Porsche Acquisition on Track for August by Volkswagen
Following an agreement by the automakers board members, Volkswagen’s acquisition of Porsche will be on track for completion in a month’s time.
porsche se
Ex-Porsche CFO Charged with Fraud
Earlier this year, news broke that Volkswagen had plans to to do a full takeover of Porsche, which VW owned 49.9-percent of. But now the former CFO of Porsche, Holger Haerter, is one of three people being charged with fraud in Germany over Porsche’s intent to supposedly acquire VW. According to investors, Porsche had denied...
Porsche Casts Doubt Over Volkswagen Merger
Porsche is looking increasingly unsure over a potential takeover by Volkswagen, which currently holds a 49.9-percent stake in the sports car maker. Porsche Automobil Holding SE is the company that holds the 50.1% majority of Porsche AG, the manufacturing arm that actually builds the cars. But Volkswagen is looking to exercise an option that allows...
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