Porsche merged into Volkswagen
July 24, 2009 by David Twomey
Filed under Audi, Bentley, Car News, Industry, Lamborghini, Porsche, Scania, Sports Cars, 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.
Chrysler-Fiat merger confusion
March 31, 2009 by David Twomey
Filed under Car News, Chrysler, Fiat, Industry
Chrysler seems a little confused about the state of play in its merger deal with Italian carmaker Fiat.
The financially-troubled US company first announced that an agreement had been reached, then 30 minutes later it withdrew that statement and said only that a “framework” accord had been reached with Fiat.
