FOLLOWING LAST MONTH’S decision to form an integrated automotive group that combines Volkswagen and Porsche, VW has agreed to take up a 42 percent stake in Porsche.

The shares will cost Volkswagen up to 3.3 billion euros (AU$5.5b). Martin Winterkorn - CEO of Volkswagen - is tipped to run the new corporation.

Winterkorn described the [...]

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THE STAND-OFF BETWEEN Volkswagen and Porsche has come to a close today, with a Supervisory Board meeting between Volkswagen Aktiengesellschaft and Porsche Automobil Holding SE clearing the way for an integrated automotive group combining Volkswagen and Porsche.

With final details of the joint concept to be resolved in the coming weeks, representatives of the Porsche and [...]

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THE QATAR INVESTMENT AUTHORITY (QIA) has now formally made an offer to purchase a 25 percent stake in German manufacturer Porsche, offering €7 billion (AU$12.5 billion) for a share of Porsche Automobil Holding and options on Volkswagen shares held by Porsche.

Last week, Porsche’s capital-raising efforts hit a snag when the German state-owned KfW bank rejected [...]

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THERE ARE A LOT of  issues on Porsche’s platter right now. The stalled purchase of Volkswagen, battling the financial crisis and preparations for new models have been keeping the Stuttgart operation more than occupied.

For the first nine months of this financial year Porsche has seen its global sales drop by 28 percent as the worldwide [...]

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