biggest automaker.
Porsche moved Wednesday to put a brake on volatility in Volkswagen shares by selling some options and Germany's financial regulator announced a formal investigation into Volkswagen's recent stratospheric stock gains.
Porsche raised its stake in fellow German automaker Volkswagen on Tuesday to more than 35 percent — a move that it said gives it effective control over Europe's biggest car maker.
German luxury carmaker Porsche SE has filed a criminal complaint with authorities regarding a suspected attempt to eavesdrop on chief executive Wendelin Wiedeking, the company said Sunday.
Porsche said Tuesday that pretax profit for the first six months of its fiscal year rose 23 percent and the automaker repeated that it has no plans to acquire Volkswagen AG.
Europe could see a new automobile and truck empire emerge after Porsche got clearance from its board Monday to take a majority stake in Volkswagen — just as VW said it would amass a controlling interest in Swedish truckmaker Scania.
2010 Porsche Panamera 1st Impressions "Having to Sit in the Back is far from being a punishment"On board the Panamera, four passengers can very comfortably take place in what is perhaps one of the most enticing cabins this side of a Phantom.
Spurned wife sells cheating husband's Porsche for a song A wife who caught her husband cheating on her with a teenage babysitter in his Porsche is taking revenge by selling the car online for a fraction of its value.
Avoidable Contact #17: Cheating Nissan, Bitter Porsche.Okay, class, put away your books. Time for a pop quiz. It's just one question, and it's multiple-choice: Which car holds the official Nurburgring lap time record for production automobiles? a) Nissan GT-R b) Chevrolet Corvette ZR-1 c) Porsche Carrera GT
German radicals turn to arsonTHEY occur at a rate of nearly one a night, without warning or fanfare. By the time the police arrive, all that remains are smoking wrecks. Even the identifying badges — Porsche, BMW, Mercedes, VW — are often obliterated by fire.
VW to take control of PorscheGerman car giant Volkswagen has unveiled plans to take control of the sports car manufacturer Porsche.
A fatal crash for Porsche and Volkswagen?Matthew Lynn unravels the three-generation feud behind the crisis that has overtaken two of the mightiest names in German car-making and threatens to ruin both of them
New hydrogen car gets backing from Porsche scionGreat news from Porsche on a hydrogen fuel cell powered car.
This thing we call Love, which is often misunderstood, is most likely to emerge from a common connection between two strangers. It then blossoms out of mutual interest, mutual respect, mutual aims and a close friendship.
Porsche and VW Agree to a Merger After a dramatic three-and-a-half-year battle to take control of much larger Volkswagen, German sports carmaker Porsche has given up the chase and agreed in principle to a merger with its one-time prey.
Porsche Introduces a Luxury Sedan to the Chinese MarketWow - if I could afford one, I'd realize what a great deal I'm getting buying the car in the USA versus China. I know things are improving over there, but really? Over $300k? Are they going to sell a lot of them at that price?
Porsche Chooses China for Its Entry Into Sedans Porsche unveiled its entry into the luxury sedan market here on Sunday night, the eve of the Shanghai auto show.
Porsche Finds Fortune From Unlikely Outsourcing - NYTimes.comOutsourcing to less-expensive places like India, China, Taiwan and Eastern Europe became routine for many American and Western European companies over the past decade. But what's Porsche doing in Finland?
Court rules in favor of man who sold Porsche for € 5.50A German court ruled on Thursday that a man who accidentally sold a Porsche 911 on eBay for €5.50 will not have to pay the buyer damages after refusing to deliver the sports car.
Owner of Porsche connected to fatal Lauderdale hit-and-run jailed in IllinoisTo his evident surprise, the owner of the Porsche linked to the hit-and-run deaths of two pedestrians in Fort Lauderdale was ordered jailed Monday in Illinois for violating his terms of probation for a high-speed car chase in Chicago.
Police: Driver Flees In Porsche After Tourists Killed Near A1A Two men were killed Friday morning after they were struck by a vehicle on A1A in Fort Lauderdale beach, police said.
The man who outfoxed the marketPorsche's profits before taxes of $11.6 billion in the fiscal year ended in July were actually larger than its total revenues from sales of $10.2 billion. Not even Google has profits exceeding 100%.
New Porsche Museum Celebrates the Need for SpeedPorsche's new museum in Stuttgart is a spectacular piece of architecture featuring equally spectacular cars. Auto fans can worship at the temple of speed as of Jan. 31.
Fast bucks: how Porsche made billionsPorsche is world famous for its iconic sports cars. But car manufacturing isn't the only thing the company is good at. Last year it made six times as much on the stock market as it did making cars.
Nassau County Man Has Two Cars Stolen From HimMANHASSET, N.Y. (AP) -- Police on Long Island say a man had two cars stolen from him in one night. Detectives say the victim told police that while he was dining at a restaurant in Manhasset someone took the keys from the valet station and stole his Mercedes.
How Porsche hacked the financial system and made a killingA "short squeeze" sounds inconspicuous enough; you wouldn't tell it by Bloomberg's language, but Merckle's Volkswagen bet lost out to one of the most masterful hacks of the financial system in history.
Porsche offers a variety of courses aimed at improving driving skills both for the street and the track.
Porsche buys controlling stake in VWThe German luxury sport scar maker Porsche has taken over Volkswagen, the biggest European car maker, by purchasing more than 50 per cent of its shares, Porsche announced.
Porsche chief savages US rivals over self-inflicted woundsWendelin Wiedeking, the chief executive of the German sports car group, said today it could only be a matter of time before hedge funds took majority control of one of the US car manufacturers that had inflicted damage on themselves with ruinous discounts and hugely subsidised le …
Porsche hits record results on the back of VW sharesPorsche car and SUV sales have taken a brutal hammering and the situation is likely to get much worse very soon. Yet Porsche's financial results are obscenely the best ever. Why? Porsche is not only good at making cars, but at also making brilliant financial plays...
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