Porsche SE, the holding company controlling Germany’s Volkswagen, on Tuesday stated it raised its voting rights share in the automaker to 53.1 percent from 52.2 percent. “We continue to believe …
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German court orders a Volkswagen investor to pay damages for disclosure violations
by SpeedLuxby SpeedLuxA 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
Investors can seek redress from Porsche SE in Volkswagen case, says court
by SpeedLuxby SpeedLuxA German court ruled on Friday that investors looking for damages concerning a sharp decrease in Volkswagen shares after the automaker revealed emissions cheating in 2015 can also look to …
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Top managers and supervisory board members at Porsche SE, Volkswagen‘s majority shareholder, can still travel to the United States with no risk or fear for prosecution, the company’s head of …
- Volkswagen
VW CEO Matthias Mueller says successor likely to come from within
by SpeedLuxby SpeedLuxVolkswagen will probably select a new chief executive officer (CEO) from within the automaker’s own ranks, CEO Matthias Mueller told Handelsblatt. “I am presently in talks with the supervisory board …
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Former Volkswagen chairman Ferdinand Piech offered the bulk of his stake in the company to his younger brother, Frankfurter Allgemeine Zeitung noted. Piech, who dominated Volkswagen for over two decades …
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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 …
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Porsche SE, the main investor of Volkswagen, is dealing with lawsuits from investors asserting the company did not divulge the financial dangers of Volkswagen’s emissions scandal discovered a year back. …