German court orders a Volkswagen investor to pay damages for disclosure violations

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A German court ordered Porsche Automobil Holding SE to pay shareholders 47.2 million euros ($53.8 million) in compensation for breaching disclosure rules over an emissions scandal at its major investment Volkswagen. Shareholders who held Porsche SE stock from May 23, 2014, and September 22, 2015, were entitled to be compensated for the share costs reduces […]

Porsche-Piech clan to stay out of Volkswagen management: Wolfgang Porsche

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Members of the Porsche-Piech clan that manages Volkswagen will not be qualified to serve as executives of the automaker, Porsche Automobil Holding SE Chairman Wolfgang Porsche informed. “That no member of the family is active in the operating company must apply to Porsche SE and the entire Volkswagen group,” Frankfurter Allgemeine Zeitung quoted him. His […]