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Porsche SE still in trouble over failed VW takeover

2014-11-18 04:28:33| Automakers - Topix.net

Volkswagen AG now owns the entirety of the luxury sports car manufacturer Porsche, but not long ago the brand's controlling holding - Porsche SE - attempted to gain control over the German automaker. The resulting botched takeover resulted in many legal problems for Porsche SE, which has now said its shareholders need to be prepared if the firm would be made to give up "economic benefits" gained from the unsuccessful attempt to gain the majority control over VW.

Tags: trouble failed vw porsche

 

Toyota at top in global vehicle sales over VW, GM

2014-10-27 09:46:02| Auto Dealers - Topix.net

Toyota kept its lead over rivals Volkswagen and General Motors as the world's top-selling automaker in the first nine months of the year, Monday reporting record sales of 7.615 million vehicles, up nearly 3 percent from the previous year. Volkswagen said earlier this month it sold 7.40 million vehicles for January-September, barely edging out General Motors Co.

Tags: top sales global vehicle

 
 

Toyota at top in global vehicle sales over VW, GM

2014-10-27 08:59:55| Automakers - Topix.net

Toyota kept its lead over rivals Volkswagen and General Motors as the world's top-selling automaker in the first nine months of the year, Monday reporting record sales of 7.615 million vehicles, up nearly 3 percent from the previous year. Volkswagen said earlier this month it sold 7.40 million vehicles for January-September, barely edging out General Motors Co.

Tags: top sales global vehicle

 

UAW, 2 German labor groups join forces in bid to organize VW Tenn. plant

2014-09-30 00:31:21| Automakers - Topix.net

The UAW and two top German labor groups have signed a letter of intent to jointly organize the Volkswagen AG assembly plant in Chattanooga, a top UAW official said today. The latest move may be a step toward the UAW gaining bargaining rights to represent the hourly workers at VW's only U.S. plant, according to the letter, a copy of which was obtained by Reuters.

Tags: join groups german bid

 

Porsche SE acquires ~10% stake in real-time traffic information company INRIX; 1st step to complementing investment in VW AG

2014-09-12 16:30:45| Green Car Congress

Tags: information company step 1st

 

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