Porsche merged into Volkswagen

German sports car maker, Porsche, will be merged into the Volkswagen group of companies following an all-night board meeting that sealed the fate of the company. Volkswagen chairman Ferdinand Piech tightened his grip over Porsche on Thursday after the company’s chief executive was ousted following a power struggle to keep Porsche independent. - Tags:

Porsche announces mandatory offer for Scania

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Following the increase in Volkswagen shares to 50.76 per cent, Porsche today announced its mandatory offer in Sweden for Scania. However, Porsche has no strategic interest in acquiring Scania shares and is therefore offering only the minimum prices required by law. - Tags: