Porsche SE has no information about Piech’s stake sale talks

Porsche SE logo

Porsche SE, Volkswagen’s majority shareholder, stated it has no details about previous VW chairman Ferdinand Piech’s talks with the automaker’s managing families about a potential sale of his stake. “We are just notified about that talks are taking place,” chief executive Hans Dieter Poetsch stated on Tuesday at the company’s earnings press conference. “We can […]

Volkswagen looks for quick deal concerning Ferdinand Piech’s shares

Ferdinand Piech

The Porsche and Piech families are wanting to strike a quick deal to purchase shares in Porsche SE from Volkswagen’s former chairman Ferdinand Piech, a person knowledgeable with the matter stated on Monday. “The negotiations are serious,” the individual stated. Porsche SE, the holding company which manages 52 percent of VW’s shares, said on Friday […]

Ex-VW chairman refuses to testify in German emissions investigation

Volkswagen logo

Ex-Volkswagen Chairman Ferdinand Piech, who resigned after a face-off with former CEO Martin Winterkorn, has chosen not to testify to German lawmakers examining a possible government’s role in the Volkswagen emissions scandal, inning accordance with his legal representative. Piech, likewise Volkswagen’s former CEO who led the automaker’s worldwide growth, provided statement to lawyers of U.S. […]

Former Israeli ambassador rejects informing Volkswagen’s Piech about diesel issues

Avi Primor, a former Israeli ambassador to Germany

Avi Primor, a former Israeli ambassador to Germany, never talked to ousted Volkswagen Chairman Ferdinand Piech regarding the concerns the automaker could deal concerning its diesel-emissions tests in the United States. Primor informed Reuters on Thursday. Primor had been mentioned by Germany’s Sueddeutsche Zeitung as the source of Piech’s details in early 2015 that there […]

Volkswagen no longer anticipates tax demands in Germany concerning diesel scandal

Volkswagen logo

Volkswagen does not anticipate the German government to make tax demands to cover income losses related to the automaker’s diesel scandal, a company spokesperson stated on Saturday. In Germany, motor vehicle taxes are connected to the volume of carbon dioxide emissions, and other things. VW, Europe’s biggest automaker, has admitted using emissions-cheating software application in […]