Feeds
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.
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.
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.
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.
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.
Log In | Register
