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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PORSCHE HAS ENTERED talks with the Qatar Investment Authority (QIA) that could lead to the wealthy Gulf state taking a hefty stake in the German supercar manufacturer, alleviating its debt position.

According to British newspaper the Financial Times, sources close to the talks have confirmed that Porsche CEO Wendelin Wiedeking is in discussions with QIA [...]

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WHAT A TIME it’s been for Porsche lately. First the German supercar manufacturer began circling to take over its Volkswagen parent, and then, thanks to the global financial meltdown and finding itself stumbling for funds, the two began discussing a merger.

More recently, those merger talks were put on hold, with Volkswagen declaring Porsche unready for [...]

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