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Former top managers at Porsche SE further charged in Germany

2015-06-23 11:26:22| Automakers - Topix.net

Two former senior managers, including the then chief executive officer of Porsche SE, a holding trust, have been further charged by German officials for their alleged implication in the company's unsuccessful takeover attempt of Volkswagen AG back in 2008. This week the regional court in Stuttgart, where Porsche is headquartered, announced new charges filed against ex-CEO Wendelin Wiedeking and former finance chief Holger Haerter, with the action based on disclosure of Porsche's October 2008 holding position and options that would have landed it majority control of around three quarters of Volkswagen AG.

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