1. Porsche's big drive
- Author
-
Racanelli, Vito J.
- Subjects
Lower Saxony, Germany -- Investments ,Porsche AG -- Investments ,Porsche AG -- Officials and employees ,Volkswagen AG -- Investor relations ,Volkswagen AG -- Officials and employees ,Automobile industry -- Investments ,Automobile industry -- Investor relations ,Automobile industry -- Officials and employees ,Automobile Industry ,Company investment ,Company business planning ,Banking, finance and accounting industries ,Business - Abstract
Porsche's battle to control Volkswagen hinges on further decisions by the courts on the VW law that gives the Lower Saxony state veto power on major moves by virtue of its 20.3 percent stake in Volkswagen. VW chairman Ferdinand Piech also present another obstacle to Porsche's plan since Piech is reportedly wary of Porsche CEO Wendelin Wiedeking's plans to boost VW's efficiency.
- Published
- 2008