Bid Dismissed as 'Not Viable': Porsche Rejects VW Takeover Offer
The power struggle between German automakers Porsche and Volkswagen escalated on Monday with Porsche rejecting VW's takeover bid as unfeasible. That means Porsche still hasn't found a solution for its...
View ArticlePorsche-VW Power Struggle: Qatar Has Sights Set on German Industry
The emirate of Qatar is waiting for Porsche and Volkswagen to settle their power struggle, but its patience will eventually run out, insiders say. Even if it ditches its plans to buy a stake in either...
View ArticleWiedeking to Step Down: Owners Settle on New CEO for Porsche
Wendelin Wiedeking, who has been held responsible for Porsche's bungled attempted takeover of Volkswagen, is preparing to step down from his job. According to information obtained by SPIEGEL, the...
View ArticlePower Struggle Ends: Volkswagen to Acquire Porsche
Volkswagen is planning to purchase all of sports carmaker Porsche, which has run into massive financial problems linked to its overly ambitious plan to take control of VW. The attempted takeover, which...
View ArticleThe Porsche Story: A Fierce Family Feud
Volkswagen looks set to acquire Porsche, the troubled German sports car manufacturer. At the core of the companies' tightly intertwined histories is a deeply divided family engaged in a power struggle...
View ArticleDesigning Cars for Hitler: Porsche and Volkswagen's Nazi Roots
Both Volkswagen and Porsche had close connections with the Third Reich. It was Ferdinand Porsche who designed the "people's car," the legendary VW Beetle, in 1934. Adolf Hitler was so taken with the...
View ArticleThe Porsche Story: The Downfall of a Corporate Upstart
Porsche CEO Wendelin Wiedeking turned the luxury sports carmaker around in the 1990s. But his archrival Ferdinand Piëch would put a stop to Wiedeking's grandiose scheme to take over much-larger...
View ArticlePaving the Way for VW Takeover: Porsche CEO Wiedeking Resigns
Porsche CEO Wendelin Wiedeking, who became one of Germany's highest-paid executives after turned the company around in the 1990s, has resigned. He fell from grace after a bungled attempted takeover of...
View ArticleNew CEO Michael Macht: Quiet Technocrat Takes the Reins at Porsche
New Porsche boss Michael Macht could hardly be more different from his outspoken predecessor, Wendelin Wiedeking. But that's no coincidence: Volkswagen, which is set to acquire Porsche AG, wants a...
View ArticleThe World from Berlin: 'Wiedeking Is to Blame for the Porsche Disaster'
Now that Porsche CEO Wendelin Wiedeking has agreed to step down the path is clear for a takeover by Volkswagen. The decision leaves VW's Ferdinand Piëch the victor in this power struggle, but German...
View ArticlePorsche's Past: The Dark Pre-History of the World's Favorite Sports Car
Officially, history began for Porsche in 1950. But the company existed before that as a supplier for Hitler's war machine. New research suggests that the company benefited much more from its Nazi ties...
View ArticleMarital Woes: Takeover Battle Leaves Open Wounds at Volkswagen and Porsche
The long-running takeover battle between VW and Porsche has created deep divisions between the two auto manufacturers. Now they are dependent on each other for their future success, but some people at...
View ArticlePorsche's Hybrid Racecar: Green Energy Hits the Track
Auto racing is hardly one of the greenest sports out there. But Porsche has now come up with a racecar outfitted with a hybrid engine. The technology could ultimately find its way onto the street.
View ArticlePorsche's Poker: Turning the Car Business into a Casino
German prosecutors are probing accusations that Porsche conducted dodgy share deals during a failed takeover bid for Volkswagen. Meanwhile, hedge funds are suing the sports car maker in the US. Porsche...
View ArticleThe Cartel: Collusion Between Germany's Biggest Carmakers
The diesel scandal is not a failure on the part of individual companies, but rather the result of collusion among German automakers that lasted for years. Audi, BMW, Daimler, Volkswagen and Porsche...
View ArticleThe End of a Legend: 'Made in Germany' Label Badly Damaged By Car Scandal
Germany's diesel scandal occurred because the government has long been too lenient on the automobile industry. Deep ties between politicians and the sector allowed the situation to get out of hand,...
View ArticleEU Competition Commissioner Vestager: 'The Auto Industry Is a High Priority'
EU Commissioner for Competition Margrethe Vestager, 49, has made a name for herself by taking on Google, Apple and Starbucks. She talks to DER SPIEGEL about her current investigation into possible...
View ArticleNew Cartel Suspicions: Secret Price Fixing Among German Carmakers
After numerous scandals in recent years, the German automobile industry is facing scrutiny yet again. This time, VW, Daimler, BMW and Bosch are believed to have colluded on steel price fixing.
View ArticleElectric Dreams: Porsche's Quest to Make Eco-Friendly Sports Cars
Porsche is trying to reinvent itself in the wake of Germany's diesel-emissions scandal by turning itself into an environmentally friendly sports-car company. It's a billion-euro bet with enormous...
View Article'Change Through Trade Has Failed': China Pressures Foreign Companies to Fall...
To help end the protests in Hong Kong, the Chinese government is pressuring foreign companies doing business in the country to toe the official position. Any firm that doesn't can expect punishment --...
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