Ferdinand Piech, a co-owner of Porsche , is resisting a quick decision to let the Gulf state of Qatar take a minority stake in the German automotive group, the Financial Times Deutschland reported.
A rejuvenated model range led by its new Golf VI hatchback helped Volkswagen outperform its competitors in May and grab more share of the world's car market, Europe's largest automaker said on Friday. Led by massive gains in Germany and China -- its two biggest markets -- group vehicle sales rose over last year's comparable month for the first time in 2009, gaining 1.5 percent t...
Porsche SE is in exclusive talks to sell a stake to the Gulf state of Qatar, in a deal that could cut the German automotive holding's debt and strengthen its position for a merger with Volkswagen.
Qatar is still considering taking a stake in debt-laden Porsche , or other German auto companies, after the carmaker scaled down a bid for Volkswagen , the prime minister said on Saturday.
Qatar is still studying taking a stake in debt-laden German sports carmaker Porsche , or other German auto companies, after Porsche scaled down a bid for Volkswagen , the prime minister said on Saturday.
Volkswagen AG signed a memorandum of understanding last week with the Chinese firm BYD to consider options for partnership in the area of hybrids and electric vehicles powered by lithium batteries.
Porsche confirmed on Monday it got a 700 million euro ($980 million) loan from its Volkswagen unit but insisted it could cope with its debt woes.
Porsche denied on Thursday that it had filed an application for aid that a government source had said had been rejected.
The families who control Porsche are open to the idea of selling a stake to an outside investor, the company said Wednesday.
Porsche declined to comment on Tuesday on rumors that the carmaker could receive a 3-4 billion euro ($4.09-5.45 billion) investment from an unnamed Kuwaiti investor.
Volkswagen froze talks over a merger that could bail out its majority owner Porsche SE , leaving the luxury carmaker scrambling to reassure investors a deal to unite the two was still alive.
Volkswagen, Europe's largest carmaker, has halted tie-up talks with Porsche as it said its smaller peer and major shareholder was not ready for a merger.
Volkswagen, Europe's largest carmaker, has halted tie-up talks with Porsche as it said its smaller peer and major shareholder was not ready for a merger.
The Porsche and Piech families will hold around 45-55 percent stake in an entity to be formed from a planned merger between Europe's biggest carmaker Volkswagen and Porsche, according to a German weekly magazine, citing sources.
Porsche Automobil Holding SE has abandoned its target of reaching a 75 percent majority holding in Volkswagen AG, sources familiar with the matter told Reuters on Wednesday.
A radical overhaul of the car industry moved a step closer on Monday as Fiat's chief executive set his sights on General Motors' Opel German unit just four days after clinching a deal with Chrysler.
A radical overhaul of the car industry moved a step closer on Monday as Fiat's CEO prepared to pitch a bid for Opel to Germany's leaders as part of a planned takeover of General Motors' European assets.
A radical overhaul of the car industry moved a step closer on Monday as Fiat's CEO prepared to pitch a bid for Opel to Germany's leaders as part of a planned takeover of General Motors' European assets.
Wolfgang Porsche, head of the supervisory board of Porsche and patriarch of one of its two controlling families, said the carmaker will not be sold to Volkswagen .
Germany's Volkswagen and Continental made the best out of a terrible first quarter for the global auto industry, hoarding their cash as they hope for an improvement in the months ahead.
MILAN - Fiat SpA's chief executive might swear that he is not trying to build an empire, but he is certainly looking for scale -- on the cheap.
The Emir of Qatar plans to buy a stake in Porsche, possibly shoring up the German sports-car maker's strained finances, a German magazine reported.
